OTCQX:PALAF - Post by User
Post by
fredviewon Apr 01, 2015 1:45pm
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Post# 23587676
Valu
ValuValu, I agree with what you are saying in theory. My point is that PDN has been going down what clearly is a very destructive path for share value for quite some time. The chart bears this out. They were forced to sell huge volumes of product at the 28 dollar range, they had to shut a mine to perserve cash, they sold key portions of their business all the while exploding the share count. They only have a limited number of options to stay afloat and all of the options are not shareholder friendly. Do you not think it will be difficult to go to market with more and more shares. When you get up in the multi billion share count they lose credibility. Obviously ten shares worth a buck represent the same thing as one share at ten bucks. It's all about perception and its a pretty safe bet to say they will rollback if they have continued intentions of going to the well.