I definitely thought they would support this TO wi
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Posted On: 07/12/2019 10:02:38 AM
Re: HHIGambler #4754
I definitely thought they would support this TO with news. Been pretty quite since announcing current TO (only 3 mostly uneventful PRs since 24 June).
Maybe they expected news or maybe they expect Paulson to convert the majority of their warrants irregardless of news? If they don't announce something big next week then I would think $5M is a successful TO (mostly from Paulson warrants). If this raises enough to pay the convertible notes (either pay one off or at least a few months payments instead of issuing shares) to get to bigger news so be it. I hope I am wrong, but seems hard to break out of .40-.50c range when you continue to have an open TO......but I guess with the right news the selling will stop and buyers will drive the price higher.
Maybe they expected news or maybe they expect Paulson to convert the majority of their warrants irregardless of news? If they don't announce something big next week then I would think $5M is a successful TO (mostly from Paulson warrants). If this raises enough to pay the convertible notes (either pay one off or at least a few months payments instead of issuing shares) to get to bigger news so be it. I hope I am wrong, but seems hard to break out of .40-.50c range when you continue to have an open TO......but I guess with the right news the selling will stop and buyers will drive the price higher.
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