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Re: PennyWorld post# 36282

Thursday, 10/12/2023 5:53:25 PM

Thursday, October 12, 2023 5:53:25 PM

Post# of 36581
Correct me if I’m wrong but I think the earnings report will be out later this month. Perhaps we will get a glimpse of their cash position, but I see no other way out except an r/s followed by share dilution. The problem is you need buyers in that case. Who in their right mind is going to buy this stock through an offering now? If I recall they had trouble finding buyers in the last offering and the company is in much worse shape now.