ABS a.b.c. learning centres limited

Maybe, just like Eddy, he still has outstanding debts to margin...

  1. 116 Posts.
    Maybe, just like Eddy, he still has outstanding debts to margin lenders after they sold all the stock they held as security. If this is the case I'm sure he's realising whatever assets he has to pay the shortfall. Just a guess. Looks like he sold the day after the 25 March MS deal announcement date. He would have been in breach of ASX rules to dispose his shares prior to the 25 March announce date so I'm assuming as these obviously weren't held by MLers he held off until after the date and then sold. I don't think the sale of $30k worth of shares really affected the share price. In fact the share price has been rising. I'm guessing he's pretty annoyed at the almost 2mill shares shorted on the close of trade before easter dropping the price from $1.50 to $1.30. No winning for these guys. We still need to see the MS deal go through or something happening which will show these guys can still make things happen. It's a long hard road to get the SP back up there though.
 
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