make your vote count, page-9

You are correct YellowMan. When D S largess was being doled out the highway between Albany and the office was in constant use to obtain favour, access to new security issues and the tip-offs you mention. Share holders who bought securities on market were belittled for paying too much.
Obtaining securities so cheaply and in large quantities has allowed them to be disposed of at low prices still very profitably. But this does help maintain the share price.
Unfortunately the same scene has been repeated again, the only variation is that a new hand is on the bucket.
The sell down from 2c has been magnified by shareholders, disillusioned with the ballooning number of shares on issue, voting with their feet, something that our intimidated directors will chose to ignore at the AGM today. The capital gain that should have occurred with the advancing drill program has not eventuated. Shareholders have realised they cannot make money because it is being swept into a few privileged pockets in ever increasing, and mind boggling quantities.
Tony Abbot's comment about the Victorian Labor Party, that they have been more interested in spin than in substance equally applies to PDY directors. In openly supporting the explosion in PDY securities for no reason other than the personal enrichment of a few they have badly damaged the share price, the companies' image, and their own reputation.
Disappointingly, because of the high level of apathy and the lack of knowledgeable share holders left to push for acceptable standards of governance, resolutions 4 and 5 the unprecedented issue of millions of options/shares, may squeeze through today, accelerating the exodus of long term believers in PDY.
Of one thing I am certain, their exit will be accompanied by the reputations of the board whose integrity will be mired worse than that of the past chairman they openly condemned.