Agreed. You'll find that the share price has been punished because of the steep discount. This is a long-term stock to hold, it could still get punished a bit more. That said, the entitlements offer is done, and once tax losses selling is done by the end of July, we should see a gradual recovery.
In terms of announcements, I believe PGL is going to make some announcement regardings its Phase II lung cancer PI-88 trial - which could help the share price. The institutions and underwriters will not be dumping this stock, the prevailing attitude is that its a great time to stock up and get in at lower prices.
PGL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
