POW 0.00% 0.8¢ protean energy limited

Ann: KORID Energy Global Licensing Agreement Update, page-28

  1. 1,414 Posts.
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    We were more than 80% down, and sold because a massive loss is better than a total loss.

    If you watch the depth, I am very convinced the large multi million unit purchase orders are by one or two people with specific interest in keeping the value of the company stable.

    I sold to them, 2600 in and 600 out if I recall. A major loss, but not a total loss.

    If it falls though, expect massive devaluation if they recapitalise or do a capital raise with "select institutional investors" (which means, they win, you lose, guaranteed).
    Last edited by theghostwithin: 28/02/20
 
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