RE: question timeThat made me mad when I first read the PP news release as well. They could not fill the previous PP at 40 cents as the current price was too low. I would guess they needed the money now.
Boston pointed out the following though, "Yes it probably means some of the 2,354,559 warrants won't get excercised. Here is a list and dates when they expire. They are all excercisable at $.50
450,000 Feb 8
100,000 Feb 14
892,225 Feb 22
912,000 Feb 28"
So 550,000 warrants expired so far this month and if we are not up to 50 cents by Friday, another 892,225 expire and another 912,000 by next Thursday.
If we do go up over 50 cents before next Thursday, I would expect a lot of selling so some investors can raise money to exercise their warrants.
Lamont