There are only two reasons to raise 4.5MM in equity
pay off dividends and/or buy the last 10%. (Its 10% b/c 91 x 1.1=100)
So it would be 10% more ownership of profits.
For 1.7% dilution. That would be a sweet deal and send this to new highs quickly.
We will see tomorrow.
gl bears and bulls.
I noticed a mention of a $6.6 gain from reducing original loan of $35 million to $20 million because of some 6.25% discount from it all. Now that is interesting and good also. This was a pretty good move all in all.
it sure helps that PEIX is making Record Cash right now.