Pulse Health up 15% in the last couple of days. From what Ive heard the AGM isnt going to be plain sailing, with several major shareholders unhappy with the board and Directors being removed planned and others being appointed.
Jamie Schwarz is being put up. He works with Mark Bouris, (the Yellow Brick Road and Wizard Home Loans one.) Needless to say the major shareholders cant be ecstatic with a health sector company turning over 37million plus, making a profit and yet trading at less than 4 cents. Certain large shareholders also arent happy that the board has resisted the normal process of decent PR opportunities relevant to such a great turn around story. After all it was was 6c last December just after it announced a loss of several million and its 4c now with a profit! (?) The only winners here of a 4c sp will be whoever takes the placement needed when the acquisition so long promised by this board finally materialises. I suppose a board room struggle will at least get the PR and news flow going again, which at these prices should attract plenty more buyers.
Watch the AGM results. Could be interesting!! ;o)
SV
PHG Price at posting:
4.1¢ Sentiment: LT Buy Disclosure: Held