Nothing wrong with taking a profit at all Humble69
I wholeheartedly agree with you btw!
Personally I would not give them the opportunity to do it immediately after being given an opportunity to invest.
Theres a thing called perception. Imo its not a good look. A few of us were quite surprised when CBA decided to lighten so soon after being awarded them.
I wonder if PLV Board would have been happy with CBA selling down a few 'so soon' after being handed them?
I betcha they weren't.
And you are incorrect. Not just anybody could have bought those shares at 57 cents...as only sophisticated investors were gifted the opportunity. They were heavily discounted after the share price had rocketed to intraday 90 cents.
Not a criticism of management at all as they are doing the job well. Just a statement on FACTS.
Just my opinion of course and very comfortable with it.
PS Its not being paranoid if they really are out to sell you down...and i'd suggest they..whover 'they' are ;)
Good to see some difference of opinion happening here...makes it all the more interesting.
PLV Price at posting:
93.2¢ Sentiment: None Disclosure: Held
