Have a look at the last private placement The final tally was 3,505,000 units at $0.80.
Pascali bought 1,450,000
A "private equity group who are in the process of acquiring Radian " bought 500,000.
Directors and senior officers bought 126,500 units.
That left 1,379,250 units that were bought by "others".
1,103,400 bucks.
Pyrogenesis often cites "access to the capital markets" in its discussions of liquidity.
That's a very big stretch.