I have no intention of buying 1PG, but with close to $50m in the bank I think anywhere around 0.80-1.00 is an okay punt.
There is a panic going on at the moment, there won't be any raisings for a while (although I bet more happen) and with all that cash surely they can get some monetisation over the next 6-12 months.
But never try to catch a falling knife.
Good luck.
TA Perspective, page-260
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