Thanks Richard, I will get back to you on that matter
Today, summary comes down to 2 transaction identified. The one with 2894 shares belong to a guy in New Zealand, date of entry 12/12/2018. The one with 11 650 shares also belong to a guy in catering business in Western Australia with date of entry 24/10/2018.
Good news is that they sold down on market so it doesn't get to RG. Also, by the core of top 200 holders, I assess that many of them belongs up here on HotCopper. Give it a proud of yourself belonging to the biggest remainder group of Pact shareholders hehe.
Not so good news is that, to the public, general speaking, many of them out there struggle with the inflation and interest rate and fighting alone without support.
They held on to this stock since 2018 so must be a sad decision for them to sell on the market. Regardless of either RG's or Manipur's view, the public really need a fair answer from TOP. It is no right or wrong answer here from my opinion, but I think TOP needs to favour Manipur more because RG is a bidder. With no victory secured from either side, the only victims today are those 2 transactions above. Too late for those 2 unless they buy it back somehow on the market.
Just my opinion.
P.S There were some sales after the bell, with the 5555 shares is very close to the registry of some small investment fund in Melbourne with 5556 shares in it and 392 shares belong to a guy in Tasmania and 20000 shares belongs to one of the 23 register on Pact. Just my guessing. It reflects that a minority number of people out there are very tired of holding without getting the answer to their investment and they gave up. I am thinking they misunderstood the situation that many of us now trying to accumulate shares by buying just a bit higher than RG's price. That's what those insto nominee accounts do everyday anyways, they sold down and now tried to accumulate it backward while pushing pressure on the sell wall.
Like I said, there is no right or wrong, just my opinion and the number coming out from those transactions made me think like that.
PGH Price at posting:
84.5¢ Sentiment: Hold Disclosure: Held
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