RE: RE: RE: RE: RE: Financing by Rotschilds hr - these markets are very risky and any sane financial advisor would recommend a company take a reasonable offer.
In this case, waiting too long is going to crush this company.
It's clear that no amount of good news, other than a buyout, is going to lift this stock - issuing anything having to do with equity at under .50/share would be nuts. They need to move quickly and close a deal before the stock drops to .10 and they lose almost all credibility.
So far, they would've been much better off taking advice from boards! (as crazy as that may sound).
Since the stock was at .40, the company has been saying that they're hoping/waiting for a higher stock price before issuing equity. They need to throw away their crystal balls and close a deal - even if at slightly worse terms.
And - it's pathetic that insiders haven't purchased a TON of this stock. I realize they're often 'blacked out' from buying, but they do have periods where they can buy stock and not much has been purchased.