Ok AlexMacDonald, but on the 6th Jan what ever you have got will be diluted by a factor of 10. So if like me you have £50K worth today you will only have £5k left.
I have already dumped tons of these at a hugh loss (ok I made a bundle on the spikes over the past 2 years) - BUT facts are facts - some guy has decided to hand over 20M dollar - now you can fool some of the people some of the time but not all of the people all of the time.
I (hope and pray) believe that the new management team could turn the ship around so I am prepared to take the risk with the last of my holdings on these.
Its a punt - loose what was for what it is now or leave it (write it off at worst) and ride the storm. Or sink.
In recent months the brush has been swept at PCM - the new team has to do the business or they are out of a job as soon as they have spent the money.
This deal is the biggest tree shake of PCM.The value of the shares will be diluted - but the number of shares in circulation will decease by 90%, so when the deal is announced those shares will move up (or down) as per the value of the deal and not trades in speculation.
Lets see what happens. Farewell to the sellers, good luck to the holders.
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