"but one must understand that these penny companies mostly exist for the benefit of directors"
I'm hoping that directors want the money from PNOO (even if it is for themselves and not the company). Their is still plenty of time to get the product on shelves and a few months of sales growth before PNOO expire. That should be enough, but ofcourse further delays or poor sales will hurt.
OBJ extended their options even though they were in the money. I wouldnt put it past John to do the same with PNOO. The options have all been issued for free to people buying shares. So alot of people including directors will have a large liability come conversion time. Much better to extend another 12months IMO.
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pno want the price to rise soon, page-5
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