I think we all are looking to buy moosie, we just dont disclose it ;)
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Nah....we just follow you Moosie !
Are we going to have six weeks of this until the report comes out ? The strain, the anguish, the nailbiting fear of not getting in at the very bottom, the opportunity to go NA NA NANA NA lost, and worse, missing out altogether.
Advert: Buy PEB:)
Nah...there's probably a diversion over on NZO thread where Balance will soon keep us entertained. And perhaps Moosie as well.
Guess this makes a nominal change to the share value - my estimate now $0.490583c.
REL: 1725 HRS Pacific Edge Limited
GENERAL: PEB: Pacific Edge Limited - Correction of Share Register
MARKET ANNOUNCEMENT
Pacific Edge Limited ("the Company") - Correction of Share Register
The Company advises that it has requested both NZX and the Companies Office
to correct an error in the number of shares recorded as having been issued by
the Company. This discrepancy has arisen as a result of a prior share issue
where certain subscribers elected immediately prior to issue not to subscribe
for shares but the documents filed at NZX and the Companies Office were not
updated to take account of that withdrawal. The share register of the
Company however did accurately record the position in relation to that issue
of shares.
NZX have advised that they will update their records with effect from close
of business this evening and the Companies Office have confirmed that they
will attend to the procedures required by the Companies Act to update the
Companies Office records.
As a result of the rectification the number of shares recorded as being on
issue at NZX and the Companies Office will decrease by 333,336 ordinary
shares to 280,111,693 ordinary shares.
Christopher Swann
Chairman
10 October 2013
End CA:00242232 For:PEB Type:GENERAL Time:2013-10-10 17:25:
Well thats a relief - cant find any more discrepancies I suppose. :)
Can someone tell me whether this should be viewed as eg "an oversight", "a minor blip that happens sometimes", "nothing to worry about" etc etc ....or at the other end of the scale eg "unsatisfactory", "incompetence" etc etc.
To me, although it appears to be sloppy bookkeeping...333k+ shares out of $280m+ are nothing (.1%). But if this shifts the price as Moosie suggests, what should I be reading into the market? And, in the same vein, what will the market do to the SP if PEB happen to beat their sales target by say 5%??