@djdutts, With the amount of cash and financial assets 1PG have available, I do not think they will go under. However, the effectiveness of the current business model remains to be seen and current management need to be put on notice.
The thing that amazes me the most, is how 1PG managed to raise so much capital when the SP was grossly overvalued. IMO, this monumental decline in the SP is more a case of returning to true value rather than the collapse of a company.
Is it currently undervalued? Perhaps. But the problem right now is the lack of confidence in the company.
1PG Price at posting:
23.0¢ Sentiment: None Disclosure: Not Held
