I agree and disagree...Look at the number buy and sell...

I agree and disagree...Look at the number buy and sell shares...10 to 1 ratio...There is still hope for PBD.

As for the 58% take-up...That Entitlements Offer is only for existing shareholders on a 4 to 1 rights offer - NOT a public offering. If you bought into PBD before the collapse, you will definitely be caught with negative sentiments and ask "why on earth would I take up my offer?". But if you come in now, it's a different ball-game.

I would assume that the Underwriter will try dump all of the shares on the market for 1c, but with the trade volume today, 1 buy order totalled 50M shares.

Watch this space...