TSXV:PEC.H - Post by User
Comment by
MiningMonsteron Dec 09, 2011 10:45am
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Post# 19307043
RE: Insiders
RE: InsidersCoffin,
I confirm you are a promoter gone wild. They are going to have to raise around $20 million dollars, if they buy a small amount of shares they will only lose a few bucks going into the financing, yet they could potentially trick a few people such as yourself into buying and slowing the price decline in the meantime. Happens all the time.
You say watch and learn, and state that they will raise money at a 100%+ premium. Since they are out of money (4 cents/ share) the financial trouble will trump your baseless dream. Any deal they negotiate now with a partner or secondary offering will be on extremely unfavorable terms to the company.
I think they will be very fortunate if they can manage to sell 200 million shares at 10 cents since they have burned the investment community so badly and they will be doubling the shares outstanding. We can only hope the market will take the financing. "Watch and learn"...