Post by
guyf1963 on May 20, 2020 5:31pm
16M PP from january becoming free trading
In a few days. Coukd this cheap paper be used to knock the share price down so that the next tranche of the PP be repriced at 0.35-0.40. This is highly possible looking at the cheap dilution from a float of 11M in january 2020 and will become 54M after the shares reserved for issuance become free trading. Diluting shareholders and rewarding a select group to make money
Comment by
dart321 on May 20, 2020 5:44pm
Chances of those PP shares flooding the market is very, very high. The PP price was 31.5 cents I believe so to think these people are not going to blow their paper off is not realistic. I would also suspect that some of those old PP holders will sell to buy into the one being done now. In my opinion the only issue is to see how low this will drop.