OTCPK:PALDF - Post by User
Post by
astevenson Apr 06, 2019 5:35am
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Post# 29591306
Brookfield's 80% Stake
Brookfield's 80% StakeIt has to be remembered that Brookfield will retain over 80% of the shares, indicating continued confidence in PDL's business. The intention of the secondary placement is to create an institutional investor base rather than to exit the position. Up to now, PDL has been of interest only to the retail market on account of the minimal free float. It is probable that there was liquidation of small speculative holdings on Friday. Once institutional money comes in over the coming months, trading should reflect fundamentals more closely. PDL's share price may be choppy in April but things should improve after the results on 2 May.