Thanks for your reply. They may not have needed all those sales for immediate going concern (that was imo) but we don't know what is being paid for behind the scenes and at what times so keeping a good balance is important. I used the wookie's example as to the fact that it could have been any/many other reasons that they know and we don't.....just like the wookster's personal cash-raise deadline.
Mostly I wanted to respond to the often quoted "need for more shares now" for a near deal. There is no need now due to the shareholder vote that will be needed for any such big deal. This is another diversion perpetrated onto us by the naysayers. You have seen some new ones come out of the woodwork recently.
I agree that no, or less, ATM sales would get us above $1 sooner (or by now maybe). None of us true-longs like dilution and all true-longs are frustrated with the present low price.
Keep in mind that the traders don't care about dilution, cash flow, or any other fundamentals. They only care about their profits, generally due to volatility, and don't give a s**t about Peregrine. They will say many things over, and over, which are twisted or fake in hopes that you and I will believe it and dump our shares to them.
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