GREY:PGDIF - Post by User
Comment by
cudjoon May 05, 2016 12:13pm
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Post# 24844667
RE:so how long
RE:so how longShortly Mr Bigger, major reason this will go now where with any news. Management has proven to the markets they will do deep discounting to keep this moving forward. Why invest now when you know they are getting deperately shirt if cash and need a white knight. They will need around 30 million after PEA, and without giving up half to a partner, there is only one way to do this, more paper, on top of more paper, on top if more paper. Institutions now can extrapolate the PEA, and won't touch this because of the history of cheap paper.
So much for the golden cross, looks like a giant goose egg now. Today's news wasn't bad, it was good, it is the weight of paper and history of poor secs ions regarding financing that has doomed this without a rescue.