RE:Second Email from Deanit's going to be a waiting game .. but if they succeed... they'll be announcing the news first then launch another PP. If that's the case, i'm pretty sure insiders would be participating in the full offering. (you can confirm that with Canadian Insider after the closing). if all 3 of them checks out.. then i'll buy the stock after PP closing at a reasonable price. until then.. i'm watching.
if they can't get the renewal... then there's nothing left in my opinion.
good luck.
Risk reward at this time is around 200% vs. -80%. (from now till the the day of news announcement) IMO.
And contrary to what pumpers said.. you are lose money when you have unrealized loss.. and you make money when you have unrealized gain (based on bid price). don't fall into the self-soothing trap. imagine having an unrealized loss of $1MM which you need your stock to go up 50x to breakeven .. .ask yourself if you consider that a loss.