I asked people last week what was so disgusting about pattos and why many posters consider them dodgey and noone replied
Mitzu, pattos are notorious for pump and dumps. It's not a secret. Do your own research and you will see for yourself. Now that doesn't mean it's detrimental to a comapny's long-term health, it just means that most of the stock that has been issued to their clients is likely to flood back on the market pretty quickly. Just creates short-term overhang that's all. Saying that, the issue wasn't large and based on volumes recently being experienced it should be absorbed pretty quickly.
Pretty happy with today's price action but the shares haven't been issued yet. The real test will be once the shares are issued. Any positive announcements may hopefully counteract any selling pressure.
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