TTH
- the fact that capital has been raised in the last 6 months is a given. The capital that has come in has been fully factored in to my assessment - which seems to coincide with Decan's - that the company is out of cash within the next month or two unless everything else goes just right. If capital had not been raised they wouldn't still be around today.
- re the Convertible Note situation and share price above 7 cents etc. Not quite as simple as you make out. Conversion or redemption is at the Election of the holder of the note. If you were a noteholder and thought that the market for PLT stock was pretty thin and that the company was only just limping along. . . . .well, surely you would take the money rather than converting to equity even if the share price was 10 cents. I would not want to have $1 million of PLT stock to sell in the current market!
Cheers
Red
TTH - the fact that capital has been raised in the last 6 months...
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Last
79.0¢ |
Change
0.010(1.28%) |
Mkt cap ! $138.5M | |||
| Open | High | Low | Value | Volume |
| 78.5¢ | 79.5¢ | 78.5¢ | $20.63K | 26.08K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5847 | 79.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 79.5¢ | 28391 | 1 |
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