"Yes. Offering a discount on the common isn't that encouraging. If they paid a premium on the private placement it would be a different story. I guarantee these shares end up being sold on any rise in the SP. They are looking for 10-15% return real quick. They could be unwinding some shares as we speak. Seen this type of shit before and smart enough to recognize it. NW gets its $3M in the cofers and SIO gets its $200,000k-$300,000k return, all in short order."
OR, they wait a few months and get 2 to 5x their investment on approval. Lets see, 80k profit for 10 cent increase or 8 million profit initially to wait a few months.