MHL 0.00% 0.3¢ monitor energy limited

But we cant blame MHL.The ASX issued a speeding fine on the 26th...

  1. 7,747 Posts.
    But we cant blame MHL.

    The ASX issued a speeding fine on the 26th Oct because MHL went from 0.3c to 0.5c on increased volumes.

    MHL responded with the usual 'we know nothing' line.

    Speculation continued.

    MHL request trading halt followed by suspension. They pre-empted the ASX forcing the same, possibly with more serious consequences.

    Perhaps everyone benefits from a rising sp, but certainly some benefited more than others. Also how do you price a large capital raising with a constantly changing shareprice?

    I know other companies do it, but does their shareprice move up and down 33% on 1 trade? And how many companies attempt to raise 6x their market cap?

    Alot of excuses I know. But nothing we can do anyway.

    Lets hope with the AGM out the way, some dialogue might open up over the next few trading days.

    Disc: I HOLD. Cant exactly sell can I?
 
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