RE:RE:RE:RE:RE:share activity Apparently there is another PP underway (a friend told a friend who told me). The company appears to be having issues meeting their PP targets and this started last September. The reason it feels like groundhog day is they seem to be continually trying to raise money from a shrinking pool of investors willing to buy more shares.
It is also apparent that one or more of these well heeled investors either gets wind of or simply deduces that the company needs more money and starts selling to raise money to buy back in through the PP. While the company has a 4 month mandated hold on the issued shares it doesn't seem to stop the cycles repeating as the cycle lengths decrease. This is like the 4th raise in the last year?
What this means to the stock price is we seem range locked between 0.22 and 0.30 per share. Each new raise adds to share dilution at low prices instead of a rising share price in anticipation of BTD and AA.
My suggestion of using convertible debentures is really a potential option to consider to break away from the current PP cycle.What is clear to me and many others is PPs are becoming less efficient and more predictable to the detriment of the company and existing shareholders (not participating).