At end of today's trading there have been some 119.1m shares traded so far, about 20% of all shares outstanding. All traded at less than the Float price. Can someone explain why anyone would subscribe for these shares at 89 cents and then sell them for an immediate loss as soon as they float??? Is it possible some shareholders got theirs at less than 89 and are looking to make a profit now they can trade them??
PLG Price at posting:
81.5¢ Sentiment: None Disclosure: Held
