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Thursday, June 15, 2017 9:57:10 AM
This morning I leaned that PEIX posted on June 2nd a Securities Registration Statement for offering $175.000.000 worth of common shares.
http://ih.advfn.com/p.php?pid=nmona&article=74914529
There can be a lot of reasons for them to do so...but I can't help thinking it might have anything to do with the settlement. It has been a long time since their last offering. Most have been to bring debt to zero. They don't seem to need the money at the moment. It could be for a takeover. But they used to just post a PR when an offering was in the make. There hasn't been any yet...could it be they are waiting for the settlement to be announced?
I just can say, I hope I'm right! It might drop my peix shares, but I think GERS will make up for it!
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