OTCPK:PALDF - Post by User
Post by
BillionaireBoyon Apr 04, 2019 8:41pm
107 Views
Post# 29585228
I wonder if Pdl was shorted down from $26.40 to current
I wonder if Pdl was shorted down from $26.40 to current levels because the underwriters' probably knew that this was going to happen. That sudden $7.00 drop the day it touched $26.40 was very suspect! This is especially so when the company is reporting record earnings and their best quarter in history. Not liking how this secondary offering is being handled. So it is a bought deal by the underwriters @ $13.00. Does this mean that they also offer the shares at $13.00 or can the distribute them at higher prices? GLTA Longs