Should PDN trade again, the ad hoc committee will be in a...

Should PDN trade again, the ad hoc committee will be in a position to pull off one of the greatest manipulations ever on the ASX. Holding 98% of the shares and trading amongst themselves will enable them to set the sp at whatever they like. Taking your suggestion of 40c, that would bring the market cap to $80.5Mx40/4.7= $685M as one case scenario. If they took the sp to $1, that is $1.712.7B in market cap, the ad hoc committee would own 98% of that. They could continue to provide funds to cover PDN running at a loss, while spot price is low, by unloading sufficient shares onto the public. Alternatively they could completely unload over a respectable period and make a handsome profit. My concern as expressed previously is that the opening sp may be artificially set too high for someone in my position to buy back in with any chance of recouping my losses.