PGY 0.00% 2.0¢ pilot energy limited

why the sell off, page-4

  1. 9,785 Posts.
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    "Any ideas:

    Yeah, over 400 million shares were issued yesterday from the redemption of the convertible note. These were issued at 0.25 cents, so at 0.3 cents they make a profit and get to keep the options they were given for the ride.

    Another 375 million from the placement issued at 3.5 cents will hit later today or tomorrow.

    This is a six month play, so I am not worried about a pip here or there imo.
 
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