Post by
DJDawg on Jun 18, 2024 7:03pm
Interesting risk
The way this is all timed is interesting. The email announcing the PP said that the paperwork (contract) had to be sent to the company by Friday. With the spate of recent NR's they have created anticipation. By doing the AGM and the virtual presention tomorrow they are taking a chance. If the updates between now and Friday are same old same old (BTD in later 2024 for example, no more details) then a chunk of the wealthy people who sign up for these PPs could just choose not to join. After all, the price always drifts down anyways unless there is some true driver. If I had a bunch of cash around, my options would be PP on Friday for 0.22 plus warrant or buy a bunch at 0.16 in a few weeks. Which is a better deal? 0.16 I think.
So they are taking a risk that the news this week will inspire enough confidence up to Friday to get enough cash from the PP.
Does that make sense? They have timed it in such a way to lead up to a big PP or to a really bad PP.
Comment by
Alamir1111 on Jun 18, 2024 7:39pm
Let's hope the new pp participants have better luck than the one expiring in august
Comment by
Gooseybear on Jun 18, 2024 8:26pm
The PR announcements regarding the impacts of Ruthherin are compelling. Given Roger's history., I would believe that he would be conservative in his statements. Thus, I'm extremely excited and loaded up.
Comment by
riverrrow on Jun 18, 2024 9:01pm
For some reason I believe the closing date is June 28, and they've been known to close as much as a week after the proposed closing date.