Doing the PP internally would definitely save a lot of money in terms of brokerage commissions, brokerage fees, legal fees, advertising fees, processing and administrative fees; and in addition, it will save a tremendous amount of time preparing for it, advertising and diseminate the info, and processing the subscriptions and payments, issuring the shares etc.

That being said, if they are better organized and have better projection of future fund requirements, they could have done an internal deal that covers ALL current shareholders. I wouldn't mind having the opportunity to participate in one.

I wouldn't mind if they have offered the PP to say, all existing shareholders to participate on a pro-rata share ownership basis. But that's neither here nor there now when we are so close to that "liquidating event"! I'm going to have my liquid picked out for that "liquidating event" that hopefully will take place soon! JMO GLTA!