For those who think the company has a story to tell and sell then its great buying and even better buying if you like a bit more risk in buying the PYCOA oppies with 12 months to run.
By the sound of it the company is going to use the money to ramp up its research and collaboration with the big boys and now one wants to do money with a company that has no money in the bank......
I think its a good move and believe that the fact that the largest shareholder and company director sub-underwritting the issue and taking up his fill allotment gives a big signal of where PYC could be heading in the future.
The Oppies (PYCOA) look pretty tempting for a bit of a punt with the 12 months to run so i was in for a few today and look forward to grabbing a few heads in the raising.
Good luck all.....
PYC Price at posting:
1.3¢ Sentiment: Buy Disclosure: Held
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