Tuesday, April 02, 2019 7:38:47 PM
I don't know why you keep going on with this nonsense about if there's an AS the bottom's going to drop out and it's the end for all shareholders. Get a clue, there HAS to be an AS increase, there's GOING TO BE an AS increase and EVERYONE ALREADY KNOWS IT. Except you, apparently. That's what the filing was about at the end of Feb, and there's notes all over about it in the 10-Q that just came out. Wake up.
With the gov approval, the company's worth a ton more than anything near this price range, so if you're worried about an AS increase, just sell. Someone will buy your shares, it's no problem. You're green now, right? Who knows, we could see a filing for the shareholder notification any day now telling about the AS increase. Of course there's some 20 day delay for a notification mailing and some kind of filing to make it effective, so you might have another 30 or 40 days after we hear about it before it is done.
But as others already pointed out, an AS increase means nothing in the scope of this situation. PGUS is extremely undervalued at this point. Getting that written confirmation of the government approval is the key to everything.
With the project approval, we'll get the funding closed. And we've already been told in the 10Q that a $2.5 million bridge funding is supposed to close in April. Gee, it's all starting to make sense now, isn't it!
We get that funding, whatever is left of the convertible notes will likely be paid off, as Jan originally intended. I'm sure he'll work out deals with them to do that. But that's not the most important thing. With the HUGELY IMPORTANT government approval and the first $2.5 mil funding Jan is able to get something started and launch Cielo Mar sales and break ground on the infrastructure work - and we're in a much better position for getting the larger funding that Jan's talked about, PLUS early sales to investor types (and whatever EXIT does above and beyond investors types) will also be funding the development. Just read the feas overview PDF on the website.
The AS will be increased for giving the private placement investors their true up shares, among other possible uses that PUBLIC COMPANIES use their stock for - raising capital for funding their operations, growth, expansion or acquisitions.
from the Jan31 10Q:
With the gov approval, the company's worth a ton more than anything near this price range, so if you're worried about an AS increase, just sell. Someone will buy your shares, it's no problem. You're green now, right? Who knows, we could see a filing for the shareholder notification any day now telling about the AS increase. Of course there's some 20 day delay for a notification mailing and some kind of filing to make it effective, so you might have another 30 or 40 days after we hear about it before it is done.
But as others already pointed out, an AS increase means nothing in the scope of this situation. PGUS is extremely undervalued at this point. Getting that written confirmation of the government approval is the key to everything.
With the project approval, we'll get the funding closed. And we've already been told in the 10Q that a $2.5 million bridge funding is supposed to close in April. Gee, it's all starting to make sense now, isn't it!
We get that funding, whatever is left of the convertible notes will likely be paid off, as Jan originally intended. I'm sure he'll work out deals with them to do that. But that's not the most important thing. With the HUGELY IMPORTANT government approval and the first $2.5 mil funding Jan is able to get something started and launch Cielo Mar sales and break ground on the infrastructure work - and we're in a much better position for getting the larger funding that Jan's talked about, PLUS early sales to investor types (and whatever EXIT does above and beyond investors types) will also be funding the development. Just read the feas overview PDF on the website.
The AS will be increased for giving the private placement investors their true up shares, among other possible uses that PUBLIC COMPANIES use their stock for - raising capital for funding their operations, growth, expansion or acquisitions.
from the Jan31 10Q:
ALL IMO
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
