Ann: Spitfire raises $5.33m in oversubscribed Placement, page-16

I get your point. The "sophs" will always hold the advantage as they are the ones with the money readily available. Having said that - I don't think a 2 cent variation will be such a big argument in 3 months time. John Young sees a lot of untapped potential here that he is eager to see realized. He has the knowledge and the experience to see this come to fruition. Like I said before - in the management we trust.