I am sure that Joseph and the board are not interested in diluting themselves. I am sure if they got a huge placement offer at a very good number they would be stupid to pass it up. I can tell you they are much more interested in doing a partnership to shore up their finances.
I am sure you believe what you are saying and have shorted the stock, but any smart investor would be careful with a partnership agreement hovering out there in the near future. Good luck.
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