To create a Q&A press release to talk about the weak POTASH market just demonstrates these jokers ignorance. What a waste of time. Who doesn't know the industry is weak. They have cost every person who has ever bought this stock money. They are all fools and will go BK sooner than later.
short with immunity....
The idiots in management positions and on the Board are incompetent thieves and have diluted shareholders with preposterous rights offerings and secondaries with warrants etc.....
The karlsson group will walk away with over $30 million and still retain every acre of property...I tried to get a large class action law firm to go after PGRX and its bankers and they dont want to waste their time....Worst company in the last 50 years.
Not when they raise $5 million at .12 cents a share and pay investment bankers $1.5 million of the proceeds as fees and attach warrants....complete jokers..wasting money and killing shareholders. They spent $5k on lunch....and got nothing for it.
$150 per person for lunch at 21 club and stock went down and no new funds raised....5 cents on way..no t one shareholder has made money on this stock
they spent half the proceeds from secondary offering on lunch.....dumb
do your homework before saying anything. There were 72 million shares outstanding at the end of 2012 over 50 million warrants exercisable above $1.75 that will never get there. They raised $5 million at .12 cents or 41.6 million shares with additional warrants exercisable for three years at 12 cents for another 41.6 million. They allowed very hungrary LLC to convert their $5 million into shares at 12 cents with an additional warrant for 5 years at again 12 cents. That alone is an additional 168 million shares. on top of that they gave the Karlsson group warrants to buy close to 150 million shares below 20 cents...and management has another 50 million options....In addition they need $1 billion to build mine and another $100 million for expenses...more dilution
managment is as dumb as they come..directors a greedy and stupid as you will find...
I havent sold a share..but at the same time management and board are the dumbest people i have seen in this business for 25 years. Im waiting until this company goes bankrupt and another company is reversed merged into it and my shares may gwt back to 35 cents one day....anything else is a joke with all the shares outstanding and dilution...mangement stole and raped every shaeholder
The stock will open at $4 a share and then selling will kick in again bringing it to $2 a share makingit worth the equivalent of 4 cents a share in todays terms......They destroyed the company for share holders and will only make deals that dilute everyone but help the insiders gain more shares....
maybe if the board and all management quit
read the 8k describing all the deals they have done and warrants deals at 12 cents..endless dilution
there is over 400 million shares outstanding when conversion takes place.....
they turned down 100 million to raise 3.5 million at 12 cents a share.........really believe they are competant.
they terminated the deal and had to pay an $11 million breakup fee..