Re: Why can institutions buy PTK at 36 cents?
posted on
Oct 30, 2016 07:49PM
The simple and less damaging would have been to offer all existing shareholders a share and a warrant the day after the THM at say the 5 day average price. Probably 30-40% of us would have done it and they wouldn't have had the share price fall and p--- off so many people. In addition, to get the $10mil they would have had to issue probably less than 1/3 of the shares and they wouldn't appear to be in a panic mode making the next raise easier and less dilutive. They also would have saved the cost of the road show and a substantial portion of the commissions. I didn't know when PC and CC told FJ & Rainer that the new exec were going to take us places we had never dreamed of that they would give us this nightmare.