Didn't RBS doa deal I late 2011? 2.1m @ 5.3c if I remember correctly. I think anyone could have got a piece of that action from what I remember - I did call the company and they put me onto the broker and I am pretty sure there was stock available weeks afterwards.
I decided to put more into ADO at the time instead which I guess has been a better relative performance but no star. Main reason I chose more ADO is relevant to PYC though - it was because they were very careful with their pennies and had 2-3 years of cash burn. PYC only reduced cash burn after the music stopped and got themselves into hot water funding wise.
Or . . . . An elaborate plan for dilution! ( I don't believe that - I think they were desperate but the terms they wrote themselves were beyond generous!
PYC Price at posting:
2.1¢ Sentiment: None Disclosure: Not Held
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