PP pricing.
this applies across the board to most all junior miners. I had hoped tko was last the juvenile stage. Issuing a pp at a discount to market is just plain stupid, or nefarious. If issued like the recent one at a 20% discount, sounds great and enticing to the newcomers, but how long does that last? A day if your lucky. The market always sees a pp and adjusts the share price to the pp, or even less, and then takes a while to restore existing investor confidence to see any gains. If done on an upswing they almost always terminate the upswing. Nefarious, because if done at market, those same $ would buy less shares and a smaller percentage of the company. You wouldn't see the immediate dilution of market value /cap, but financings usually transfer a double digit percentage of the company to new owners, and since the sp drops to pp par value, the only losers are the existing shareholders / owners. Dilution reduction via pp is best served by the pp being at market. Pp should Leave be offered to existing shareholders on a pro-rated basis based on existing holdings. Time to clean up the garbage.