PLA 0.00% 6.7¢ platinum australia limited

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  1. 9,503 Posts.
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    Hi Craig,

    With shorting being allowed to keep sucking money out of the stockmarket day after day, this is the result what you get.

    This company is now worth less then $40 Million and only possible because of the constant shorting and downward manipulation of the hedge funds and so called investment banks.

    In the meantime this practise will make sure that vulnerable companies are going faster down the road of becoming bankrupt.

    It does nothing , but damage the stockmarkets, and if looking at the big picture slow down economical growth.

    We can only hope that our regulators will eventually ban the practise of shortselling, but since the power in these days is in the hands of the big financial institutions, I do not see this happening soon.

    Only a white knight can save us now , or some real upbeat news coming from PLA regarding production increases and that the Smokey Hills operation has become cashflow positive.

    jojo
 
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Currently unlisted public company.

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