About 1.5 million shares will be offered including

About 1.5 million shares will be offered including the 3 mill in warrants. With 7 days of the roadshow done, or thereabouts just a small percentage of institutional investors and pension funds buying the offering shares would not give them the amount they want. There could be 30-40 investors at each of these meetings, and multiple meetings a day. Rory and Jeff have been killing it, but let’s say 30 investors want shares, they get 50,000 each, less than a million dollars. I believe that the ones buying who have funds worth billions would want a bigger piece of the pie, which means they’d buy more on the open market.

OR

To get that bigger piece of the pie they offer more money for more shares

Just my two cents, soon we will be able to see what the investors decide