I just can't see them getting away anywhere near, say, 50% of what they're asking. RTR's June EO could only manage 35%! I'm assuming the POS Board is acutely aware of the challenge and have very likely super-sized the offer to get whatever the market will give.
Talk about throwing good money after bad. Instead of winding the company back to a basic skeleton cost structure it's turning into a case study in value destruction. And there's still dumb money sitting on the bid at 0.4c. We'll see how long that lasts.
I feel like the guy who broke his leg after jumping off the train 1/2 a mile back who is now sitting on the berm watching a high-torque low-speed derailment.
Cheers,
Z
PS. Check that free oppie count. The freebies will only be 1 for every 3 entitlements accepted. In any case, just more potential dilution on top of dilution, just to make the train wreck a little more interesting.
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $16.81M |
Open | High | Low | Value | Volume |
0.3¢ | 0.4¢ | 0.3¢ | $17.82K | 4.544M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
118 | 96772660 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 44024807 | 51 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
118 | 96772660 | 0.003 |
33 | 57325990 | 0.002 |
17 | 34412754 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 44024807 | 51 |
0.005 | 29088058 | 19 |
0.006 | 8516341 | 10 |
0.007 | 1644708 | 7 |
0.008 | 1800000 | 1 |
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