$1.30 is a good price on the profit I will make, but not a good price to be paying for this company. $1.36 will get me financial independance (completely debt free), so I probably would accept $1.40 also...
I even think management couldn't sneeze at $1.40. I know its their baby but that is what happens when you go public..
Maybe putting $1.30 on the table might have brought about a price of $1.40 depending if any other company was also looking. Maybe we will never get to find out, but something must be up for the share price to move that much that quick.
Just that little bit more CAPE, just that little bit more.
Cheers.
Geoff
PCG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
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