This is what PL*PL management failed to understand. They did not give investors a chance to influence the stock pps and R/S decisions now they are about to sit back and watch all that energy that could have had that stock trading well over .05 Cents right now go into another stock......
That’s just bust a gut funny. How stupid of every trader not to realise that the CEO with all his millions in ready cash and sound business strategies decided to buy up a HUGE chunk of the float leaving the tradeable float at about 36m shares just to then sell shares in the open market.
That figure has been worked out by Bmoe on Twitter who’s even been posting on iHub again this week after a long break!
Everyone knows as Scalpit (also on twitter) has reminded everyone, that insiders who buy shares, even if it’s in the open market cannot sell them for 6 months. They can’t day trade them for short term profits like some have made a career out of!
I’d not be surprised if the CEO converts his entire holdings into preferred shares and returns his ordinary shares to treasury and cancels them!