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maybe they were in court as the ruling came and called the nomad from the gents??? or the Herrenzimmer
thats my hunch too
Have been prepared and just need to add the finer points.
Said Monday this morning but changing to this pm.
An RNS will come soon but not necessarily today. With the stock now suspended nobody can trade so the directors can take their time to prepare a detailed RNS. If stories leak in the press then that's just tough nobody can trade.
shall we start a sweepstake i'll take 7am Monday
as to how long this suspension will last?
Interesting that nobody on the board guessed or mentioned a suspension.
Don't imagine for one moment the suspension has come out of the blue. The directors on the advise of the nomads would have always been planning to suspend the stock once the outcome of the court proceedings were known. There would not have been enough time to write up a detailed RNS before news was disseminated to various parties surrounding the restructure including traders.
exactly JLF,so the court procedures are done,now just need to announce!! and you are right they don't want any insiders to trade!!
Really?! Do you have insider knowledge?
But you knew what would happen,your broket told you!
maqsood7 What it says is that the directors are going to receive the recommendations made to the court today. It does not say another RNS will be out today. Though I am inclined to agree with you it won't be long before shareholders receive further news. The business press attend court hearings. So if its not today it'll in press today or tomorrow. But the main thing is to stop anybody including the directors trading before the news has been announced to the markets.
suspendid
If like Fte it opens higher,i will not listen to you saying it should be 0.50/0.60,i know you will have already sold at 0.38!LOL
JLF read the middle paragraph again.it says that court recommendation today!! means decision has to come,or maybe is already out and they don't people to trade!!so expect another rns very soon!!
they did the same thing in fte,suspend the shares and when open it was way higher than the closing price!! hoping for the same here!! if news is good opening price will be very interesting!!
All suspensions are temporary so it does not mean the stock is coming back. However in this instance I am inclined to think KNIGELK is correct. The reorganisation recommendations announced to the court are now public knowledge for those involved. However the markets are unaware as yet so the stock is suspended to prevent market abuse.
Thanks. Thought a bit of humour to lighten the mood.
""Directors are expecting today to receive the recommendations to the Court from the Chief Restructuring Officer on behalf of the creditors' committee concerning the resolution of the restructuring process"" so the actual news to come later on,this is good,sideliners are out eitherway!! good or bad!!but hoping for good here!
Slightly OTT? very funny regardless :)
Being positive - maybe they were worried about a leak and sudden share price movement? Not long to wait either way...
its a temporary suspension so they are coming back with court recommendations for the subsidary.... maybe they'll get a 250 bill euro bail out??