Trying to work out the strategy behind this sell down myself downtown,
Doesn't seem to be shorters going off the daily gross short sales
You would have thought all the 1cent options are well and truly gone by now
Or is there a push to make sure the options don't get exercised to avoid dilution, That's the only thing I can think of, but in this day and age 2bill shares on issue and M/Cap over 2mill is pretty common now, So Imo that can't be it as we only have a M/Cap of around 30mill,
One thing we do know for certain and that is the company is in a much stronger financial position then it was a month ago, so that's good and
with Chris Kain recently painting a pretty bright future for PIL in his interview we can assume all is good there.
So your guess is as good as mine on the share price decline, maybe just market jitters
Hopefully be back up over 2.5 soon enough
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Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.84M |
Open | High | Low | Value | Volume |
0.7¢ | 0.7¢ | 0.6¢ | $1.402K | 215.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
30 | 17572757 | 0.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.7¢ | 1349745 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
30 | 17572757 | 0.006 |
14 | 11206433 | 0.005 |
8 | 17500249 | 0.004 |
5 | 7166670 | 0.003 |
5 | 14800000 | 0.002 |
Price($) | Vol. | No. |
---|---|---|
0.007 | 1349745 | 5 |
0.008 | 6140869 | 15 |
0.009 | 5974665 | 14 |
0.010 | 7746300 | 8 |
0.011 | 6329181 | 6 |
Last trade - 14.59pm 18/10/2024 (20 minute delay) ? |
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PIL (ASX) Chart |