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kpisme

07/19/17 9:57 AM

#3556 RE: formerdtrader #3555

Grow downwards as they only now how to do!

The rights offering is proposed to be made through the pro rata distribution of non-transferable subscription rights to purchase, in the aggregate, up to 34,000,000 shares of the company’s common stock at a subscription price of $1.00 per share, to shareholders and certain warrant holders of the company on the record date of August 10, 2017.

certain warrant holders, sounds kinda fishy if you ask me. What IDIOTS! The stock will dump from this dilution.

Rhetorical

07/19/17 10:11 AM

#3557 RE: formerdtrader #3555

I think the certainty of downfall should be avoided, and the possibility of uprise should be chased after. That's simple enough, but the key difference is it's more important to avoid the pits in the road than to run full speed.

They are shooting themselves in the foot, and most of the potential upside isn't to the company, but the new investors. Meanwhile all the older investors are getting disregarded. It's like an inverted pyramid scheme.

Perhaps if they hold onto enough of these 1$ share provisions long enough and don't sell them, it could be good for the company - but that's a big if to incite a 20% fall (and still sinking).