Lack of days of cash burn in the bankNotwithstanding the recent news, PL and company are responsible
for the share price because they are always living hand to mouth.
Do a rights offering already and get the big boys to take up the
unsubcribed shares. Issue 70 million shares to the current shareholders at 1.50 raise
100 million and the fear of bankruptcy is off the table. My FUD of
the day. Can you 500,000 share believers afford to buy 50,000 shares at
1.50? Not a problem for me to buy my 10% more. It is also bad news for
shorts. HT