Wednesday, June 01, 2011 2:29:36 PM
LOI's are only positive to a certain number of retail. In my opinion, they don't have the same force as once did and too many traders or investors know now that the biggest percentages of LOI's for pinks never come to pass and are only used for PR fodder. Hence the lack of pps force that has been happening (or not happening depending on how one looks at it).
But this is a pink and they will "finance" or dilute, how much and how hard or when is anyones guess. But that a pretty large Authorized Convertible Share number. Why one has to look at.
How it effects the pps or how many will believe in some "company" (BNPD) or how much money those believers have to put into the stock will have to be seen.
Not too much so far.
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