Henry: It might be a problem if the company was promoting itself while it's securities are under review by the Securities and Exchange Commission.....
Remember they will be desperate as the S-1 filing moves through the process. If the stock is $1 or less; they will have a lot of angry investors who thought they were getting a "deal" by purchasing share at substantial discounts when the stock was pumped earlier in the year. If they end up losing money, many will sell and drive the stock much lower. So I think the company may be worrying about that. If the stock trades any lower, it will be way harder for them to raise more money.
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