You called it -- hit you with a member mark b/c IMO the stox you're currently warning about with similar dilution/toxic financing/debt defaults etc. should make members think twice or thrice...
Since Harmon is a major creditor and as you note no longer active as CFO although listed as one, he's apparently pressuring Pinon et al to scare up money however they can, by R/S and raising the A/S.
Fact that Pinon himself didn't return calls apparently is par for the course, few CEO's at this level do, and they often lie, make false promises -- I could name a few very recent crashes after exciting promises which enticed more bagholders -- so I wouldn't have made too much of that alone.
But we've heard nothing from the named IR firm or on DJN or Newswire, and may not see public news about the R/S on brokerage sites until after the fact as often happens, maybe that's why there is so much still left on the Bid.
This isn't one of the stox I followed too closely and amount I'd invested wasn't huge part of my portfolio, I did flip it couple times so made money, after all these pinks often have a life of their own based on what PPL believe about them as much as what they are. They did have a good biz plan: maybe Pinon actually believes in the company he founded but no one else does and wants their $ back. The list of creditors incl. Asher tells the story...
No one in management has done anything to warn shareholders but IMO their inaction and silence tells the rest of the story.
AI
