PRW proto resources & investments ltd

bergen overhang

  1. 8,344 Posts.
    lightbulb Created with Sketch. 844
    I assume Bergen is using Pershing, (Pershing it a hedge fund prime broker), Since 19 April when the appendix 3B was lodged, pershing has sold 21,000,000 shares at 0.3 cents. Note Bergen has 70 million shares issued to it, half at 0.2 cents, half at 0.4 cents. So with 50 million shares still overhanging from them there is absolutely no point paying above 0.2 cents unless you see that kind of volume trade...sigh...

    Anyway we are well overdue results from VIC and others, if spectacular results Bergen won't stop PRW rallying (PRW own 13% of VIC).

    GL
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.