Well said. Nothing has changed. Everyone here wants to get rich quick. It doesn't happen like that.
I think that the current PPS drop is part St George selling, and part orchestrated for someone to take advantage of the offering discount.
I do hope that Parsi and others participates, it would be a big red flag if management were allowed to participate but chose not to. On the other hand, the MC of this company is so small right now, it wouldn't take much to acquire a controlling stake and kick Parsi to the curb.
I think $15M could do it. And I seriously, seriously doubt Parsi is smart enough to have included poison pills in his operation agreement to prevent such a maneuver. He owns $26M shares. There are 135M+ OS right now. I'd bet that if someone wanted to tender an offer to all shareholders at, say, .20/share. Needing only 51%. Most would accept that in a heartbeat.
