So, how can Helius Theraputics do a marketing campaign for cannabis as a medicine, yet Promisia are under scrutiny for 'breaching the medicines act" ? https://www.newshub.co.nz/home/new-z...campaign.html?
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So, how can Helius Theraputics do a marketing campaign for cannabis as a medicine, yet Promisia are under scrutiny for 'breaching the medicines act" ? https://www.newshub.co.nz/home/new-z...campaign.html?
Yes I agree....and only last week Medsafe boss Mr Chris James said in response to his outfit loosing a court battle against a pharmacy in Wellington selling a drink, " we are always keen to encourage innovation". What a joke that place is. Dysfunctional and confused.
and there you have it..
https://www.stuff.co.nz/business/109...abis-billboard
Not quite dead yet. Just been thrown a life line... A bit of cpr .... SP UP 50%
PIL
23/01/2019 08:30
GENERAL
PRICE SENSITIVE
REL: 0830 HRS Promisia Integrative Limited
GENERAL: PIL: Confirmation of additional investment by major shareholder
22 January 2019
Confirmation of additional investment by major shareholder
The Directors of Promisia Integrative Limited (NZX:PIL) are pleased to advise
that the company's major shareholder, Brankin Trust, has advised that it
wishes to exercise its right to subscribe for an additional 250,000,000
shares at a price of $0.001 per share. The ability to subscribe for this
additional 250 million shares was part of the underwriting agreement entered
into between PIL and Brankin Trust for the rights issue that closed on 24
December 2018 and was approved by shareholders at a special meeting held on 4
December 2018. The 250 million shares represent shortfall shares not taken
up by eligible shareholders in the recent rights issue.
An Allotment Notice will be lodged when funds have been received and the new
shares have been issued.
This transaction will provide an additional $250,000 of working capital for
PIL and will increase the shareholding of Brankin Trust to 51.3% of the PIL
issued capital. On behalf of all shareholders the Directors thank Brankin
Trust for its support of the company.
For further information contact
Rene de Wit
Chief Executive
021 571000
End CA:00329709 For:PIL Type:GENERAL Time:2019-01-23 08:30:36
How is it possible that someone is able to place a sell order worth $3.00 and drop the share price 50%. If I tried that I would be getting a call from ASB Securities, who was this broker.
Why would you not be able to liquidate a position at the best possible price available? The quotes are very tight, as tight as they can get on this stock at this price. There is no better possibility than .1 before hitting the sell side.
It might be anything from an estate selling out or just someone getting rid of crumbs left over from a long ago purchase.
I see no problem with that trade whatsoever.
The question is for me... where to from here ? can a stock recover from .001 ? anyone who gets filled at .001 and sells at .002 makes 100% LOL