looks to me like JP Morgan are using the shares from the placement to short ABS into the ground. That way they might force them to hand over the other 40% of the US business for a song.....
shocking thought but why else would one of the worlds biggest brokers take a significant stake at $1.15 and then sit back and let the value of their investment sink?
very little support was offered around the placement price which makes JP's stake look all the more strategic to me.
hmmm. could get very ugly.
ABS
a.b.c. learning centres limited
should be a survivor, page-5
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