The rejected US fund was announced by PSY on 16th Jan 2014. Closing share prices on 16th Jan and 17th Jan 2014 were $0.099 and $0.110 respectively.
The director's shares were sold on....... at ...... When and what was the price? It can be easily computed from Appendix 3Y. How?
Extract from Appendix 3 Y
On page 16
Number of shares disposed: 1,350,000
Number of shares acquired: 16,667
Number of shares disposed (net) = 1,350,000 - 16,667 = 1,333,333
On page 17
On market trades for net aggregate of $145,986.65
Unquoted
Average price per share disposed = $145,986.65/1,333,333 = $0.109
If the details of the rejected US fund proposal were disclosed on 16th January 2014, what would happen to the share price? IMO: The board should let investors to make their informed decision.
Information asymmetry?
Is it in the interest of all shareholders?
Please make your own conclusion
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Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.796M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 166666 | 1.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.4¢ | 100554 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 166666 | 0.012 |
2 | 1421025 | 0.011 |
3 | 448000 | 0.010 |
3 | 378151 | 0.009 |
2 | 190682 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.014 | 100554 | 3 |
0.015 | 211149 | 3 |
0.016 | 97844 | 2 |
0.017 | 250000 | 1 |
0.018 | 418098 | 3 |
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