re: a question to the forum ... andrew
Howdi guys,
StockDoctor's comments related generally in one way but specifically to the PHL float.
Reading this thread clearly there has been no research done into the specific PHL listing.
The float was oversubscribed so that rules out underwriters dumping surplus stock. The other large 'new' holders of stock were the dental surgery vendors who recieved scrip so its unlikely they were sellers at a 20% discount (and I suspect they are escrowed anyway.)
Some research rather than some quality guesses would be of far better use to everyone in this discussion.
Clearly there are some people who would be keen sellers.
Previous PUL sellers who have already lost a fortune and either just want out after the long suspension to crystalise the loss are one.
Creditors to PUL who recieved scrip in th new float in liu of payment and now would prefer or need the cash asap are another.
