what it boils down to is this..
if the placement happens at current price levels or lower, which is expected, then PDN management is deciding to sell 7% of the company for a price that the CEO has already stated grossly undervalues PDNs worth. So they are selling part of the company (without any shareholder consultation/disclosure) at a massive discount, but WHY?
How do you reconcile this decision? Other than to say it smacks of desperation?
Makes my blood boil, never seen anything like it.
trading halt ...., page-73
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Last
$11.77 |
Change
0.220(1.90%) |
Mkt cap ! $3.520B | |||
| Open | High | Low | Value | Volume |
| $11.40 | $11.78 | $11.39 | $24.55M | 2.101M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4694 | $11.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.78 | 4519 | 4 |
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| Last trade - 16.10pm 01/10/2024 (20 minute delay) ? |
| PDN (ASX) Chart |