That may be true, but it was technically never out of play. Also, the offer was probably good for the units, but bad for the common stock. Who knows now... I expect that this will be huge for the common stock, but what do I know at this point?
I've done limited surfing thru filings. Not sure what I may be missing? I see an offering for 1 unit equal to 10 commons and 1 series A for 20 commons that can't exercise below 1.24. I see a cash exercise option but who would pay $25 for 20 shares of a stock currently trading at .25? I just drift in and look at this stock on days when I'm bored so I certainly am not up to date on all the filings and facts behind them! $VPCO