Hi West Coast Guy, welcome back. I feel your pain of buying at three times the current price years ago.
My first and only venture into a private placement was when FMG went public two years ago at .35 or 4 to 5 times current value. There were purchase warrants priced at .50. There was an option to receive 1/2 warrant for each share and they were free trading or 1 full warrant for each share subject to a 4 month hold. Unfortunately, for me, I chose the full warrants and they weren't worth purchasing after the hold period. They expire at the end of this month.
I am still confident that I'll get my investment back one day but was sure hoping to see those warrants worth something over the two year period. I know of many others here in this same boat. One of these days...........
Cheers to all,
Brent