If it was a NSS short getting extra stock to cover, possibly Perihelion was paid extra for the minting of the extra stock if an NSS firm had to cover, or for whatever reason the balance needed to be corrected. That or the balance was corrected at the transfer agent and no one benefitted, like in the case of a broker that went bankrupt years ago and the extra shares needed to be cancelled off. Its all very logical for the reasons why the PRGL board fostered negativity, as that was the marketing stage the stock was in. PRGL management said they wanted to find another stock transfer agent that was more transparent, so moving from Delaware to Nevada may have accomplished that. Lets hope the problems of the past are rectified.
This isnt new. As retails we are supposed to buy high and sell low. You supposed to buy in early and hold when the company shows promise and good news is out, you normally supposed to buy in high when you see your original investment going up. But then the expenses of building happen and years of delay makes the stock lose its luster. The goal is to get you to sell all your shares back at a loss when the stock drops or crashes.
As retails we are supposed to buy high and sell low.
At this point, the plant is online and may still face the smoke and mirrors of setbacks or just normal everyday problems of trying to get a bio-plant running at full steam. Thats when the couch hits the brown lawn, the music gets turned up and the beer bottles thrown everywhere. The extra stock printed to covering an NSS short, or extra stock for PRGL to still sell, should mean that PRGL has extra funds in its coffers to realizing the job of becoming a producer.
It wouldn't surprise me if the NSS has been covered mostly with the extra authorized shares. If it was covered and was from another firm, then Perihelion now has extra funds from that firm. If it was PHGI/PRGL themselves doing it, then they still have new extra shares to sell to raise funds.
At some point, the lawn will turn green, the neighbor next door will be bought out and the price will gap up to what it should be worth, either that or the company will close it all down.
I think I know the risks, either way.
The new fence has been built, bio-plant running or not
Here it comes.
