Prospect Global Resources Inc fka PGRX

[Sryinex]

Lol, these filings.

They're proposing(and will get) approval for another reverse split. They're going to be offering 25M$ in new issuances(as expected).

Like I've been saying before, the terms of the issuances are key in determining whether the company will be profitable for the common shareholder.

This has sealed the deal for me. Stay away until after the offering is completed as your value will have a very large chance of decreasing. The game will basically be "reset" after the offering. They will be debt free, but will also be broke. They will need to find more ways to finance the project immediately afterward. It is possible that without the debt overhang that they will be able to field more favorable ways of financing for the common shareholder but that is left to be seen.