My understanding is that they are selling it to existing holders alongside the newly formed syndicate which is primarily made up of top20, and the STK markets mob.
Valuing the company at this stage is very difficult as they do not have much in the way of tangible assets, just a pipeline for future potential. It's effectively a technoglogy company which makes valuation based more on future potential than material.
I have invested roughly 60k to date, and so have a fairly large optionality to build my holding further with the convertible notes. Purchasing more now for 1$ presents as 'catching the falling knife'. Hard to know what to do. If I don't buy in, then I get diluted.
If anyone who holds is looking at the current offer and wants to chat more about this, I would be grateful for the chance to talk it through further. Thanks for your reply thepplayer69. If you are okay with the idea, please could you let me know an email I can chat with you directly on.
