Perhaps I have got it totally wrong and or my maths is shonky but, IMO andyou may well have noticed it yourself, there seems to have been a supply side drivencompression of the PCK SP, which is particularly noticable at Market day's end, it seems, IMO, to me that the "Composite Holder/Operator"@ PCK has done mainly an excellent job of not allowing the SP to breach the $300m MC.
Lookingback over the last couple of months with PCK SP’s over the Vested ShareQuantity perhaps you can also see a pattern for the SP beat downs where PCKwould have been in breach at the following SP’s.
-915,155,279 shares (as at 14/10/2019) @ SP circa $0.328 per share then (add30,066,052 shares).
-945,255,279 shares (as at 02/11/2019) @ SP circa $0.318 per share.
Accordingto PCK Ann Appendix 3B released today 22/11/2019 (add 90,198,155 shares) now thereare:
- 1,035,522,400PCK Fully Paid Shares where @ SP circa $0.2897, PCK would be in breach of $300mMC.
I amconcerned because if “another” 10% of PCK shares were “Approved” at the 2019PCK AGM by the shareholders does this mean the Composite Holder/Operator willnow “be forced” to keep the PCK SP down by another 10% to sub circa $0.2691 tokeep the MC under $300m?
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Last
3.8¢ |
Change
0.002(5.56%) |
Mkt cap ! $62.16M |
Open | High | Low | Value | Volume |
3.8¢ | 3.8¢ | 3.8¢ | $14.48K | 381.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 191000 | 3.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.8¢ | 100000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 191000 | 0.037 |
1 | 200000 | 0.036 |
1 | 150000 | 0.035 |
1 | 323529 | 0.034 |
4 | 378698 | 0.033 |
Price($) | Vol. | No. |
---|---|---|
0.038 | 100000 | 1 |
0.039 | 166000 | 2 |
0.040 | 200025 | 2 |
0.041 | 64192 | 2 |
0.042 | 306028 | 4 |
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