TSXV:POI.H - Post by User
Comment by
newdaydawningon Dec 27, 2015 12:52am
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Post# 24413778
RE:I'm starting to worry
RE:I'm starting to worryThe PP, regardless of when it closes, is really questionable in terms of size and timing. The heavy dilution @ $0.20 will unleash a huge headwind for the SP. No wonder it's flirting with its 52-week low.
Leafs4Life wrote: If the PP doesn't get closed tomorrow I think management will miss their suggested time of delivery (they said week of the 21st). I mean, Christmas eve is a possible date of delivery but if they're working this close to the holiday it would lead me to believe that they are struggling to fill the placement.
If this doesn't get filled this week then I think it's a safe bet that management underestimated how challenging it would be to raise money in this environment.
I'm not quite so sure why everyone on this board is so sure that management is competent. The share price has collapsed and Slyce has needed cash twice in the last year.
I'm beginning to worry about my investment, and I only made it a week ago. Somebody talk me off the ledge please.