The magical $6.4 billion dollars.. Now you see it now you don't.
In my over 20 years of watching and playing the market this is the most comical situation I have ever observed for a penny stock.
Unfortunately what has happened here will also have the effect of painting some other penny stocks in a bad light, especially if no one is held to account. If it happened at PDY then what's to stop it happening at another company ?
The ASX or ASIC at the very least needs to come out and show some guidance on this or they risk loosing more customers.
I hope those that have been burnt by this shocker can move forward from this and will one day be able to look back and have a laugh themselves at what has transpired here.
Ann: Deed of Termination and Release , page-100
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