Perhaps I have got it totally wrong and or my maths is shonky but, IMO andyou may well have noticed it yourself, there seems to have been a supply side drivencompression of the PCK SP, which is particularly noticable at Market day's end, it seems, IMO, to me that the "Composite Holder/Operator"@ PCK has done mainly an excellent job of not allowing the SP to breach the $300m MC.
Lookingback over the last couple of months with PCK SP’s over the Vested ShareQuantity perhaps you can also see a pattern for the SP beat downs where PCKwould have been in breach at the following SP’s.
-915,155,279 shares (as at 14/10/2019) @ SP circa $0.328 per share then (add30,066,052 shares).
-945,255,279 shares (as at 02/11/2019) @ SP circa $0.318 per share.
Accordingto PCK Ann Appendix 3B released today 22/11/2019 (add 90,198,155 shares) now thereare:
- 1,035,522,400PCK Fully Paid Shares where @ SP circa $0.2897, PCK would be in breach of $300mMC.
I amconcerned because if “another” 10% of PCK shares were “Approved” at the 2019PCK AGM by the shareholders does this mean the Composite Holder/Operator willnow “be forced” to keep the PCK SP down by another 10% to sub circa $0.2691 tokeep the MC under $300m?
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