PHL propell holdings limited
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Oversubscribed?? Please..... It'll be an insider pushing the...

  1. dude342
    596 Posts.
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    12/05/22
    12:21
    Post #: 61365026
    Oversubscribed?? Please..... It'll be an insider pushing the price above the Entitlement Offer in the hope that someone subscribes.

    With Monday and Tuesdays close of 0.051 verses an offer price of .058 there couldn't have been too many filling out the paperwork this week. Participating in an entitlement offer to be immediately 12% down is generally not considered a prudent investment strategy.
    PHL Price at posting: 6.3¢ Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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