Now it is 0.5c (avg), so 3.8c-0.5c = 3.3c loss (on avg) X 200m shares = $6.6m need to recover Plus legal cost... (my estimate $6-10m total)
Director's insurance claim may have clauses eg announcements must be review by lawyer. So PDY's director insurance may not pay since Gary made that announcement on 11/4 "did NOT review by company's lawyer(s)" (according to media article).
IMHO it is very dangerous to hold stock.
On 11/4, most were daily traders not long term holders. I would not be surprised they already sold at massive losses, they don't care about current holders.
Just IMHO.
PDY Price at posting:
0.5¢ Sentiment: ST Sell Disclosure: Not Held