Share
clock Created with Sketch.
15/04/16
22:34
Share
Originally posted by aaronsaunders
↑
If PSF decided not to exercise their option to purchase, they wld lose $250k for starters and face a giant class action from share holders. They only have $2.4 mil in the bank - they would be destroying themselves.
There is no basis to this rumour. If its from a broker, they could be wanting to crunch the price. This stock in particular is very much driven by retail sentiment.
I'd take this as a sign some broker wants in at a cheap price.
NOM delays. To be honest, these guys run lean. The CEO is literally non stop doing deals in several countries, conf, CNBC, etc. Its likely they are run off their feet and want to capture market rather, far more lucrative to write up useless prospectus etc considering they have canceled the CR anyway. If I were in GG's position it would be least on my list of things to do, and prob keep push it out while the fire is hot with telcos.
No need to stress!!
Expand
Boomorbust's bad intention is very obvious based on the following facts:
- Not holding any stock in PSF
- Never ever posted any view on PSF before this rumour
- Created this post to have fun.