$2m plus the extra $2.4m, would mean we would still have $4.4m during the Xmas Season as you put it.
That's alot of money to see us well into next year.
Someone has been dumping at will, for some reason and is destroying the price. Its as simple as that. Once they have gone, it will head back up.
Hopefully they are close to done.
I think management will be looking into this, as this is not normal behaviour for POD.
As i mentioned earlier today. VWAP for the last 5mths inclusive was over 55c with 72m shares traded. Which is roughly the 25% float outside of the top 50 shareholders, who own 75%.
In a 2/3 days we have gone from 54c to 35c for no reason.
Its a shame the ASX doesn't ask the company why has the SP has fallen by so much.
If it was the other way round, we would have got a speeding ticket.
$2m plus the extra $2.4m, would mean we would still have $4.4m...
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