Prospect Global Resources Inc fka PGRX

[Tinkerer]

I sure don't understand this trading action. It appears that we'll be back in the high to mid 20's by the end of today or tomorrow. I'm still long on this stock, and consider it a great buy at these prices, but this is sure frustrating right now! Hope things turn around soon. Anyone trying to get in may want to wait for tomorrow...looks like it could gap down in the morning. I can't believe were not at $.60 with the news we got today.

By the way, I just sent a message to the company asking them a few questions:

1. Are you diluting the shares right now, selling them on the open market? (If so, that would explain the price action)

2. Do you intend to stay listed on the NASDAQ or do you plan to de-list to a lesser board (OTC)

3. If you plan to stay with the NASDAQ, do you plan to do a stock split to raise the price per share level to the minimum $1.00 per share or do you have some incredible financing lined up?

This is the 2nd time I have inquired about this information from their website; I'll let you know if they respond this time.