Or, how about attempting to get the market cap up so that you can sell a few million shares to raise the $14 million? This would be dilutive, which we don't like, but still not too bad if the share price were $.15-$.25, a much more reasonable market cap than where it sits now. The share price would take care of itself if honest PRs were issued about paying off debt and/or explaining what was accomplished and what you intend to accomplish down the road. When the company is wildly successful and making a profit, the company could buy back shares and place them back in the treasury.
Then you wouldn't have to woo new investors into buying preferred shares at $5.00, which is probably a hard sell and which would be dilutive at some point anyway. Canceling that offering alone would probably do wonders for common share price. Just thinking (I know, I know, STOP thinking Alyssa!)
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