This is going to be a tough sell Net out your "Peter's" participation and this is a tiny oiffering with a short closing date.
The company needs money fast, and the market sees that.
The fundamentals awful.
The CEO has been dumping shares like it's a sport.
He sold over half a million shares in December and January under $1.05.
He sold 146,000 shares under a buck.
That may well invite scrutiny.
Institutions won't touch this.
The results at closing might be dismal.
This could be the death knell.
It reeks of despration.
I expect it will close in the 80's.
In my experience, I don't rule it out.