I dont know the answer to your question but there is a limit to how many shares (%) someone can aquire before having to launch a takeover. Also there are creep provisions.
In this instance I just cannot accept that a very small mining co could attract such massive funding to construct a port, without even securing a deal to develop their mine!
And without signing up deals with any other mining companies that may want to use the said port for exporting their own products.
This has scam written all over it, and the reason I mentioned previous share trading history is that someone has made a massive amount of money trading this stock, and lots of other people are about to be burned so hot their bank accounts will be in meltdown.
It's just impossible that PDY could obtain this huge amount of cash for a project that has been on again and off again for 25 years.
PDY Price at posting:
3.3¢ Sentiment: None Disclosure: Not Held
