RE: 1 days until next dilutive placing?12 Jun 2024 06:41
Dogs, I agree a placing is highly likely to happen soon if you look at cash burn rate of the company ! Would think that this one likely to be severely discounted after all the pumps have failed so far, meaning placees likely sold quite a few at a loss, so to participate you would imagine they would want to have much greater difficulty discount to ensure they do not have to sell at a loss again. Gives the few a chance to make up their losses but just screws Pi’s once again. Yes people look at risk reward and think there far greater upside, but reality is even buying at 0.05 means you can be down 20% in a blink of an eye ! Look at those who bought at 0.06 , with sells at 0.045 yesterday they all ready severely in the red !