Pinnacle executive bribery claims dropped

[rpm]

Pinnacle executive bribery claims dropped

The bribery claims leveled against Pinnacle executive Takalani Tshivhase have been dropped, the group has said.

 

[LaraC]

Shares in Pinnacle advanced 34.5% to R13.25 in afternoon trade on the JSE.

Did Pinnacle's shares decrease in value after the announcement was made that one of the executives are being investigated?
If it did what recourse will the company have to recoup losses as a result of the accusation?

 

[Shi]

Buy buy buy !!

 

[borga]

Did Pinnacle's shares decrease in value after the announcement was made that one of the executives are being investigated?
If it did what recourse will the company have to recoup losses as a result of the accusation?

It dropped from around R20 to around R13.

 

[LaraC]

It dropped from around R20 to around R13.

Thank you.

Next we will hear of people being investigated for insider trading.
Drive price down and then the miraculous recovery.

 

[borga]

Thank you.

Next we will hear of people being investigated for insider trading.
Drive price down and then the miraculous recovery.

There was already rumors of insider trading, the director in question sold millions in shares between the time he was arrested and when it was told to the JSE.

 

[Creag]

There was already rumors of insider trading, the director in question sold millions in shares between the time he was arrested and when it was told to the JSE.

Where there's smoke there is fire. I question how they can drop this. The critter/s have caused harm to many investors. Will never trust them or support them ever again, as far as is humanly possible.