From the previous raise“Due to high investor demand, Directors...

From the previous raise

“Due to high investor demand, Directors Daniel Tillett and Fadi Geha have agreed to not participate in the Placement but will rather exercise existing options held by them early with an intrinsic value below that of the Placement (D. Tillett $100k; F. Geha $25k). This early option exercise will contribute an additional $125k of capital to the Company.’’ To DT’s credit, he chipped some money to buy a few options on market. Not sure what was his purpose with that though.

In addition, no directors bought heads last year and let all their options expire without converting them. This was a clear sign for long time that a heavily discounted raise was on its way.

What made SIS scrape along the bottom in the past 5 years? It was always clear that the money they raised is just enough for their salaries. This time is no different. Just painful to watch that 1-year-old start-up raising $10M or more to grow while SIS only destroys SHs value year-by-year.

My big question regarding the volume: Anyone has any reason to buy on the market? Not talking about the pip traders?