Yeah, it is crazy. You know, sometimes you just have to believe your lyin' eyes. When they announced the IPO at $17 million, I set up a spreadsheet with different scenarios, and tried mightily to figure out how they could make it work, considering listing requirements of a major exchange and the equity positions of Musick and Zamora. Ultimately, I just didn't see how the major investors needed for an IPO could stomach it, unless those two somehow sold into the IPO to reduce their control (which ultimately would have severely diluted legacy investors like us). But that was never going to happen. I think it might have worked if it was just Musick owing a plurality, as he is a scientist and this is his life's work. But the Zamora thing was clearly too much for rational investors to bear. I have no idea how the company allowed that to happen. All we really know is that the Furman regime took action, and subsequently stripped Zamora of direct control over his shares. I suspect they realized that they were never going to be taken seriously if they didn't do something. It's still not ideal. But anyway, yeah, one would hope the $3 million is enough for them to generate some results and establish some credibility.
