Pennant Takeover Rumours (PEN)

They have finally tapped the market. We can now see what has been the weight on the share price for the last 6 months. They tried to come in December and then again last month with a huge raise for a takeover. For reasons unknown this has been shelved and the old chairman is now exiting. They have come to market for a modest amount of cash in order to complete the software suite upgrades. Hopefully the share price should go back to trading on news and fundamentals.