There is nothing going on...its just common sense.
Take a look at what happened to WPG today then look at their shares and options in WPG. Obviously it was going to get rerated (though still WAY too cheap).
I have been buying heaps sub 20 since I took some in 12c placement a while ago, and even more today. I am a bit annoyed that the market picked up on it straight away today as I had a lot more bids in.
Noone thinks PTS will ever amount to everything because it hasnt done anything for the last 20 or so years. As they say in financial services 'past history is not a good indication of future performance'.
For the research types, read their annual report, take particular note of the mention of Bluestone 23 and its purpose, then think logically.
Cdchi1
PTS Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
