The only thing that keeps me interested in this stock is the...

The only thing that keeps me interested in this stock is the fact that they were able to make a placement at $2.12.
Surely the institutions taking part would have done some form of due diligence.Without that I would have to assume from the past performance of this management that we are about to be done over big time.
I think this view must be shared by many other holders otherwise sp would be in freefall. Past record does not inspire confidence