I wasn't involved way back when the stock had its reverse split ... but that event should not have diluted your investment nor caused it to drop 80% (unless there's some detail that I'm not aware of). Whether a reverse split or "regular" split, a shareholder's investment doesn't change, only the price/share. If you had $10,000 in the company and the shares split one way or the other, you still have a total investment of $10,000 (assuming no change in aggregate market valuation OF THE COMPANY). I know I've seen some postings here, perhaps from you, referring to the price of the stock before and after that split. It really doesn't matter what the "adjusted" price is today (as if no split had occurred). That excercise is only relevant if looking at a history of prices (so as to compare the price/share on a consistent basis). It's clear the company has not performed well and we all know why. I, too, wish I'd bailed out when the price came close to $5.00. If I had, I would have gotten back in after the December 10 meeting. But I didn't get out at $4+ because it looked like the DA was going to be signed soon and the price would keep going up. And I didn't want to miss out. I'm betting you came to the same conclusion.

I guess it's your right to complain, but aren't you really just grousing about your own decisions? I'm not happy where I am now, but it's my own fault for getting in so deep and not taking profits earlier.

You are right about being able to buy on the open market at less than the excercise price. For what its worth, that may have been difficult to achieve because it seems not alot of shares were being offered at that price. Someone I know put a good till cancelled order in to buy less than 1,000 shares at $1.18. It was partially filled. The other day, the price went to $1.17 and the order still didn't fill. So while the market price looked enticing relative to the excercise price, very few shares were available at that lower price. Kind of like seeing something on sale only to find out they sold out!

It's nice to see the price finally tick up yesterday to $1.40. Let's hope it keeps going! This will make all the grumbling about the strike price relatively unimportant. Honestly, I understand your frustration and really don't mean to minimize it ... but look at the bright side (I know, for the umpteenth time!). It looks like Frank and company are finally making some progress in getting our business partners to the table. I know a number of other shareholders who have fully excercised their rights (myself included). I have a good feeling about this. Hang in there and be optimistic!