Absolutely the ASX IPO was executed perfectly... for the handful of favourites who got the discount stock and more so for the PMET converters to CDI's. How much of the escrowed stock and warrants are going to keep getting dumped and smashing the price down over the next few months.
Looking in from the outside the IPO seems more like a sham. 700,000 shares equivalent for an IPO
PMT Price at posting:
81.0¢ Sentiment: None Disclosure: Not Held
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