I think its just under the heading of people not understanding the market. Most of the shareholder who are in PGC would have had the opportunity to buy in @27c in both outcomes as there was unlikely to be a limit unless it got out of hand as the placement required a meeting then the 15% on roughly 38 million was always going to allow them to have an spp of around $1,5 million. Thats a big ask given the trading of the shares.
So anyone thinking they could wait until after the SPP to sell was dreaming IMO.
So someone or more with 100,000 odd sold into a saturated market. All the trades went through on open also a bad thing IMO.
You got a bargain IMO
Good luck may we all enjoy success.
PGC Price at posting:
27.5¢ Sentiment: None Disclosure: Held
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