It looks like the SPP may not be fully subscribed unless the company comes out with some fantastic news in next two trading days. Unless there is new news ( the news about Brazil applications have already been done enough times), there is a high chance that share price will dip below 7 cents. I have strong faith medium to long term but just be realistic that short term the price won't gain traction for next few months as close to 60 million new shares plus 46 million from convertible plus 15 million from options ( if these stay in money). The company will have close to 400 million shares come 30th June 2016.
PHK Price at posting:
7.3¢ Sentiment: Buy Disclosure: Held
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