RE:RE:Pretty lousey quarter. Will this company survive?I'm guessing they want the SP back over 1.00 and a 20 to 1 reverse means a 0.05 cet stock becomes a 1.00 stock after the reverse??
so I can't see PMT going lower than 0.05 for now but after the reverse if could go lower if NG prices don't co-operate or if markets are in a down cycle.
even if it goes back to 0.80 or 0.60 cents after the reverse it could be equivalent to 0.04 or 0.03 in today's prices???
but I still say based on the q4 report, they are doing whatever they need to survive this down cycle and 0.05 is a good longer term entry point for me.
I'll risk a fall back after the reverse if it even happens, that's not a guarantee to fall back.
but it's a risky play until NG prices recover, if they ever recover at the rate we are going??
DYODD