I dont think its Barton. In the past he sold stock and bought it back from placements. See announcements. He hates to sell below his purchase price. Well the shareholders register will tell you in a few days. This leaves us to see what the underwriter has done the last two days. yesterday the 21st, according to appendix 3b the despatch of certificates took place. And yes, yesterday 1.869.728 options changed hands. Not so much today. But looking at the shs today and yesterday, 7.216.330 changed hands. Someone with appetite can probably buy a lot of options at 2cts and shs at 4cts. Not a bad investment decision. RBS Morgan wants their books balanced before the end of the year and wants to get rid of the PYC stock that they had to buy as a result of their underwriting commitments. If one still believes Nick Woolfe's statement that before the end of the year another deal would be sealed with one of the top ten Pharma's, then its a Buy
PYC Price at posting:
3.8¢ Sentiment: LT Buy Disclosure: Held
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