My take out was on this paragraph as I posted something similar some time ago.
"..... I also notice that the major shareholder Pala has handed their shares over to a thrid party. This is looking very much like a hedged stock lending agreement. If it is then it would have been shorted by the borrowing party. This being the case a major re-rating would occur once the shares are bought back to handed back to Pala. "
I said that PEN was not being 'shorted' on the ASX, as volumes reported were very low. However this type of agreement allows PALA to reap a revenue stream whilst 'renting' out their shares for a period.
This wold not appear as shorting onthe ASX reporting as PALA (the owner) is not shorting.
Your post reads like you have a little more substance than mine.
Can't wait for the reversal as they cover..
Linewiping..AH sweet distance memories ;)
Agree it's a buy, even more so.
M
PEN Price at posting:
2.8¢ Sentiment: Buy Disclosure: Held
