Ann: Placement and Pro-Rata Non-Renounceable Rights Offer, page-37

There are some that have been warning about this for years. Most holders unfortunately become emotionally and financially committed to a stock once they invest.

They don't want it to be true that the money they have trumped up, is just going down the drain. What they want to do, is believe the guy that is telling them everything is ok and don't worry and the doubters don't know what they are talking about. What needs to be realised is these holders are only doing it for their own personal benefit, not anyone else's and you will find they just disappear with as much money as they can salvage near the end. Namely yours that did not get sold off, when it should have.