RE:RE:RE:why im not worriedSimply because the company is in survival mode.Im not a doomsayer at all.But to think that common shareholders are a concern is pure folly.Common shareholders always get the shaft during restructuring.Forget not that companys hire outside institutions for advice and guidance.Those people dont care about retail investors only whats best for the company itself.I can give you a few companys that I've owned in the past that have undergone restructuring,and eveytime the common guy gets hit.USA silver,twinbutte,FE first energy metals,PPR,Young Aust mines are all companys that I've owned or own ...and I can list another 5 or 6 if you like.All of them had share consolidation with the expressed statement of "protecting shareholder value".
Theres still some here that dont understand what can happen.It doesnt matter about insiders...it doesnt matter about volume (and trying to justify it).Insiders will always have a job looking at it that way.Especially insiders that have sold in the past at much higher prices and we know that happened.Besides no poster here can understand insiders situations ,both motivation and financially wise..they just think they can.
You cannot have a company bleeding cash to the brink of bankruptcy ,and having almost a billion outstanding shares to boot..its almost unheard of.
Consolidation is simple...and its happened to me everytime in the past.You will wind up owning shares of PLI.But where as today each share is worth 20 cents...tomorrow each share will be worth 1 cent.And the corresponding share structure is reduced by that %...theres also far more involved in the fine print,but thats the all out of common shareholders hands.
I invented those numbers of course and this post isnt directed at you GoBB.I also have hope for PLI,but I've went down this road all too often.BTW...most of those companys are still in existance,but I've never been able to recover my losses after the consolidation.
However buying some of those companys after the consolidation proved profitable for me by buying in another account.However they must have a brighter future in order to succeed..some did some didnt.The market isnt stupid.
I personally think PLI has a future and thats why I sold out and am definately going to jump back in.After this mess is cleaned up of course.