Member Info for Rock8

Autocorrect

Apologies

Slift

Swift am I right in assuming you have no position n PFC a at the moment?

You sold on Friday

Correct?

Given Friday’s market price close of 26.5p the market believes there is another more likely solution?

Ordinarily the bond holders in these situations would be short the equity to recover losses.

We need to understand why the bonds haven’t tracked the share price movement?

Someone knows something to be buying on the recent volumes.

RNS also said discussions ‘proceeding at a pace.’

I can’t imagine why else they released that unscheduled RNS?

Whatever is happening it’s clear someone is happy to accumulate the share equity up to 33.5p anyway.

Remember shorts haven’t closed.

I don’t think they will wait.

They played their joker on Friday and it still closed at 26.5p on 33m traded.

That’s 11/5 - 12 m without FCA shorts closing

I don’t think Wednesday or Thursday’s rise was due to a ramp from PIs or anyone else.

The both rises of c.13.5% were also on very high volume 11.5/12m.

This opened at 24.8 went down to 21.7 and reversed to close at 26.5.

It shouldn’t have reversed.

38m traded

If there is something coming 40-50 they will have to act quickly.

The RNS worked pushing it back to 26.5 but once the shorts get wind of something they will attempt to close pushing it back up.

If we all realised yesterday’s trading was ‘odd’ so will they.

Also 38m shares also changed hands at an average of less than 25p!!

A low ball offer explains everything that happened today

Or someone knows the deal?

Explains yesterday?

If it is they will likely push it down lower?

How can you possibly know that?

Yes a D4E looks likely but we don't know the price and amount of debt?

The only reason that makes sense is that a DforE is already agreed at a lower share price.

DforE was also the first thing mentioned.

That says it all.

A rising share price would have made it better for shareholders in a DforE