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Today’s RNS clearly states that PFC is insolvent. It is being propped up by BH’s and the Banks. I assume no one disagrees?
So PFC are in a very weak negotiating position. Bondholders and Banks hold all the strings and are providing the only solution.
So ask yourselves, will they give current equity a good deal or will they offer the bare minimum that they can get away with?
Current market cap is £118m or $150m. My best guess is that current equity will end up with a % worth £25m/£30m to represent the value of the listing. Look at what happened with GKP, it’s the law of the jungle.
What else can PFC do other than accept whatever BH’s/Banks offer if it’s the only route to avoiding insolvency?
Shorters unlimited losses
Just think of all the potential losses you could make!
Wise words Mary with all these shorters on here today.
Like I said - why are shorts closing if it’s bad?
DOG OF THE STOCK MARKET FROM £6 TO 20 p WHAT A LOAD OF POOP
Pity that I was playing with virtual money in a practice account....Now to the moon let's have a bid
Probably end positive end of day at this rate.hold
They need a hell of a lot more than the Transactions so far
Here we go
I said this would happen…..soon as I was the RNS its clear they were given a 48hr window
No doubt all those who r saying sell/sold out, will come back and say they bought them at lower price. Fecking crock lot
FYI im out a large chunk. took a 80% loss on my 8k tranche. still on 4k but thats worth 300 so might aswell jsut let that sit... GL all, but im getting fed up with the same metaphorical can being kicked down the road for the last 2 years.
Giving a chance for shorters to close.
Shorts buying up all PIs shares
Tony mate
Twisting as usual - the point re tax losses is that it means there is still a value well above zero. PFC is not the first company to go through a restructuring. TUI EZJ come to mind recently.
PFC is part of a balanced portfolio for me. That is key.
Sub 14p to 18p - hmm - you must be scratching your head atm.
Must be galling to panic out for sub 14p when 18p is available.
Patience in spades here.
Last post today.
I will continue to trim and add and lower average today and tomorrow.
Price recovering nicely, long termer, hold.
To get in before it’s suspended. Only if you hurry!
Theres only one winner in Debt for Equity swaps and that is not existing holders.
The nice thing is that the Board have everyone a few days grace to get our before suspension.
A primary rule in investing is to make money and to preserve capital and limit your losses when things change.
Should see a few more days downward correction and the smart ones imo got out first thing
Existing shareholders look at other companies where these sort of deals have taken place.But nothing beats an average aim punter who would love to gamble on these sort of shares.
Why are shorts selling if this RNS is really bad news?
To exit. This will probably end back in the low 20s or high teens.
I'd be interested to hear of positive outcomes in similar situations with other shares. Someone mentioned Tullow having been in a similar situation? I'm still holding, for what it's worth.
Someone is buying in chunks......why would anyone be tempted to sell....