Post by
Stevesack on Nov 27, 2024 11:12am
PP makes me wonder
A couple of thoughts come to mind with this latest PP announced at what i think is a far to low price of 6 cents. The stock price was starting to get to the highest levels of the year at 8 cents. So they do the PP at 25% less and 25% more dilution. It is not a flow through offering which investors are seeking at this time of year and they can usually do at a higher price. A FT offering means the money has to be used for drilling purposes which might give us long suffering shareholders a glimmer of hope. On the positive side if Doug Eaton, Matt and Strategic take down all or most of this offering it may signal that something good is happening and these folks wanted to increase their position pre emptively. Let's hope
Comment by
desertmule on Nov 27, 2024 12:47pm
Stevesack.... anonymous doing a lot of buying last month and has done a lot today... usually that entity does all the selling...stock now trading at $.09. ....3 year warrant also .looks like a gift!!! I think there's more here than meets the eye... we'll see how long it takes to close....