I believe the offering share price was over discounted. The PPS at the time of the R/S was $.20/$5.00 1/20 and the offering was for and additional shares to the original lot of 6.4M shares. Adjusting for the dilution factor $5.00 / 3 = $1.66 PPS. The excise price is low at $1.25 and the current share price at $.95 is discounted by $.71 What a deal!
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