That's right tutes, a noose around the neck.
If I was PALA I also wouldn't want to be in this position - killing off any demand by selling the supply you have to move to exit - catch 22 situation.
Logic suggests a speedy outcome serves both parties....just a matter of the price to be paid.
Logic also suggests that if they know some big announcements are "imminent" then they may be able to sell into a rally at a much better price than they may get in an off-market transfer. Given last contact with the PEN board was Barton late in 2013 I doubt they have the inside line anymore.
It's also possible another party is suppressing the price to ensure the vwap over time stays in a place that suits.
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Open | High | Low | Value | Volume |
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2 | 300000 | 0.097 |
4 | 443332 | 0.096 |
13 | 962304 | 0.095 |
3 | 837848 | 0.094 |
Price($) | Vol. | No. |
---|---|---|
0.100 | 983486 | 7 |
0.105 | 9302657 | 49 |
0.110 | 3892792 | 38 |
0.115 | 3381918 | 21 |
0.120 | 5128739 | 34 |
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