Please see my two (2) postings on the other BB, under my posting name there as gilhandand1. I posted one last evening speculating that Pem does not intend to draw on the new PP to the tune of 50, 75 or 86m new shares. During the night I have been able to get confirmation from reliable sources. The NR had to be worded the way it was written. So, please don't panic thinking PEM pulled a fast one on us. To the contrary. They were going to have to issue about 20m new shares under the old warrants, and hope to do no more than the same number of new shares in the new PP. Anyway, please read my two posts on the other board. I am continuing to get, and am awaiting additional confirmations. . . . For those who got scared out of their wits, like me, I think we can rest easy, based on what I have been able to learn.
I discern NO wrongdoing by the company. I firmly believe the opposite is true. They have been backed into a corner due to cointinued share price declines. And, NO, Del is not encouraging, fostering or allowing share price destruction for anyone. The share price declines forced Del to have to try a new approach, for all of our sakes.
Hope this is of some help. In the interim I urge some to contact IR this morning for confirmation.