Just some thoughts, but....

This recent PP seems preposterous, and an act of desperation... I have heard of diluting shares through PP in a company, but usually along the lines of 10% of current outstanding shares, not 171%?

This PP for 100M plus that again in warrants according to some napkin math puts the current total issued shares at approximately only 36% of what the company will become after the PP???? Given all of the questionable actions, accounting, spending, communication and/or lack there of along with the past year of complete and utter disdain towards current shareholders (don't beleive me, listen to any of Q&A recordings of meetings confernece calls etc from the past couple years and judge for yourself). This does not to me represent a need to raise money.

This PP in my speculative opinion could among other things be:

1. A huge F.U. middle finger salute to all of the existing share holders and their ideas of a democratic process where we can express our disdain for the CEO and their hand picked board of directors through a vote at the AGM. Good luck voting in any meaningful way once we only have an aproximate 25% representation of the total potential shares in the company, and now that the CEO has stacked the odds in their favour by issuing a PP out of thin air where the remaining 64% of new shares are not open to the market, a.k.a us retail investors that the CEO appears to loath, but are instead placed privately at the discretion of the CEO? Even if we managed to buy 100% of the current shares available in the open market, as a group, we would only maintain a 36% vote for any required shareholder input in the shadow of this PP that the CEO has so timely created?

2. I often wonder the skelletons that must be in the SLI closet. This PP appears to be an act of a desperate CEO who has a lot to hide. Imagine the horrors that await them if the records of the company became transparent to a new CEO and/or board of directors coming to right the wrongs that appear to have been done in the past couple of years??? The CEO appears to be doing everything possible, including creating the votes they need to maintain control, given that were not shaken lose this past year to ensure that they remains in control. Is it because of ego, or is there too much to hide for the CEO to let the shareholders have an honest voice through a vote? It would certainly appear to the common observer such as myself that this past year has been more about burrying SLI than digging/drilling to find gold!

I often envision the oil lamps burning at SLi headquarters as a few shadowy figures hover over a paper shredder feverishly feeding it during the wee hours of the night...

Just a few thoughts...