Originally Posted by
MickG0105
Share price is absolutely critical to them with regards to the PAG funding. The associated secured convertible notes are set at $1.50 a share. Any time Rex draws down on the PAG funding with their shares below $1.50 they have to stump up the difference in cash. When their shares were in the $1.10 range it essentially put the PAG funds out of reach.
Exactly, and that is why I am suspicious of large increases in capital on very low volume and then support of the share price on very much lower volumes against bad news. And this has happened for quite a long time. Doesn't make sense.