the selling is somewhat contrived IMO and so is the selling prop at 48c today that is being moved down with the price.
Management were very naive with their placement. I've found out some interesting info on this party that management should have done their own DD on before going down this track. What's required is a decent corporate adviser that can manage the aftermarket properly and attract a balanced register. The Shaws & Patersons of this world should not be considered for this strategic role IMO as they lack credibility with the big end of town.
I'll become ultra bullish when I see management taking corrective action with the register. I plan to speak to them next week directly about this when I'm back on deck. For now a share placement to retail holers is not helpful IMO. Peer base fundamentals are outragously positive but poor management can and will hold any company back more often than not.
MT to LT hold required here IMO. Allocate your capital accordingly
PEK Price at posting:
44.1¢ Sentiment: LT Buy Disclosure: Held
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