whywait
8 years ago
Bought PIP some time ago for the one-time divy. Got it, then sold later when I thought it was about to tank. Then, like an idiot, I bought it back before the merger effective date thinking there would be a chance to make money off the new stock price. Should have put that money somewhere else. Like adding to HUN, BPT, PER, WILL, ETE, ON or other stocks I own. Live and learn.
shotsky
8 years ago
Anyone know about the new S3 that authorizes more shares worth up to $100,000,000?
PIP S3
Usually, an A/S is defined by total share count, but this just says an indeterminate number of shares with that value. It is called a 'shelf' offering. Definition: Shelf Offering Definition
Is this just part of the machinations to accomplish the merger? I know there is a reverse split planned, but this is the opposite, and happens afterwards.
Not quite sure what this one means, but would like to know. I sold all my PIP a while back, but might buy back in if it looks attractive.