"I've owned several comapnies who have done PIPE financing who have NEEDED the money just as badly as PTSC did and they have negotiated into their deals anti-shorting language, and parameters. It's not and uncommon practice or clause, IME."

Since you've owned them I assume they must be publicly traded. Care to share which companies these are?

Not that this should be belabored as in actuality Lowell Giffhorn was the one that actually negotiated the ES deal, I believe. And for the third time, none of the present BOD were sitting board members when the the deal was struck. So scream all you want about what a bad deal it was. There is nobody present to hold accountable.