With POK having traded between $0.13 and $0.20 during August a prospective issue price of $0.05 looks somewhat lacking in ambition !!!......
No doubt when the Buddy prospectus was written they didn't want to look too unrealistic on value.....
Mr Market has determined the current valuation for the Buddy proposition, albeit with support from considerable numbers of excitable tech stock afficionados !!......
$0.05 might look like mates rates if brokers and institutions start to get hold of a shed load of shares at that modest price !!....
Hope it isn't allowed to happen.
GL - Oilf.
Trading Halt - 28-Aug-15, page-12
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