FWIW, I read the press release more carefully and note that the dollar amount is established but the number of shares are not. R&R gets $1.6 million to facilitate the offering, which is about 7% of the purchase pprice. I presume that means that the average close between now and July 3 will determine how many shares are assigned to the direct offering. Now, if the pps were just a bit better, the terms are better than what PPHM has achieved in the past. Will the pps be driven up, down or stay steady over the next three trading days?
Perhaps the SEC filing carries more details?
Best wishes and IMO.
KT
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