Why did they move the date? Can't give guidance , cant deliver quarterly report on time. Shorters are loving this.
Volume and stacking today indicates end game approaching...likely +30m after market crossings soon..... Anyone could think the shorters and management were hand in glove with the report delay.
Given the high level of shorting last week I was expecting this to be insider trading being so close to the report. Now the report is 'delayed' it could be a mere market operation given the extended window provided for such action so will likely be bullish if large crossings happen this week..... given the Australian public market is all about insider trading and manipulation these days.... IMO.
ARI Price at posting:
20.5¢ Sentiment: None Disclosure: Held