Jmac Kind of foolish to use that reasoning the last 4 private placements are losers. The buyers sell their shares for a very small loss in general and keep the warrants. Their risk is being able to unload the shares before the price drops or company goes belly up. It's clearly more dangerous now than before. That said none of these guys think That company the company is going to have a sudden turnaround they think the value In a buyout or assets sale is worth 45 cents. Risky based on what I see, but probably correct.