For all of the human drama as the board adjusts to the reality presented in the SEC filings ~~~where investors find the facts spelled out~~~ PEII continues to hold at .0004, though it has seen nervous retailers spill at .0003.
But there is also another reality that is unfolding. So to face squarely into it, I have analyzed my holdings to determine if a 10:1 RS were to take place to get share price to $.10, or if a 100:1 RS were to take place to get price to $1.00 (same question) and take this to a bigger board...would I be happy with my take in this game. The answer for me is yes, very happy indeed!
The very fact of the matter here is that when Floyd and Petron looked at and analyzed their situation, they knew they would have to dilute to get the cash needed to finance Petron to profitability here. The filings reflect that they anticipated the dilution to occur in double zeroes...but the market forced this to triple zeroes. The same dollar amount is necessary for Petron to get where they need to go, but they had to adjust their filings to reflect market reality, and increase the AS.
All just my opinion, looking to add nervous nelly shares to my holdings, GLTA.
