Nothing has changed from yesterday. Just because the company has to report its earnings now does not mean that negotiations neatly concluded at the same time. The company is not desperate to make any kind of deal to satisfy the impatient, and is letting the complicated negotiations proceed at their appropriate pace.
I dont see any evidence its going to tank tommorow.
Some posters apparently think long term means 3 weeks !
Ive owned PRXI for 4 years now. (5/21/09)
I knew what I was looking at when I bought it. I figured it had MORE upside and it did but it got diluted by Sellers giving himself a sweetheart deal to buy more shares at low prices. Company did NOT need as much cash as was raised and the fair way would have been to have a rights offering with Sellers backstopping it.
Thats why I never bought more. Sellers is crooked in my view.
Lets just hope he doesnt take a few million under the table to sell to a low bidder.
duh. of course not. THats why they said what they said, the way they said it and again TOLD us the stuff IS being sold and they are working on it. I have been involved in deals before where I found out after they were announced...that the company knew the TERMS of the deal for SEVEN weeks and couldnt make a public announcement till 1000 diff details were worked out. Those who have a brain and arent psychotically short this stock, know that. Duh.