OTCPK:PILBF - Post by User
Comment by
aggmanon Oct 20, 2014 4:46pm
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Post# 23044848
RE:RE:RE:Article in the Saturday Globe and Mail mentioning Polaris
RE:RE:RE:Article in the Saturday Globe and Mail mentioning PolarisI'd put some of that down to a poorly constructed article - with short termism and lacking in context.
Why would you say share price down 20% in last 2 weeks? - when it would be more appropriate to say the share price is down 40% from its early April 2014 3 year high (when it did touch $3.20).
I'd say this was a young inexperienced journalaist - looking to construct something - maybe Herb wanted to say "we will not raise money in the next 2 years" but I agree - that is a poor thing to say - considering the state of the company's balance sheet, the equity raise in May which led to the precipitious decline in share praice from April to October, and that the company should now be generating profit consistently through all quarters of the year.
Push pricing in SFO and get PoLB producing - and this company funds its future without any more bought financing deals.
A more resounding statement in this article would have been "no more equity raising" - instead we got some ambigious waffle - trying to talk up the prospects of PLS.
Must try harder.