There's no doubt in my mind that PYC sold their equity too cheaply.
Whether that was a result of BTC capping the price with it's planned disposal, who knows. Timing certainly wasn't great.
How it impacts ordinary shareholders depends on what they plan to do with the $'s, convertable notes, Phenomica, etc...
I for one am optimistic I will do well out of my holding, but perhaps not as well or as quickly as I would have if the equity wasn't dilluted as drastically as appears to have been the case.
Time will tell. We still don't have enough information about their short-term strategic thinking or transaction book.
There's no doubt in my mind that PYC sold their equity too...
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$1.30 |
Change
-0.025(1.89%) |
Mkt cap ! $755.3M | |||
| Open | High | Low | Value | Volume |
| $1.32 | $1.32 | $1.30 | $478.1K | 365.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2000 | $1.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.32 | 10000 | 1 |
View Market Depth
| Last trade - 16.10pm 25/07/2025 (20 minute delay) ? |
| PYC (ASX) Chart |