RE:I'm Surprised!!!!Can't say I'm surprised to see another PP as that truly is managements specialty. What does surprise me is that the PP is being done at .09 instead of say .12 which would still be a discount from the current price.
I suspect that $350K somehow appeared on their doorstep, perhaps through Frontier, but with conditons. How quickly this PP is filled may tell the story.
Almost a 40% discount from the current price also tells a story. Management is still in serious survival mode and will do whatever it takes to raise capital. They're certainly not dealing and negotiating from a position of strength.
The only good I see in this.............someone still wants to invest money into Erin.