GREY:MPRXF - Post by User
Post by
hrattleon Mar 05, 2012 2:41pm
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Post# 19628374
PP to be repriced?
PP to be repriced? At this level I suspect the PP won't get filled. Particularly the FT which accounts for the bulk of the needed cash - the warrants like the last 11m are likely worthless. Same as last time - you would think they would learn!
Some PP investors only invest for the warrants but a 37.5% premium to market is very hard to justify - after tax you are still looking at a loss on top of carrying costs.
A new FT price around 72 cents may work. Hopefully the 61 cent price won't change.
20% drop since PP annouced. Pinetree losses building up.