well the $89,500 in current dollars stock added, with $313,000 being the current market cap of the stock is 28.5% added dilution.
If one were to buy up all the shares with just one investor, there is a possibility that PRGL would just reverse split and then further add more dilution to the stock at the same time.
So the pattern may repeat itself again, of stock falling, reverse split and further dilution because the co. has no choice to raise funds to do something.
That or a company may reverse split and dilute in order to protect itself from a hostile takeover.
So I wouldnt recommend that a person put a 2nd mortgage on a house to buy the float, rather to invest a smaller portion if they like what PRGL is offering.
After all, its on historic lows.
Good to buy in, but as always caution is in order.
