ucansee, or atleast I can see
that IBM was NOT the equity investor waiting in the wings to buy 20 million shares from a shelf registration. I claim no special source for information, but my eyes and ears and my experience as a BVI corporation owner, tell me that IMMANUEL KANT/ Apriori is an off-shore stock shorting syndicate.
Did the company KNOW that their intent was to flip the shares to close a short position? I can't state that for sure, but I find it hard to believe that in light of other shylock-financing in the past, they are naive as to the intent of people who make a living shorting stock.
Wouldn't you and some of your fellow longs like to buy these same bargain shares at a 10% discount? Why not approach the company through jimc, or someone who has the company's ear and offer to buy a couple of million bucks worth of stock as a "long term" investment? Then, the pps might actually appreciate and you will have the additional satisfaction of having "done the right thing" for the company's future!