I don't disagree with you, although if it's true that the insiders are working for equity, rather than salary as has been claimed, there is incentive value by offering it to them.
Also, if this happened when the share price was in the twenty cent range, external sources of funding may not have wanted to touch it, particularly with SEVUs track record.
I'd rather see it funded externally as well, but I can understand why they may have done it this way. The problem is, we don't know anything about the details, so all we're doing is speculating. Makes it pretty hard.
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