lucky that eddy groves had the margin call, and had the shares...

lucky that eddy groves had the margin call, and had the shares sold from under him. he is probably laughing all the way to the bank. looks like the short sellers picked the right stock to sell. it was all to easy for eddy groves to blame hedge fund short selling for the demise of the share price. now the market finds out that there seems to have been some cosy relationships between abs, and other companies, and shock horror that there might be something wrong with the books.

imf would not be funding legal action unless they thought that there was a reasonable chance of success

sadly it looks like it was a bit of a cowboy outfit. tax payers money, has no doubt found its way into the pockets of various people. no wonder some canadian people did not want their child care centres to be bought out by abs

sad for the investors, who bought in good faith - after all, it ws not supposed to be some speculative exploration stock