MBN 0.00% 8.3¢ mirabela nickel limited

All over done and dusted, page-612

  1. 3,051 Posts.
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    Look at the logic AICP.

    After the DOCA the creditors had 98.2 % of the listed MBN shares and the previous shareholders had 1.8%of the listed shares - about 930 million were listed.
    You saw the trading in MBN. Millions and millions of shares sold on market. Who had these shares available to sell? The 1.8% or the 98.2% ?
    Yes, the creditors had shares to sell. The previous shareholders had hardly any, and most of these would have been in unmarketable parcels.
    Work it out - the creditors had to be the main sellers!
 
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