Rupert, the ticker is PEBRF, last traded 2.6 cents per right, if you wanted to sell them. Or, you could pay the 10 cents by accepting the rights, and have a smaller position......make your own mind up though
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Rupert, the ticker is PEBRF, last traded 2.6 cents per right, if you wanted to sell them. Or, you could pay the 10 cents by accepting the rights, and have a smaller position......make your own mind up though
Dont be staggered Dentie, I have been looking to dump these shares for a while so it wasnt really a spur of the moment decision. It probably just came across that way in my post. I initially believed in the potential of the company but I lost more and more faith in it as time went by. I have no faith in it now I am so pleased to be out and invest my money elsewhere. All good :)
Now why would anyone buy the head shares at 13.5c when they can pick up the shares via the rights at 12.6c? Why pay 7.1% more?
Underwriters attempting to hold up the sp so they do not end up sucking on too many?
Thought they would be chomping at the bits to get all the ‘cheap’ shares at 10c via the shortfall. :D
Interesting read.
https://centralpennsylvania.mdnews.c...rological-care
I can relate (through some other businesses I'm involved with) in that there is often trial programs required in taking new tech to market (so they aren't going to stop) but your earlier pipeline ones should really be coming through now..... great big fat pipeline of opportunity but nothing coming through the other end....
Great arbitrage opportunity if you are a PEB holder and want to continue to hold.
You can sell your shares at 13.2 cents and buy back those shares simultaneously at 11.6 cents. That is almost a 13% instant gain for those that want to take it up. Strange times when the market is inefficient.
Not inefficient imo.
SP clearly being held up by the underwriters on the one hand, and rights getting sold down as the last of the believers decide they are not going to put any more money in.
If the directors and management are not putting their money in and may instead be even selling their rights (past examples), why should anyone believe their BS about how pleased they are to offer yet another wonderful opporunity to buy ever cheaper shares!