Now is the time for a support buyback!PLI is now sitting with the best fundamentals ever and a lot of cash in the bank for the ongoing and proposed trials. I will stick my head out with a proposal which I am sure many will disagree with for the sake of discussion and with the hope that many will see it as logical at this point in PLI history.
right now, PLI is clearly under attack by the shorts with nefarious intentions - and succeeding. Thwy are playing offense in selling lsrger blocks at strategic moments during the days trading while there is no one playing goal in defense of the stock except for the small retail investor, those accumulating cheaps shares for the comming hostile take over attempt and perhaps some of the shorts at the low to replenish there supply of shares to continue selling the stock down.
I propose that PLI (or an agent on its behalf) start playing goal and buying on the open market at stategic moments to raise the stock price and keep it from free fall. Besides being good for investors who believe in the co, it is very good for PLI itself. They may be able to fight off a take over attempt at this time, and more importantly they will be able to finance down the road well north of $3 rather than at $2 or below when they need more money. In the mean time they can borrow on the open market to the extent that they need money to keep the trials going and support playing goal in the buyback effort against the shorts. I ams sure that some will be against and others for but I hope that discussion will be intelligent and the PL is watching as I think this is a great idea. I assume this is legal and does not need share holder approval - if I am wrong on this point please let me know.