RE:RE:Liusten to medevelopbc wrote: No one needs or wants to listen to your FUD.
Peter clearly stated in the last interview Q & A they have NO concerns and even IF they needed to raise cash they have HPQ over 25M shares yes but also stated he has other financial avenues which he has loaned to the company directly in the past via loan/debentures etc... . He is well shored in in cash via selling of Melon Trust shares in the millions $$ of dollars.
Long and sttrong HPQ!!!
tamaracktop wrote: It's no mystery to me where that offering of 80,000 shares at $0.30 is coming from.
Pyrogenesis will be reporting in a couple of months, and they last reported having just ~$625,000
cash as of June 30th.
They had burned through $1.7 million per month in Q2.
They're running on fumes and sitting on about 25 million shares of HPQ.
Who are they going to sell them to?
They're going to farm out as much as they can before they have to report, unless they do a secondary offering to shore up their balance sheet.
That would be the best possible news for everyone here.
A secondary by Pyrogenesis would remove serious overhang for all of you.
LOL! Exactly BC. Hes got a couple mil set aside for legal fees just to fight toxic posters so im willing to bet he has access to other funds if he really needs them. You guys are really grasping here to keep the SP below .30. Good luck with that!