The garbage that Morgan Stanley has infiltrated the market with in relation to ‘breach of covenants’ is false and misleading. To breach any covenants HLG will need to lose a further 40% in the market value of their property which is impossible. Their NTA is $3.15 per share which speaks volumes. You will also find that they will resume trading today after clarifying their position and price query to the market. This should resume trading at around $1.20-$1.30… Watch the Short Sellers close out of their positions as they scramble to buy.
HLG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held