- Joined
- 2 October 2005
- Posts
- 234
- Reactions
- 0
I think a lot of people (myself included) are no getting out of PSD due to the recent announcement regarding re-listing the company with a new "identity" and their relocation into the USA.
I can't remember the details but I do remember the permutations regarding how many shares you would end up in the "new" Psivida was kind of complicated and messy.
I think a lot of long term holders have probably received the documentation regarding this restructuring (it was a seriously thick book!) and just went bugger this , I'm out of here.
It's not like this company is going places at the moment.
I reckon you'll see the SP subside back to around 10c in the next week or so.
Good luck to holders of this one.
I decided to put my cash from my PSD sell in a mortgage offset account - at least that way I'm getting at least 8.5% return.
I can't remember the details but I do remember the permutations regarding how many shares you would end up in the "new" Psivida was kind of complicated and messy.
I think a lot of long term holders have probably received the documentation regarding this restructuring (it was a seriously thick book!) and just went bugger this , I'm out of here.
It's not like this company is going places at the moment.
I reckon you'll see the SP subside back to around 10c in the next week or so.
Good luck to holders of this one.
I decided to put my cash from my PSD sell in a mortgage offset account - at least that way I'm getting at least 8.5% return.
)
