This gets realy ugly for existing shareholders now. The market reaction ($0,04) shows that eberybody knows that the $7,5 Mio are not enough. They need at least the same amount more. I guess another financing for a even much lower price is coming soon. Will be interesting who is giving the money (Slager?). Will be interesting when Guttnick himself is giving some of his own money. He is probably waiting until the last moment. Assumption: $10Mio credit to be repayed next month + $x Mio management salaries + costs for private jet + ... I see two possible scenarios. 1. Guttnick has not found a partner and sells more and more shares to somebody who takes over control (Slager?) 2. Guttnick has found a partner and waits until the last moment to take the company through massive share dilution In each scenario, existing shareholders will loose big and can do nothing against it. Guttnick is probably doing nothing illegal. Would be interessting how snapped thinks about this -:) Will be interessting how this story ends. Could be something for a hollywood movie -:)