Recent PP so far awful for those who particpated...You have to be pretty po'd if your broker at Canaccord, Mackie or Global suggested you buy the recent PP at .25 as part of the recent RTO. PYD hasn't seen that price since the day it started trading on the TSX-V. Something smells pretty bad here. I even saw Mackie selling at .15 today?? What?!?
Anyway, from what I'm led to believe, they're focused on growing rapidly through acquisitions using their public structure as an advantage (mentioned by Peter Macy on today's conference call).
Stock is probably .50 in a year and maybe even a dividend to kick in in 18 months...
Other than totally understimating the number of loose shares from the previous co. to hit the market once free trading and not to mention the $3MM in bonds that were coverted at .10...yes, that 30MM shares now free trading at .10?? Did I read that wrong? Good luck chewing through that!
Anyway, aside from the aforementioned capping the stock price in the short term market I am happy to have the opportunity to buy a lot at these levels. I expect a double in a year! I think that's more than reasonable. Should be an active 6 months and some good deals announced.