RA: I tole you, Jim ain't stoopid. He knows the Game. Squeeze every last drop from the PPers before you abandon them, take the PIPE and issue yourself a wad of new repriced options (taken out of a doubled pool of authorized - 5-7% of POST-authorized shares is twice the percentage of PRE-authorized shares. Compare 5-7% of 50,000,000 versus 5-7% of 100,000,000. And repriced down from over a $1 in 2005 to whatever the share price is AFTER the PIPE).
Griff ain't dumb - he's looking out for #1 and his buds.
Squeeze every drop of blood from the PPers stones and THEN dilute them to dust after their checks clear. Don't show the PIPE terms until AFTER the PPers are totally dried out.
Like all great salesmen, Jim always manages to *sound* so sincere, forthright, and upfront.
Now just sign here on the PP subscription agreement, pal/buddy/friend.
I'll bet the IPIX investors loved him .... at the time before IPIX went into liquidation bankruptcy and auctioned all their assets for a pittance in a REAL ESTATE AUCTIONEER'S AUCTION.
