Posted On: 06/20/2016 10:10:26 AM
Post# of 1545
$PSGR A thought in passing. The investment firm, Blackridge, had committed to the purchase of approximately 10% of the common stock with a sum not to exceed
$1 Million. Pershing Resources (PR) has NOT issued a Press Release with respect to the SEC acceptance of the Blackridge purchase/investment. Did Blackridge just get screwed by PR? The alleged agreement was that Blackridge could purchase the shares at the lowest share price for X number on days prior to the SEC ruling. IF the paperwork is currently being completeed or has been completed, Blackridge will have to buy the stock at the lowest current share price. IF (yeah, it is a 'done deal' with the number of shares owned by corporate personnel) the stock issuance/availability is doubled to 500 million shares, IN MY OPINION, the share price will reflect the doubling of available shares and go down, down, down. Blackridge will experience the 'joy' of watching its investment go down the tubes....welcome to the club of long time investors who have seen this BS occur over and over again. Nah, Blackridge is an investment firm and would not allow itself to be screwed by a little company that has produced NOTHING of value to the shareholders for 20 plus years. Maybe there is another answer to why Blackridge is/has invested in Pershing Resources. Maybe the answer is......
$1 Million. Pershing Resources (PR) has NOT issued a Press Release with respect to the SEC acceptance of the Blackridge purchase/investment. Did Blackridge just get screwed by PR? The alleged agreement was that Blackridge could purchase the shares at the lowest share price for X number on days prior to the SEC ruling. IF the paperwork is currently being completeed or has been completed, Blackridge will have to buy the stock at the lowest current share price. IF (yeah, it is a 'done deal' with the number of shares owned by corporate personnel) the stock issuance/availability is doubled to 500 million shares, IN MY OPINION, the share price will reflect the doubling of available shares and go down, down, down. Blackridge will experience the 'joy' of watching its investment go down the tubes....welcome to the club of long time investors who have seen this BS occur over and over again. Nah, Blackridge is an investment firm and would not allow itself to be screwed by a little company that has produced NOTHING of value to the shareholders for 20 plus years. Maybe there is another answer to why Blackridge is/has invested in Pershing Resources. Maybe the answer is......
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