OK so Bergen just picked these shares up at a 15% discount or .0295 AUD per share. They have just picked up 54k USD in profit for a 360k USD investment if they manage to sell these at .034 cents per share.
This is disgusting. I recall reading something around Bergen having some restrictions in how they can sell shares they acquire through these tranches. I am unable to find any further details, and can only assume that they have some muppet at the standby just looking to dump, I still have no idea what these funds from the tranches are actually being used for. I feel so ripped off.
I have been invested in PRR for such a loooong time. I am out on Tuesday, in fact I think I will close off all positions on Tuesday and kiss the ASX goodbye. The market was up 70 pts today - but it feels as dreary as ever - anyone else know were these gains were made? Maybe Bergen SP lifted this entire ASX with this skilfully mastered investment!
Good luck everyone - shame that a few computers, greedy people and lack of fair regulation have destroyed the share market for the average punter.
Noof
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