WPG 0.00% 1.5¢ wpg resources ltd

Ann: Movements in WPG top 20 shareholders, page-41

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  1. 9,802 Posts.
    lightbulb Created with Sketch. 33
    Wolf, sure WPG is rather illiquid because of size and small trading volumes; however Pybar's dumping of stock (if indeed it is them) makes zero sense in any form.

    Dribbling out sales would take months but reap a much bigger return 40mX3.0c buys more stubbies than 40X1.9.
    Not only financial loss, but loss of reputation.

    Pybar's Australia-wide reputation is at stake; if companies think they will petulantly shaft a share price as a Pyrrhic act of revenge.
    I'm not sure what happened; but am puzzled by events.
    I truly hope that Pybar or any contractor would not engage in such unbusinesslike activity - more likely to be seen in a sand pit at kinder.

    My own action was to buy a shipload at 1.8 on Wed 4/10.
    I abhor disputes, especially when parties leave them unresolved, bringing in slavering lawyers to line their pockets.
    All imho.
 
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