well you are right, i wont convince you.
but at the very minimum, if an executive issued shares to family and close friends at 2 cents, and i had put money in much higher 1, 2 or 3 years earlier, and this cheap pre public offering wasnt offered to me, i would report this not only to the SEC, but i would probably sue the company and the executive for self dealing. but thats just me. they will probably never release this info, but those who know, know a lot.