I think the reason why Matrix is copping a hiding today is because it has been dropped down in the Comsec margin loan list. Comsec has dropped it into the diversified portfolio group which means you have to have at least five stocks in your margin loan to be able to borrow on Matrix. The reason I know is because it is in my margin loan and has been dropped out of my lending value list. Comsec do not appear to have publicly announced this change but I did check it with them and it has been dropped down. I think it only happened today but certainly in the last day or two. I got a surprise to see that my funds available had dropped off.
GPASAS
hammer and tongues company needs cash, page-10
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