Digital Power Corp (DPW)

[PennyStockTrader2]

Just noticed, announced this past Monday, an 8-K subscription agreement with 8 accredited investors for 416K and preferred C shares (new class) convertible @.60/share. Ironic the stock was trading around .54 when the agreement was signed 5/24, and has since dropped 25%. So, these investors obviously believe in the company and to boot, the warrants they received are for a buck/share.

the placement agent gets 10% of proceeds which brings the raise down to around 375K, hmm.

My conclusion remains the same: the insiders know what they have and where they are going, and some savvy outside investors believe them. The lemmings meanwhile can't stop selling. I am betting on the former.