Peregrine Diamonds Ltd. PGDIF

RE:RE:I find it strange

[mill44]

Kodiboy, when are you going to realize that why I do things is not important, what I say is.
You say that all what you see is opinions and questions, yet you ask me why I ask questions or come up with scenarios. In your opinion, what are we supposed to do on this forum? What would be acceptable for your high standards?
Let's see if I can explain it to you in a way that you can understand why all should pray.
The management decided to do a financing. They had to set a date, before or after the results. We know that half of the money would come from 2 people. It is not a big stretch to think that those 2 people had an influence in the decision. So why did they decide to do it before and at that price? What were the risks or advantages in the 2 cases? If they do it after good results, the price could have been a lot higher and participation almost assured. If the results are poor, the price is low and few people will go for it. But how important are the results for the project in their minds? Would the Friedlands still put money in it if they are poor? They probably knew the answer to that question before the financing. If that answer was a big no, then the only reason to do the financing at that time at that price was to assure that they can get a boatload of extra shares in case the results are good, otherwise they write the project off, no more need for money.
As you can see, PGD's fate is decided with the exercising. If the Friedlands pick the shares up, the results were good enough for a mine. If they don't, They gave up on the project and there is no more money to improve the fundamentals enough to convince a new player to join.
You tell me if you see any problems with my logic, except that it is coming from me?