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Now we can understand why the price was brought down purposely. 122 million shares changed hands today which is almost 50% of the issued share capital of PCHH.
Out of that 27 million shares been purchased by Redington Global. Redington Global is an international IT company.
Some Questions worth looking at
1) Who sold these shares?
2) Who bought the balance shares approx 95 million shares? Redington Global bought 27 million shares.
3) Is there a strategic reason for Redington Global to enter? Sometimes PCHH will start new business ventures in IT with the support of Redington Global.
Whatever happens only one thing is clear. There is going to be a massive run for PCHH within a few months. Only enter if you are a risk taker otherwise go for safer stocks.
Out of that 27 million shares been purchased by Redington Global. Redington Global is an international IT company.
Some Questions worth looking at
1) Who sold these shares?
2) Who bought the balance shares approx 95 million shares? Redington Global bought 27 million shares.
3) Is there a strategic reason for Redington Global to enter? Sometimes PCHH will start new business ventures in IT with the support of Redington Global.
Whatever happens only one thing is clear. There is going to be a massive run for PCHH within a few months. Only enter if you are a risk taker otherwise go for safer stocks.
