PYC 8.33% 13.0¢ pyc therapeutics limited

You're assuming that AT bought $5M worth of shares at 10.25...

  1. 515 Posts.
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    You're assuming that AT bought $5M worth of shares at 10.25 cents from someone who bought them at 8 cents in an off market trade ... I don't think so some how, especially when he could have bought more at 8 cents in the cap raising.

    It would be more plausible that the 50M plus the two block trades for 20M were from a friendly party that wanted to reduce their holding but did not want to put them on the market.

    Buy hey that, plus some of the large cross trades of late, the increase of the on market buying and the small share holder sale (which in effect is a share buyback, and who knows how many shares that equates to) ....can only mean (to me at least) that the confidence from within the company MUST be overwhelmingly positive and that serves well for all shareholders.

    Have a great weekend

    DYOR and all that stuff
    Last edited by actionnaire: 24/05/24
 
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