It could have been insider trading unloading shares prior to the Co ann, 98% of which will be taken for the bondholders. Otherwise who would spend $40,000 knowing they will only retain $800. If this deal goes through don't be surprised if the next major event is a takeover. I could have been better off if I had sold that million shares on Friday, rather than lose 98% of those shares should the deal go ahead. I presume that pink slip trading will continue until a decision is made next week, or is it immune from trading halts etc.?
Ann: Administration Update Report to Creditors and Proposed DOCA, page-37
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$7.97 |
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Mkt cap ! $2.955B | |||
| Open | High | Low | Value | Volume |
| $8.15 | $8.16 | $7.94 | $3.423M | 426.4K |
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| No. | Vol. | Price($) |
|---|---|---|
| 6 | 1635 | $7.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.97 | 704 | 4 |
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