Surely you remember..........
An "accredited investor" invests in the company for shares at .0015, then sells that stock to a common investor for as much as he can...........he then takes the money and "reinvests" in the company for more discount shares and then continues the vicious cycle. Of course, the theory is that he sells and purchases for ever increasing amounts, but reality is that with more shares in the market people are, of course, realizing that they are purchasing ever smaller pieces of the company and so, naturally, are less likely to buy.
Now, when those original discounted shares are simply to cover debt carried over from a previous attempt, then, I would think that the starting point would have to be correspondingly lower. Perhaps that is why SNTL started at .25 instead of .50, the way NHSH did. More debt to fold over, not simply the existing debt of the shell.......
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