Perhaps I have got it totally wrong and or my maths is shonky but, IMO andyou may well have noticed it yourself, there seems to have been a supply side drivencompression of the PCK SP, which is particularly noticable at Market day's end, it seems, IMO, to me that the "Composite Holder/Operator"@ PCK has done mainly an excellent job of not allowing the SP to breach the $300m MC.
Lookingback over the last couple of months with PCK SP’s over the Vested ShareQuantity perhaps you can also see a pattern for the SP beat downs where PCKwould have been in breach at the following SP’s.
-915,155,279 shares (as at 14/10/2019) @ SP circa $0.328 per share then (add30,066,052 shares).
-945,255,279 shares (as at 02/11/2019) @ SP circa $0.318 per share.
Accordingto PCK Ann Appendix 3B released today 22/11/2019 (add 90,198,155 shares) now thereare:
- 1,035,522,400PCK Fully Paid Shares where @ SP circa $0.2897, PCK would be in breach of $300mMC.
I amconcerned because if “another” 10% of PCK shares were “Approved” at the 2019PCK AGM by the shareholders does this mean the Composite Holder/Operator willnow “be forced” to keep the PCK SP down by another 10% to sub circa $0.2691 tokeep the MC under $300m?
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Perhaps I have got it totally wrong and or my maths is shonky...
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Mkt cap ! $49.07M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 43275 | 2.9¢ |
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Price($) | Vol. | No. |
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3.0¢ | 1255935 | 2 |
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No. | Vol. | Price($) |
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1 | 43275 | 0.029 |
5 | 1354635 | 0.028 |
8 | 1053639 | 0.027 |
3 | 365422 | 0.026 |
3 | 3000000 | 0.025 |
Price($) | Vol. | No. |
---|---|---|
0.030 | 1255935 | 2 |
0.032 | 24900 | 1 |
0.033 | 410208 | 3 |
0.034 | 5874 | 1 |
0.035 | 40000 | 1 |
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