Must say that I am shocked that this is even legal. The shares have been suspended for over 2 years and then these guys make up a price based on off market shares issued to ‘third parties’ to justify a wipe out. This reminds me of a scam about 15 years ago when this tool ( forgot his name) was offering elderly BHP shareholders a deal to buy their shares at a fraction of their market value.
If PSA management are so confident of Yemen production why don’t they wait for shares to resume trading that then do the buyback.
PSA Price at posting:
2.1¢ Sentiment: None Disclosure: Not Held
