NYSEAM:PLX - Post by User
Post by
Nemesis01on Dec 17, 2019 2:05pm
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Post# 30464662
Wizard Lake Asset Swap
Wizard Lake Asset SwapNot a fan of this deal. Too many "subject to"s with what is essentially an earn out agreement.
I would have more faith if Whitebark was a player in Aussie Oil and Gas but they are worse off than Point Loma with over 2 billion shares outstanding on a market cap of $30m. I'm not sure Whitebark can raise funds to cover their "subject to"s.
At least PLX is getting a short term cash injection.