Friday, February 07, 2014 2:33:41 PM
There isn't "blood in the streets"
I just see a good stock under considerable pressure and have to ask "why?".
I get it... I understand the capital/debt structure of the company quite well and I'm not bashing them for increasing the A/S. They're short and cash and want to have the increased liquidity that 3 Billion shares offer...unfortunately, too many times in these penny stocks the MGMNT teams of other companies have used the increases A/S to enter into very toxic debt arrangements.
1 bad apple ruins the bunch...so bad apples before PHOT have used increased A/S to destroy shareholders and THATS what I think is causing the pressure on PHOT... I think that smart money would exit here and then wait and see what kind of debt/equity financing the company starts to enter into. If it's toxic with very dilutive terms then they'll punish the stock...if their debt/equity financing plans are with reasonable terms they'll see management is straight and they'll come back in... Until then, it appears they'll exit
Recent PHOT News
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 05/16/2024 08:10:40 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/05/2024 09:37:01 PM
- Form D - Notice of Exempt Offering of Securities • Edgar (US Regulatory) • 02/02/2024 09:22:33 PM
- Form 10-Q/A - Quarterly report [Sections 13 or 15(d)]: [Amend] • Edgar (US Regulatory) • 07/19/2023 08:43:46 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/19/2023 01:36:57 AM
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