Peak Discovery Capital Ltd V.PEC

How many shares left in Libra?

[tedjjj]

On Nov. 15 Libra dumped 8.5 million shares, and it used to keep dumping, how many share left in his hand ? This is a potential risk if Libra still wants to dump at current price level. In Aug.31 statement the company has 44million cash in hand and yesterday a poster called the management and they told him currenly they have 21million cash in hand, so where did they spent 23millions in the past three month? if today pec can't stand above 12cents, all people who entered yesterday are trapped. I really doubt is there oil underground of Potugal? Refineries in Potugal used to import oil from other country, if they have oil underground, they should have developed it early. Pec IPO in March raising 70millions and now only 21million left. somebody may think the fall of sp is caused by tax sell season, but everbody should know the market is always right. somebody may think any news in the future will be good and bring sp to double even tripple, but let's think about the Libra selling 8million shares at 0.28 on Nov. 15, if the JV or any other news will make the sp up, why Libra not buy back at 0.11 level? on Dec. 5, there were 100+million shares traded, i think it is easy for Libra to buy back their 8million shares at low. why they so firmly keep selling?