I see people are still hoping the (EX-HEAD billionaire) will dump money into this deal and everyone gets to ride on his dime.
This guy is not the type who shares. By now, you must have got that feeling in your gut that something is not right. And, you sense that the billionaire has no intention of putting cash in. He's letting management raise as much as they can on their own, as per agreement and when they are out of bullets he'll converts his notes and take everything. That's how he plays the game, he doesn't share with investors, he takes all. He won't leave enough money to buy a ham sandwich when he's done.