RE: John Lee "WHEN WILL THEY LEARN THAT YOU RAISE MONEY WHEN YOU DON'T IMMEDIATELY NEED IT!"
Stonesheep,
Post of the day!
The problem is not the terms of the PP. Rather, the reason behind the terms. Namely, and not exclusive to NKL, is that the equity finance markets have all but dried up. Take those options granted in regards to PCY recently. With a price of 18 cents, it was geared more toward raising $900K than it was rewarding those who were granted the same.
1. NKL needs a JV partner with deep pockets.
2. PCY needs to undertake a reverse stock split.