RE:M&A Better Come FastMy initial reaction was that a PP at 0.16 is too low, considering that the stock is worth 3x that right now.
But this is what was fair, because the price was around there (or lower) when this was being negotiated, and these big investors want in at a low price.
Then I kept reading. About their vision to take the company TO SCALE, and read up on who these investors are.
These is EXCELLENT news. Strategic acquisitions by people with DEEP POCKETS and NETWORKS. They couldn't resist the VALUE here.
Those warrants at 0.29 and 0.39 will make them a lot of money when the share price is $2+.