price trend and the LIFE offering
One more challenge that RDW is facing is that if the LIFE still trying to get new buyers who have never heard of TLT till now. However, those buyers are going to hear that the offering is for 0.22 per share and when you look at the price chart is is nothing but falling stock value for the last 12m. Not to mention the last few weeks.
I really doubt a newbie, who doesn't know MacFarland's science, is going to buy a 0.17 c stock for 0.22 when they look at the graph.
And I think everyone else who knows about TLT and wants in on the LIFE are in
So my prediction is that they will have to announce closing soon with whatever money they got.
sigh.