The chart shows 10c support being tested again... and failing.
Not only is 10c an important psychological support level due to the price increment structure on the ASX, but it also represents the price at which seed investors resurrected this carcass.
Placement pending any moment, no matter how you dress it price action is crystal clear here.
Dr Crombie on $350k+ a year but not a single on-market purchase since he joined the board.
Remember the debacle of the last placement, getting the votes for a 1.2c placement then underhanded 1c placement through sneaky "free" share bonus a few days later.
So better to sit out and wait till the inner sanctum are locked and loaded and stock is permitted to run.
Sorry to the bulls if it sounds harsh, just straight shooting.
PTX Price at posting:
10.0¢ Sentiment: None Disclosure: Held
