DFW,
I can assure you that some people listen to you.
You have pointed out on prior posts how low the average price that the company sold shares for in recent months.
Obviously, as the share price goes down, the price that Serge can get for restricted shares goes down as well.
Even worse, the discount percentage to the current share price is worse now than ever. When raising cash for the YAG (Cornell) settlement, the company was offering shares for half a cent when the share price was hovering at or slightly above a penny, so the discount rate was around or slightly above 50%.
The share price the company has been able to get recently has been discounted even more. Some might speculate that Serge was giving someone a sweetheart deal, but it is entirely possible that he was simply not able to get a better price. Why would anyone accept restricted shares at just a 50% discount now? A simple glance at a stock chart would show that in the last year, any shares that you had to hold for 6-12 months would have lost more than 50% of their value during that time. Therefore, I would require more than a 50% discount if I were a potential financier.
DFW (or anyone), I have a question for you: Is there a way to get the average share price over a period of time (such as during a reporting quarter). Certainly, I could get the overall price range during the period, and call the average the midpoint of the range, but this would not really be accurate. For any given day, one could look at the individual sales data and calculate the total dollar value and total shares traded to get an average price, but it would be an extreme amount of work to do this for a whole quarter.