RE:and so we waitDJDawg,
I think the answer to your intersting question lies somewhere between Explanation 1 and Explanation 2. Roger got burned the last time he did a public offering; and who can forget how we all suffered watching the share price drop from around .48 down to .25 with no explanation, until news was finally provided after all the damage was done. That experience turned him off. A lot of investors got turned off too and I think he may have lost a sizeable pool of folks who would have otherwise continued to support him in the last few offerings.
One hopes that these small PPs are strategic and will shortly get us to the news/$$ we await.