No dude, there are nothings that has indicated to me that the boards have sold out to pll. However our bods have proven time and time that they are terrible at communicating.
If you have been following pll financial as I have, you would have realised that they are in no position of buying, and if they are not careful with their finances, they might not even have enough money for their contribution towards the 25% capex which they’re liable for. Remember they recently had to sell down their assets just to raised around $50m, so that simply tells me their cash run rate is not looking good.
There are forces at play, when a simple announcement can raise a company share price by 40%, you have to wonder who/why or which entity is responsible for it?It’s good to have powerful friends in high places I guess, and I am not referring to Howard Klein
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Mkt cap ! $463.1M |
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23 | 4703261 | 0.043 |
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Price($) | Vol. | No. |
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