I think elahens is right We have to Value PEIX at 24 to 25 million shares
The guy is a serial diluter and using the stock as a Currency
That really struck me as quite excessive to Suck money out of the Company for himself , Series B holders and the company when they are making enough money to do all this with earnings.
it violates reasonable anti-dilution principles.
he really is wiping his ass with the common shareholders by Using the stock as a currency in a time of the Best Profitability in Industry History.
This is Something start ups or money loosing company Do,
as was said earlier.
what is your price target now with 24 to 25M shares in mind ?
Regardless of this , PEIX shares are Worth at Least Double
the Current price per share Now in my Opinion.
It really Appears the Management is Trying to Push the
Share Price Down on Purpose with the Barrage of Dillution
Insider Selling,Filings and re Filings of Prospectuses
and Such.
One Must Ask,
What Is the Purpose Of THIS ?
Does the Company Not Want a High Share Price right Now ?
How Will this Affect Institutional Interest at All these Investor Conferences ?
Is this a RED FLAG to Institutional Buyers at The Conferences ?
Is their Some Reason of Benefit to the Company , Preferred
or Common shareholders ?
Or Is this Just Bad Management and GREED ?
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