Saw this a mile off. As soon as it was revealed that PRL had...

Saw this a mile off. As soon as it was revealed that PRL had issued shares to S3 Consortium (Next Investor, Wise Owl etc) in exchange for positive press coverage in their investment newsletters, it was virtually guaranteed that they wanted to pump up the share price for purposes of a Capital Raise.

Not exactly hiding in their disclaimer either:
S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that we may have a conflict of interest that could affect the objectivity of this website's content.

PRL is trading at a crazy valuation right now, with roughly 1 cent per share worth of net assets, compared with a share price around 17.5 cents, so it is the perfect time to raise capital.