I doubt it is shorters pushing this down at these levels. More likely IMO to be a large shareholder fed up that the directors signed off performance bonuses even though the company did not make the targets. I must say, reading the chairman's report, it would really irritate me that the bonuses were paid. There is enough in the press about directors signing off huge bonuses when companies make their targets, let alone when when they do not. If I was on the panel of a large shareholder I would be saying $@$%%#@hell everyone we are being treated with contempt, lets get out. ..Anyway..thats why IMO the shares are falling.
PBG Price at posting:
57.5¢ Sentiment: None Disclosure: Not Held