I am guessing that he whole rational for the offer
Post# of 146082
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Either way, as soon as I got the email offering from Micheal, I replied with a very clear concern about the selling that would (and did) take place to participate and that the requirements for participating are to be an "accredited" person which meant most could not participate. The result of this raise was very predictable and damaging to us investors. It is a very clear dumb idea from mgmt and should have never happened. If this offer was not given the deadline or never done in such an open way, we could be above $.40 now. There were individual investors that have participated i a direct cash raises to the company in the past - all they needed to do was call Micheal. Why they handled this in this manor is hard to understand.
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