GREY:PCCLF - Post by User
Post by
matisse2003on Nov 30, 2015 3:34pm
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Post# 24339682
Selling Pressure
Selling PressureI Love Timmies--- I see selling pressure here coming from Fos holders more so than Petrus insiders. The next step seems to be in the hands of GMP and First Energy who have to raise $14 million at the effective price of $7.40--- the other $16 million of the $30 million is coming from the insiders. This raise on the surface does not seem like it should be difficult. I can see no reason why the insiders and the new shareholders would be motivated to sell. I can't say the same for Fos holders who seem to be heading for the hills at a 20% discount. It seems to me that fos should be moving to the 33.5 price a lot faster. Absent this move who will put up the $14 million???