TA Perspective, page-260

I have no intention of buying 1PG, but with close to $50m in the bank I think anywhere around 0.80-1.00 is an okay punt.

There is a panic going on at the moment, there won't be any raisings for a while (although I bet more happen) and with all that cash surely they can get some monetisation over the next 6-12 months.

But never try to catch a falling knife.

Good luck.