The problem is this should never of traded!!! but it did. Problem for the ASX is they obviously didn't read the announcement and they let it trade, Problem is the ASX admitted this should have not traded, hence the trading halt 4 hours later. Yes PDY management are at fault here don't get me wrong but the ASX has a duty of care for any listed company to disclose where the money is coming from end of story especially $6.4b from a $60m penny dreadful.
PDY Price at posting:
3.3¢ Sentiment: None Disclosure: Held