You and the rest who are participating in the Rights Offering are giving GALT $3 a share for nothing to fund Ph3-no shares for that money, just a Warrant to purchase 1/14 of a share at an exercise price of $7.
It's really simple math, are you unable to understand it?
I appreciate your contribution, it will help fund Ph3.
I've sold most of my shares at a substantial profit but holding some in case they ever do something right.