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Prospect Global Resources, Inc. Message Board

  • techglass1 techglass1 Mar 15, 2013 12:25 AM Flag

    My concerns are managment. They are careless in their dealings. They just raised $61 million in two public offerings

    and have wasted $9.5 on the Apollo termination transaction. $450,000 in severance to Avery (really?), Agreeing to pay 11% on the promissory note to Apollo..again(really). The Apollo deal itself. The terms of it were rediculous and all one sided. It have them millions of dilutive shares on top of a percentage of royalties and the high interest rate. The timing of the last secondary. The stock was almost$4.25 after announcing the Sinchuan Chemical deal. Instead of allowing the stock to rise they quickly announced a secondary that took the stock down and then they dragged their feet until the stock was $1.75 again diluting shareholders.

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