Last month's offering was priced at $0.95 and completely sold. Given a closing price of $1.16 today and last month's offering price, what are they thinking? Things must be dire. Why else would they do this? What a disappointment! This is a disaster.
Wow...no reason for it. How did they ever settle on that price? Unbelievable! I really wonder what Platinum's position is. They have an out on their latest credit agreement as there was a no dilution clause....I wonder if they took it on the last financing and why Echo now needed to go back to the well; Platinum giving flipping Mooney the bird when he asked for another advance upon the credit line. Something is truly rotten and Platinum must have either bailed or is getting screwed with the rest of us. Something's going to change. I'm tempted to buy in below .7, but if this is a last ditch effort by Mooney before the wheels come off, even 70 cents isn't a bargain.
Hmm, now we know why there has been high volume the last week. Inside information? If true, I hope those who sold on inside information don't lie when the FBI questions them. Remember, the coverup is always worse than the crime itself!