https://mailchi.mp/pacificedge/us-cl...9?e=7843e72003
https://www.urotoday.com/video-lectu...th-konety.html
Interesting video.
Interesting timing on communicating it to their investors.
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https://mailchi.mp/pacificedge/us-cl...9?e=7843e72003
https://www.urotoday.com/video-lectu...th-konety.html
Interesting video.
Interesting timing on communicating it to their investors.
Where have all the buyers & believers gone?
Millions of unwanted rights being sold at ever cheaper prices and there are no takers fronting up?
I wonder if the directors are selling their rights as they (based upon history) have no intention of fronting up with their money to support capital raisings.
The $20m to be raised is underwritten so PEB will survive another year or so.
Let's see how much stock the underwriters have to suck on.
It's an extremely dilutionary rights issue (10c versus pre-announcement sp price of 16.5c) so there's value in the rights which can and are being realized by those who have had enough of putting good money after bad.
Question is whether the directors and management pick up the rights or sell them.
Going to be fascinating!
It suddenly dawned on me that I could sell the rights, so I did (for 2.5 c), and after brokerage got enough for a few bottles of really nice red wine.
We'll have them at Christmas and toast that barefaced liar DD.
PEB and BLIS listed roughly at the same time (2003). At the current spiral downward it wont be ling before BLIS share price transcends PEB, and unlike PEB makes a profit already
Hmmm so do you have to accept your rights before you can sell your rights? Or can you just sell your rights? The Bear is quite confused by these rights things :confused:
Dont tell Balance but The Bear had a small holding of these stinkers with a big red arrow beside them. The mention of them smelling like a Wynyard terrified The Bear into selling them today, for a 50% loss, but oh what a relief! :) So now what happens to those rights?