The last time peix did a dilution, it was at a 25% discount. Just think, if they do another dilution, and it's at a 25% discount, that brings the price at Friday's close down to $2.75.
Another thing, BIOF up 85% from its 52 week low, peix up less than 2% from its 52 week low.
Actually, if memory serves me, several of the last dilutions were priced at a 30% premium, i.e., they were priced at $.39 when the pps was $.32, and then surged up to the offering price before doing what this stock iis so good at, dropping back to the pre-offering price. We used to argue whether or not it was going to drop into the 20's, and it didn't....UNTIL the r/s. Trading at $.24?!?!?!? If I were the Oracle of Delphi, I would read that as indicating major disaster for the world.
that was the big issue with an R/S...........the higher the price, the more room to fall. This should not be surprising to anyone, now we have a fresh bunch of shorts who see plenty of downside on a company that blatantly refuses to produce profits.
They were never priced at a premium. Why would investors pay a premium if they can just buy on the open market for a cheaper price. What you say makes no sense. You'd better go back and check because it's always been at a discount.
This is a very good point. I'd venture to guess that the price has been collapsing in part due to it trying to catch up with the inevitable discounted shares. Maybe Neil and company will discuss and explain what is happening this week. Probably not, but maybe they'll have something positive to say.