Post by
TheCardinal on Feb 05, 2023 2:58pm
Warrants Acceleration now in play!
The Financing in 3-2022 included Warrants, whose Terms contained an Acceleration Clause with a 15-day Time Fuse if the stock traded above CDN$.125 for 5 days. PEI just accomplished that. So, expect a PR imminently announcing the Acceleration.
Bad news first : this will put a temporary "lid" on the stock as people sell Shares to exercise the Warrants.
Good news: the price difference between the Warrant Exercise Price and the Current Price is so small the "churn" should be quick.
Even Better News: this is going to raise a lot of Ca$h that the Company now won't have to raise by other means.
If you're in.... stay the course.
If you're not in.... here's your last chance to get PEI on the cheap. Because that Warrant money is going to be put to use, immediately to ramp up production even faster.
Comment by
kisedig on Feb 06, 2023 1:52am
This post has been removed in accordance with Community Policy
Comment by
Thebeginner2020 on Feb 06, 2023 8:00am
This article has nothing to do with PEI! Are you engaging in informational fraud to try to create a pump for this stock. PEI the pump?
Comment by
TheCardinal on Feb 06, 2023 11:59am
What "article"? I didn't cite any "article"; I simply used my knowledge of the terms of the Financing that took place back in March of last year. Those Warrants are now subject to the Acceleration Clause. And be very careful about hurling accusations of "fraud", especially with no basis for doing so.
Comment by
Thebeginner2020 on Feb 06, 2023 8:04am
Dilution!! I'm not worried. I will be able to buy at $0.09-$0.10! Be patient and wait for your prize. This company must show the real production figures for the market to trust it!!
Comment by
TheCardinal on Feb 06, 2023 12:02pm
It's already showing substantial increases in "real production figures", and more will some sooner due to the Warrants acceleration. You certainly did choose an excellent name for yourself, I'll give you that.