RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:The 2nd PPScience First, As I have mentioned in my previous post, I have no problem with the PP. I do believe the timing of the second follow up PP is to benefit a select few of friends and family Accredited investors. The second follow up PP could have been easily done after the BTD or even AA is in the bags as originally forecasted by the Management. These select "Accredited investors" can purchase one share + one tradeable warrant at $0.25. Turn around and sell the warrant at close to $ 0.12 will reduce their holding cost of one share at $0.12. agree I could be off on the selling price of warrant, I am just using an approximation based on current values. NOW. Please try and explain how this does NOT benefit the select few Accredited investors.
I sincerely beleive that this Management have a good product and have done incredible amount of work in bringing this product to the current. Otherwise, I would not be an investor that is a NO BRAINER. However, I also believe they have been very fairly compensated with salaries, Perqs etc.. The crux of the issue there is no real BOARD Of Directors Governing this company.