psd going broke sell, page-3

PSD is definitely looking sick, after a placement of 40million shares at 27c, then the Pfizer deal the sp falls to a 52 week low. Drum up sale of 140million shares could only realise 16.5c/per share, not exactly attracting a premium.

However Top 10 share holders have been accumulating and over the last 5 weeks and have increased their holdings from 65% to nearly 70% and almost 78% of stock is held by Top 40. Thus only 22% is really out and about trading out of this stock. As the Top40 and particularly the Top10 are accumulating shares, small shareholders quitting the stock may be someones aim.