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[sharechat] CGB - Huh?


From: "Mark Hubbard" <mhubbard@es.co.nz>
Date: Thu, 25 Oct 2001 15:34:53 +1300


Trading in Chrome Global was halted on the ASX two days ago. Yesterday the
company, with some of my money :( went into administration. Yet, $100 worth
of shares at 2 cents have just been traded today on the NZSE.

How does this work? A) shouldn't CGB be halted here also? B) How can you
trade in a company currently under administration? C) Can I trade my shares
today on the NZSE also? There seems to be a buyer at 2 cents still. D) Who
buys shares in a company in this state anyway ????


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