Good point alluded to Trees, what is PALA thinking? Clearly they are unlikely to have exited as we would have seen this by now.
If I can observe that, with 200million PEN shares traded yesterday and nearly 80million today, you are looking at a huge divestment from the speculators (and the weak willed for mine), but still we see high 7c as the price. Sure, it has migrated back from 12c last week but I would have thought that if there was a real lack of confidence, the price would be back at 2c with no buyers - but it isn't. It is stil at the price it was around Christmas time, just three months ago.
There is a reason for that - confidence, exhibited by the fact that someone (or two) has bought 280million shares is the past 24 hours. I don't see anything to worry about.
PEN Price at posting:
7.6¢ Sentiment: Buy Disclosure: Held
