Well, it could be that some restricted shares came off restriction, and entered the float, and they are selling now, to get the tax loss, and will buy again in 30 days.
unfortunately we have no access to the 144's..... I can't find any listing at all for PRWT. Has anybody else found anything? And if this is the case... WHOA, we have quite a dilution... and is the seller done????... We don't know, and won't know until the volume dries up. And there's no guarantee that they will buy these shares back, is there?
It could also be that there were negotiations with a company that was to get a payment of shares and cash for PanAm acquiring that company. They could have (the new company) hooked up with a market maker, to short the stock in a big way, so that the share price would drop, causing them to get more shares in the transaction.
IF this was the case, I'd expect John to tell the company where to go, and break off negotiations.... any sensible business man would. And if he didn't, well, I wonder what type of business men he's bringing onto the PRWT team.....
Another possibility are private placements.... debentures....How has john been financing these deals???? We don't know what 144's are out there or the number of them,..... to tout jhild's cry.... we don't have those financials, do we?....
do we know the number of AUTHORIZED shares for PRWT??? |
