Oh, is that why my BUY was rejected
Printable View
Judging by the trading of the last 45 minutes some ones knew something as the S P went up some .40 + ?
Isn't that sort of overly high bidding extremely suspicious for insider trading especially right before a trading halt... Would think all those trades will get looked at by FMA
ASX
2 August 2022
NZX/ASX Market Release
a2MC notes and responds to media speculation
The a2 Milk Company (a2MC, the Company) notes a media article that has appeared online in the Australian
Financial Review today that suggests that the Company is nearing approval from the US Food and Drug
Administration (FDA) to allow a2MC to import infant milk formula products into the US and that such approval
could be received “as soon as this week”.
The Company wishes to confirm that while we have been informed by the FDA that our application is under active
review, at this stage there is no certainty as to the outcome of the application or the timing of any approval.
No conspiracy here, AFR published a couple of articles today, one was no contract with the largest corporate daigou in Oz and the other was speculating on an FDA decision possibly this week.
Market reacts, very quickly. Company calls a halt, to clarify situation. I reckon they know about the FDA decision but FDA haven't announced it, so company gives them a couple of days to announce before lifting the halt.
Could be wrong of course, but the wording on the TH notices and market release imply 'new information' is available that they can't talk about right now.
Good short squeeze yesterday. Longs need to keep the pressure on this morning.