Post by
aweigh on Oct 12, 2012 2:49pm
Will we close the PP early ?
The stock price is holding up which indicates that selling into the bid to raise cash has subsided and demand for the stock isn't waivering either so I'm thinking that the PP could close sooner than Oct. 18th. Don't think there was anything magical about that date, just a reasonable estimate of the time it would take to put the money together. It's only $ 5 Mill split between 4 Brokers so it shouldn't be difficult to fill, I'd be surprised if it isn't oversubscribed !!!!
Comment by
Rickthevet on Oct 13, 2012 11:23am
I was able to pick up 30K of the PP shares relatively easily. From my prospective it seemed not to be extremely overbought. It is still set to close on the 18th and that is the day the shares need to be paid for. So from that, if we can remain solidly above 65 for the next couple of days it should bode well for the end of next week. Rick The Vet
Comment by
aweigh on Oct 13, 2012 5:05pm
Thanks for the update, more irrational exuberance on my part I guess.