GREY:MPRXF - Post by User
Comment by
hrattleon Jul 30, 2012 10:08am
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Post# 20164604
RE: IT'S DEFINETLY TIME TO BUY NOW!!!
RE: IT'S DEFINETLY TIME TO BUY NOW!!! ...inspiring leadershing of our CEO....
What??? Are you referring to something in particular?
They had $11.5m cash at end of Q1 with a run rate about $2m per month but I guess they may have cut back perhaps to $1.5m pm giving them 6-8 months before they will need to raise cash again. So look for another PP in the Sept-Nov timeframe.
They will need some spectacular results from these "great properties" you think they have otherwise the dilution will be high.
At 26 cents today those who took part in the last PP are down 57%. Will MGP be worth more than 26 cents before the next PP? Let's hope so but without Headway I don't see it anymore.