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PSZ 13.5¢

It's been 2 months now... 21/04/2017, 24205098

  1. Tapdancer

    973 Posts.

    It's been 2 months now since details were released, so yes, they could have informed the market as to progress. The new CEO would be calling the shots, but he's probably - at this stage - more concerned running the company's operations than updating the market.

    The way I read it, the restructure is not dependent upon raising money from existing shareholders, so there's really no pressing need to inform them at the minute. Better PSZ get everything right so that they can go to market with all their t's crossed and i's dotted.

    So I wouldn't be worried just yet. However, we'd need to hear something in greater detail before the full year results are released. Interestingly, when details were released in late February - on balance highly positive - the stock retreated!

    Story getting better + stock price falling = dream combination.

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