PCK

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3.2¢ painchek ltd

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AIM80T

662 Posts.

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22/11/19

12:51

Post #: 41577807
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Originally posted by Shareviewpoint: ↑

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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I think you have nailed it.

For me the question is when will the handbrakes be released?

Sometimes i watch the SP movement and it feels like it wants to move higher but as soon as it gains momentum it get.s slammed back down.

From memory it was you that first posted about the 300mill MC rule. Thank you.

PCK Price at posting: 27.8¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 3.2¢		Change 0.000(0.00%)		Mkt cap ! $52.34M

Open	High	Low	Value	Volume
3.2¢	3.2¢	3.2¢	$4	122

Buyers (Bids)

No.	Vol.	Price($)
1	111363	3.2¢

Sellers (Offers)

Price($)	Vol.	No.
3.5¢	100000	1

View Market Depth

No.	Vol.	Price($)
1	111363	0.032
2	158934	0.031
8	1557000	0.030
4	9313448	0.029
2	125000	0.028

Price($)	Vol.	No.
0.035	100000	1
0.037	125000	1
0.038	29998	1
0.039	200000	1
0.040	50000	1

Last trade - 15.42pm 13/09/2024 (20 minute delay)

PCK (ASX) Chart

pck chart, page-1792

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pck chart, page-1792

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