So wait.. retail takes up 82% including those that asked for additional new shares and they still scale it back to give it to... the underwriters? Couldn't throw retail a bone to save their life? Much better to keep as much stock away from us pesky retail holders as possible and give it to the underwriters so they can flog it on the market for a quick buck. Welcome to the PAL express where management treat retail with contempt and impunity. Yeehaaa.
PAL Price at posting:
85.5¢ Sentiment: Buy Disclosure: Held