Teut, I agree with you for the most part but didn't we have a few financings at much higher prices a few years ago? That didn't work out too well unfortunately. So nothing is guaranteed.

Fact is, the guys who participated in this and other deals have the shares handed to them at .50 then shorted the piss out of it when Monday's news came out knowing full well they had shares in hand at .50 to cover with. They then sit on their warrants for free. Easy money to them. Guaranteed profit if you play it right. That is why we sunk after Monday to the bought deal price.