No one will like this but, PRR was one of the most over-hyped stocks seen on HC for a while.
a billion shares on issue
cash burn only going to increase
delayed dubai (I believe Nov 2011 this was to begin)
questionable market size (DYOR)
massive trial to fund
no income
taxi driver's were all over it
and now unsolicited emails from the boss saying please hold on, everything's going to be alright?
All this and it still has a MC of 165 million today.
good punt spec buying for the bottom drawer around these levels if you feel you must, but better income producing stocks out there after the global sell off.
Saying that, no one likes seeing a stock they own haemorrhaging so hopefully a rabbit gets pulled for holders.
for some here, the rose coloured glasses are finally off - now let the real process of proving up the product begin.
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