They literally bent over. They kept saying they would wait and could wait for a good deal for shareholders to emerge. But this is BS. I will probably be a seller when relisting. If it had been at 10c or even 9 c then ok but 7.5 devalues the company enormously. Wipes out current shareholders.
Anyway it is what it is. I think the writing was on the all when DYL PDN and BMN to name a few were hitting ATH recently and the SP of PeN didn’t really budge. Should have sold it then and waited for them to raise the cash first.
That is disappointing.
I know in the long term if it can triple from 7.5c then it will still be a good return from todays prices.
Need time to think about this. And is there better value elsewhere?
Ann: Trading Halt, page-45
Add PEN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
10.5¢ |
Change
0.005(5.00%) |
Mkt cap ! $326.6M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 10.0¢ | $446.8K | 4.291M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 67 | 4724256 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 2200061 | 22 |
View Market Depth
| Last trade - 12.01pm 21/10/2024 (20 minute delay) ? |
| PEN (ASX) Chart |