RE:RE:RE:RE:Let's say rights offer is cancelledstockman6767 wrote: Andjee, what you don't get is that bankruptcy is the BETER option for us and get us much more money than the current restructure that gives it all to SALP. In BK bidders would pay for the entire package much more than the mere $100 million that SALP lent PLI. and that would come to us after repayment of the $100 M loan to the 759 M shares not to 25 BILLION shares! And it wold be an honest auction to high bidders under the watchful eye of the neutral BK judge.
Stockman, I am a stupid enough MBA for investing into stocks instead of index but everyone in finance knows that bankruptcy is the worst option for shareholders because you are always at the end of the line to get your money. By the way when I say money PLI has NONE at all. If you don't want to continue with rights offer (maybe I'd do the same), considering this company will never come back I respect that, but rights offer is at least a hope for some of the guys, especially for the ones with low average price.
If you think the PLI research projects are completely useless, I would or would not relate to that, but maybe they deserve a last chance. With or without us.