RE: PP Financing to Raise $6 MillionThe management could do the pp at the then
.12. But they have chosen to do the 10:1 first.
Financially, I don't see any difference if they raise the money at the now 0.12 and the then 0.12. It is just that the management is so greedy and steals the company.
But anyway, if the coal price remains more or less stable for now, and if the company is producing now (I assume so), the pp should be recover soon, since the company has reached a stage of stable (though still low) production and approximate even cash flow, and therefore is more predictable at this time. This is every important for a new producer.
just my opinions.
Shellfish