RE: Saying Goodbye to PMO1 Apr 2021 23:18
The reverse takeover of PMO by Chrysaor private equity firm despite all brouhaha has been very disappointing in London but perhaps more so on NASDAQ Stock Exchange where it traded 15% below PMO market price on 31 March 2021.
I am not clear why PMO share price was in reverse gear on Wednesday 31st March and Thursday ( April's Fool's Day ) when its price on the London Stock Exchange collapsed to 18 pence at one point although it recovered to 20.64 at the close of business.
In an age of free access to public information, it is incumbent on the Board of Directors to disclose all information and explain in a simple language about the poor performance of the share price on the very day of its change in name. Harbour Energy's share price seems to have been odd for two consecutive days and I wonder whether its value was artificially manipulated by the market makers or by other undetected influencers. Who oversees unusual price movement on the London Stock Exchange and takes sanctions against any malpractices?