Sounds like an emergency hypecast to shore up the sinking share price. It certainly isn't a "quarterly" webcast since the quarter isn't over and they don't have financial results to discuss. It's really an "interim" webcast that was obviously scheduled in haste. The last "quarterly" one was less than a month ago (2/26).
The company needs to sell more shelf shares and these prices make it difficult. If shelf shares are sold below .19, then the conversion price on the CP shares will drop again, meaning that even more shares will need to be registered to be available for conversion. This is good for Polis and Barnes, but VERY bad for shareholders and the company. If the conversion price drops too low, then the company may not have enough approved shares to register for the conversion (a bad thing).
Also, at yesterday's and todays price's, many shareholders who bought during the huge trading volumes in early 1999 are now looking at a loss. If some of those millions of shares start being sold, the price could tank very fast. Unfortunately, the low trading volume in recent months makes this stock illiquid for those who have large positions. If any large shareholders capitulate, the share price could drop another 50%.
The company will attempt to reignite the hope that great things are just around the corner, as they have always supposedly been. But really, this time it's true - we swear.
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