Frankly, I am having trouble with your chronology (order of...

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17/02/21

19:39

Post #: 51092698
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Originally posted by The Guatemalan: ↑

Has anyone noticed this sentence -in Next Small Cap’s (“NSC”) promo email to its subscribers - at 9.59am today:

“Hencewhy we are excited about our early stage investment “in PRL’s Zero CarbonHydrogen….”.

To me it implies that they – NSC –came to know about this project as late as the last trading day – i.e. lastFriday 12 Feb. – the day before the Co. announced its Trading Halt @ 9.45am on Monday 15^th Feb.

You will also see in the Co.’s Ann.today that Viaticus Capital (of whichco. PRL’s chairman is also a Director) has subscribed $450,000 (i.e for 30m shares @ 1.5c each) = to 1/3^rdof the “strategic capital raising” of $1.35m – which issue was “heavilyoversubscribed….”‘.
Hence the balance – of $900.000 –was raised from professional & sophisticated investors, (PSI’s) also prior totoday, the day trading resumed after the Trading Halt.
Does anyone wonder whether NSCcould have been 1 of these? How else could they have made an investment in this“out of the blue” project, that the investing public knew sfa about until after10am today?

I wouldn’t like to be one of the “averageJoe” s/holders who sold their shares last Friday @ between 2.2c & the high &close of 2.6c – a jump of 0.3c a share on the day, on a 12.5m t/over, thehighest daily t/o since Jan 29th, if they were savvy to everythingI’ve said above.

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Frankly, I am having trouble with your chronology (order of events).

Having said that in another thread I raised a number of concerns. The share price rose 5 times today with an immediate rise of 3 times. Yet all the indications are that the Company was not expecting this rise (i.e. issue of performance shares at 1.5 cents).
Some (but not all ) of the share issues are subject to shareholder approval; and I am hoping there will be some renegotiation. Where I think you and I are in agreement is that some of the issues should be looked at by ASX. I am hoping there will be a 'please explain' letter by ASX in the next few days.

PRL Price at posting: 14.5¢ Sentiment: Buy Disclosure: Held
3 Upvote

1 Great analysis

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