Dec. 22 at 8:25 PM
$PSHG If we assume Economou loses its lawsuit against PSHG, and PSHG converts all its preferred shares into common shares, and the
$1.65 and
$2.25 warrants are exercised, the outstanding shares will not exceed 42 million.
The cash/shares ratio would then be around
$6.
A stock with healthy trading trades around the price that gives the cash/share ratio.
BUY AND STAY LONG
If Economou wins and avoids the conversion of the preferred shares and the exercise of the warrants, even if the
$3 offer is withdrawn, the cash/share ratio will be
$17.07-
$20 in the short term. This is a strong buy at this level, and what's happening is a forced accumulation to acquire shares.
