Life at The Top novel Chapter 895

Just as countless investors and funds began to feel afraid from the large drop in Sena’s share price, the Nasdaq Exchange published three official statements in a row.

The first was to inform all investors that Sena’s share price was currently undergoing extreme oscillations and were highly risky. Thus, investors were reminded to invest cautiously.

This was essentially an official statement of utter nonsense. It served no purpose other than to remind people of its existence.

The second statement was that Sena had already applied for a special procedure with the Review Committee due to major asset restructuring. As of that moment, the Committee was currently reviewing Sena’s application to ensure that it complied with Nasdaq’s trading regulations.

When they read this statement, many people let out an unsurprised smile.

Sena had indeed panicked at such a time.

There were only so many outcomes when a public company applies for a major asset restructuring with the exchange center.

There was a ninety percent chance that Sena was making preparations for a trading halt.

After all, when a public company goes through asset restructuring, it was not uncommon for it to experience a trading halt for a few trading days.

This was a reasonable request.

Considering Sena’s current situation, everyone could tell that Sena was unable to endure the plummet in share price and had chosen to halt trading to prevent further loss.

The more experienced and skilled traders began to shake their heads at this. They wondered if something was wrong with Sena’s decision-makers.

It was evident that investors in the market currently lacked trust in Sena, and this lack of trust was the reason for the drop in share prices. Yet, instead of releasing good news, Sena had decided to avoid the battle. This would only shatter the trust of the remaining investors who still had any faith in Sena.

Applying for a trading halt would only result in even more severe consequences, with more investors losing hope in Sena.