i dont think they have the cash to stump up another 30%. Not all of them. And there is the risk element, as those 5 names are already overweight +++ and no smart businessman would think that was smart. This could fail yet and then they’d be worthless.
The more important fact is as they have 60% it stops a major coming in and getting the whole company for 8c as could be the case. Most of the names would want 30c Or more as time goes on from the discussions i have had.
I have a few more than I should but have no reason to sell any anytime soon.
PYC Price at posting:
7.0¢ Sentiment: Buy Disclosure: Held
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