Pdy was meant to release further information to the public about details of the shareholder agreement and the deal, parties involved and where the 6.4bil was coming from and when it was comming . This information was sent to the ASX was it not, however they specified that it was insufficient and more details were required, then we were told we had a date of early this week , mon , tues or today for the ann to come .
So today the release to us is that the deal is terminated.
If this wasnt clear grounds for suspicious activity then i dont know what is, we as traders cant be treated like some kind of door matt for the professional crims to step on or feed off no matter what the amount , we may learn our lesson , who's going to make the others learn theirs.
We have the right to see the details of the deal, What was the agreement that was terminated? where is the full disclosure of the deal and the details of where the money was comming from?
PDY seemed sure enough to release that they had secured the funding on the 11th of april, What kind of information were they given to prove that the funding could be met and did they act in the best of shareholders interests by checking the validity of the deal and parties invovled.
PDY Price at posting:
3.3¢ Sentiment: None Disclosure: Held
