RE:Silly season 13 more days by my countThere's been quite a lot of sentiment expressed about WRLG looking desperate with
all their fluff announcements and the subsequent weak s/p. That ellicits the typical
retail type response but for those who have a better insight into what is going on,
its completely understandable and to be expected. The selling will reverse at some
point and I expect it to end soon.
The only thing I would call desperate was their need for money. They got $29M
at .69 very easily however they also had to give a lot in return. That's just they way
it works when you need money fast. The warrants were the incentive that enabled
the deal to work and the selling pressure is the consequence. It just takes time for
all the selling to work its way through the market but it will end and what you are
not hearing is how someone in mgmt is keeping close track of those shares.