There is currently a calm spot in the fall of the PSH share price. In my view this is an excellent opportunity for Mums and Dads to get off the ship while the band is still playing.
Women and Children first please.Please stay calm.
I wonder what is causing the current buying. Yesterday there were several buys of 50,000 shares in succession.This was a high turnover for PSH. Perhaps the Investor Relations department (or contractor?)has been urged into action.
It may be that the PSH Investor Relations people have also found an institutional supporter. That would be a good outcome for PSH as they would hopefully support a raising if necessary.
Unfortunately a placement within the 15% rule would currently only raise about $4,500,000.
This raises the question of what will happen next if PSH is still cash flow negative. I doubt there will be more debt available.
What price would a SPP or rights issue be at?. would it be renounceable. When would it come.
In my view the fundamentals of this company only lead one way.
bacci
to the lifeboats
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