what's their cash burn rate..each month?
The only way i see a PP is if they know raising cash will get real, real hard in upcoming quarters... BUT even so i really don't think there's a dilution problem whatsoever with OPL... if you look at the fact they will trade atleast 60x earnings and their earnings could be very substancial once all is in place. I have not given up on the chance that somebody with deep pockets will lay down a cool $1billion plus for the poet tech or a j/v for production will surprise the market. I'm adding to my position today... it was cheap yesterday so it's even more so today.
have a good day eh!
gt