That would be most impressive!
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BBB- effect has started showing ...ATM started its humty dumty fall as its got negative ratings from BBB ...:p
Recently, New Zealand infant formula dairy production enterprises in China registration list updated, details as follows: (General Administration of Customs)
Attachment 13047
https://mp.weixin.qq.com/s/QhKJ7ZMBLtg2NhqZY1oTEQ
The three musketeers have a superb track record with this one. I'm calling it. This will get settled out of court for several hundred million and after egregious lawyers fees those that lost money will get a few cents back per dollar. Market cap down $350m since this class action lawsuit was filed.
probably more than a few cents being dished out if this is the way it goes.. if the payouts on their website is any indication :)
I'd say there is fairly hefty stack of red ink during the purchase dates, based on the decline from $18 or so at the beginning
to $6/$7 at the end .. those sitting on ATM for the duration could be down by more than 50%
And ATM closed at 638 although Direct show 650.46 in the portfolio page. This being a WA settle up after close.
Will just a mere couple of hundred mil cover all the red ink out there ? ;)
Theoretically the ceiling could be all the issued shares @ $12 something - but there will be those outside the purchase period
or choose not to register / follow the claim .. ;)
How much do ATM have in the bank again ?
What's the max cover from insurers ?
Could Auditors get roped in as contributories ? ;)
Add a bundle of Advisors ?
What a potentially jumbled up expensive mess that could become ;)
Another Cap Raise needed to cover the all the carnage perhaps ? ;)