BM, not sure we can do much now as it is in the hands of Administrator. I phoned the company yesterday & asked many questions. It appears Suncorp was not a willing supporter past last Friday. The stupid decision may even cost them as they may now not get their full debt repaid, unlike if they had of waited a little longer. PTN did say they have some large shareholders & the board will be doing what they can to salvage the company with what is remaining. I agree that another RE should have been done some time ago. But I cant help feeling that Greed & incompetence got in the way & we (PTN) got caught in the middle of this.
PTN Price at posting:
4.8¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)