hi jid
my guess is with the sp falling below the issue price then most shareholders perceived there was no intrinsic value in taking up the offer. the growing pains certainly haven't helped but I think this will soon be in the past as revenue starts to flow through the distribution deals.
wise owl recently issued a 28 cent present valuation on ISK in a research report at the start of december. Normally I don't take much notice of research reports but with sales imminent, they are launching into a market that perceives a large need for a product that can alleviate the present water shortage problems. As i started before, If the media picks up on this, i think things will move forward very quickly.
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