Monday (17 March) it will be 21 days since PER received the notices from PVL . Or if it is 21 "business days" then they have an extra week to 25 March. Either way an EGM needs to be called very soon. I dare anyone to google the 3 alternative directors PVL is proposing, 8-(, they make Gennadi look like Jeff Bezos . PVL doesn't been even "pretend" they have any plans for PER outside of taking its cash . They could at least pretend..
The $2 million from the PVL capital raise settled on Wednesday, so they could potentially buy another $1 million in PER (10% of PER) to buy the vote , they can be sure to get Gennadi/Peters votes. But they already have too big a position I reckon. Very surprised they havn't cancelled their EGM after the catastrophic & deeply embarrassing Gennadi EGM outcome (zero votes for Gennadi basically) , fascinating to see what they do from here
I'm playing the 0.014 to 0.008 technical/fundamental range for now, but staying long
PER Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held
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