The excellent cash flow report last week should be viewed in conjunction with the subscription in March by directors Mangle, Gregory and James of $900,000 for share placements at 14 cents. That took place about one week before the CPHC acquisition was settled on 7 April. It also occurred during a period of general market turmoil.
It was a first class vote of confidence in PHG by them. They obviously knew back then that 14 cents was a good price . So what does that make the current price of $0.09? Bargain basement! My next target.....$0.32
PHG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
