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Sunday, August 30, 2009 10:35:03 PM
I would not use the phrase "greatly discounted prices". I have never done one at a 50-70% price level. Real companies (in my experience) do it in the 10-30% discount level. I have heard of companies doing PPs at the 50-70% level of discount, but I have never seen one that didn't HAVE to do that to get investment dollars. If what you believe is true about EXPH, they wouldn't have to either.
Still, the money does go directly to the company, buying the stock on the open market does nothing for the company... except maybe help the share price.
"I doubt you could show me one PP facilitated at current share prices in any of the OTC(BB) markets.."
- No, I can't. I wasn't suggesting that was ever the case at all.
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