News & Media, page-1824

I reckon odds are reasonable that it’s a misprint about $50m later in the year. They don’t currently have enough to keep the lights on until the end of the year and if they raise a small amount now and then that $50m at the end of the year then it’s so dilutive as to be unworkable.  The price would easily fall to two cents in a rush to save whatever value remains from the original purchase as it will evaporate far more with that big dilution.

i guess it could happen (and I fear it will) but it would be a hell of a deal. None of the SI investors who got in at .19 or .125 have had a chance to recover their investment.   It’s been downhill since both of those events and they delivered $25m of the $35m raised so far.

so I’m hoping it’s a misstatement on the paper’s part because of its accurate then it’s best to get out now. There will be no happy ending for current holders.