GREY:PGDIF - Post by User
Comment by
cudjoon Oct 17, 2016 11:17am
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Post# 25351155
RE:Short Positions for PGD
RE:Short Positions for PGDunlike the past, it would be risky to short at this point IMO. The company is way too quiet. Before PEA, there was a great deal of expectations, rumors and actual trading, right now, unless a large position decides to bail, because of a very quiet management group, which is possible, no good reasons to short. Put a buy in at a price to take advantage of any bailing and wait for next announcement. The outside risk is another 50% discounted rights offering, if they do this again, this company is destined for the dust bin regardless of what you may believe they have in the ground. They will not raise the cash required, exactly like the last time, and It will become another good play destroyed by very poor financial management and the weight of paper.