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medicinecat

10/12/23 5:53 PM

#36284 RE: PennyWorld #36282

Correct me if I’m wrong but I think the earnings report will be out later this month. Perhaps we will get a glimpse of their cash position, but I see no other way out except an r/s followed by share dilution. The problem is you need buyers in that case. Who in their right mind is going to buy this stock through an offering now? If I recall they had trouble finding buyers in the last offering and the company is in much worse shape now.