Never claimed to know it all. In fact, just the opposite - My knowledge is but a poor blunt instrument to be sharpened by the sharp attacks of the more fully-informed followers like you.
That said, why would a new investor who saw the Cheddar interview elect to buy on the open market when there's a better deal through private placement?
Nick can always take care of himself through compensation comprised of lots of stock and options. You? Not so much.
But, please tell me more. My inadequate knowledge longs to be supplemented by the gentle and not so gentle teachings of the better-informed.
On a positive note, Nick is noticeably successful in getting press and he is a really really smooth-talking guy. Brings to mind a song:
Sweet talking guy, talking sweet kinda lies
Don't you believe in him, if you do he'll make you cry
He'll send you flowers and paint the town with another girl
He's a sweet talkin' guy
(Sweet talkin' guy)
But he's my kind of guy
(Sweet talkin' guy)
Sweeter than sugar, kisses like wine
(Oh he's so fine)
Don't let him under your skin, cause you'll never win
(No you'll never win)
Don't give him love today, tomorrow he's on his way
He's a sweet talkin' guy
(Sweet talkin' guy)
But he's my kind of guy
(Sweet talkin' guy)
Why do I love him like I do
He's a sweet talkin'
(Sweet talkin')
Sweet talkin'
(Sweet talkin') guy
Stay away from him, stay away from him, don't believe his lyin'
(Stay away from him)
No, no, no you'll never win, no you'll never win, loser's in for cryin'
(No you'll never win)
Don't give him love today, tomorrow he's on his way
He's a sweet talkin'
(Sweet talkin')
Sweet talkin'
(Sweet talkin')
Sweet talkin'
(Sweet talkin')
Sweet talkin'
(Sweet talkin') guy
Stay away from him
(Sweet sweet, sweet talkin' guy)
No no no you'll never win
(Sweet sweet, sweet talkin' guy)