I'm not sure how I feel about PinePigs getting a seat on the BoD.
This may be my leftover sentiments of having suffered what some may call their bad faith antics, e.g. from them having sold us down the river at least twice so far.
Would they force the retailers out at $3-5, when we really deserve at least $12+ ?
Pricks. It'll be a long row to hoe before I'd be comfortable saying I trust them. And it's not even Shelly's blessing us with his efforts in person; he's farmed it out to one of his goons. And the goon is a Lawyer. Whoo hoo! We All Know That Lawyers Are So Trustworthy!
Am not really too keen on this, but
a) at least the warrant exercise price is a buck, and they oh-so-generously upped the unit base by 15c (so their real cost on the 15MM shares f/d is a whopping 82.5c), and
b) the dangling threat of apocalypse is delayed: we won't run out of cash in June anymore.
IMO, there should be a rule that existing shareholders get a rights offering before non-brokered PPs get to snuffle around at the trough. Where's *my* warrants? Pigs. Sheesh.
GLTA,
R.
