Spectra7 Microsystems Inc (SEV)

[CleverAces]

I think management/board waiting until the company needs emergency funding to do a private placement, as opposed to being more proactive when there was momentum in the market, has basically screwed retail investors. Those participating in the private placement undoubtedly used the dire situation to their advantage to scoop up a huge % of the company. When company was trading at 60 cents a share, PP insiders could not have scooped shares at 11 cents