Yes GrahamCC it is a sad story.I don't understand why the Board,on their record,would think that diversification is the solution.Is it "We can't run PPX at a profit so let's try something else"? Perhaps next month we will get a "confession" in the form of an earnings update giving reasons for continuing failure.No wonder Mr Price is conducting his meetings.
February 2009 was a volatile month for PXUPA.They closed at $24.50 on the first trading day and $30.12 on the last trading day.On February 12 it was Open 15.25 High 15.75 Low 11.00 Close 15.00 on volume 4300.Next day after hitting a low of 12.05 they closed at 13.50.The next day trading after the weekend they closed at $28.00,so must have been a good announcement.
The buyer who was after 5000 at $11.16 completed his order today and PXUPA is now selling at $11.05.
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