RE:RE:Financing not unexpectedHahahaha. Sounds about right.
But, on a second look, this may be just what the stock needs. After all, the Shorts have owned this stock (And the company) for many months, and maybe now that they have forced PL to let them cover 36,000,000 shares, they will again let the normal market rule.
Here's hoping.
peasoupfog wrote: Well, well, well. Isn't this something else....just what Management and FD kept telling all you guys wouldn't happen, in your private emails, etc., with them, No more dilutive financing, They were going to force the Shorts to cover on the open market, etc. What a joke.
when HItea and others here mentioned the need for funds, and that a Rights offering would be the way to go, they were quickly told off by the Believers and criticized and Ignored en masse. And now the Believers are tripping over each other kissing Managements A$$ for this rotten deal, saying it is the greatest thing since sliced bread.
They have played directly into the Shorts hands. These 36,000,000 shares will be taken by the Shorts to cover. Just what Management said they wouldn't do. Just what the Believers said would not happen. Bet you have been scrubbing a lot this morning, but still can't get all the egg off your faces!
Sucks to be a Believer today. Enjoy!