When the .90 offering is compared to last weeks prices yes it's a big discount.

However

When compared to the SP of low .70's a few weeks ago, then it's a premium.

One must assume that when the negotiations started the .90 price was considered a premium.. SO THEN it's up to you to decide which was the artificial market price or the more accurate price based on fundamentals..One I guess could make the argument that all things considered .90 cents would be a more accurate reflection on what the company is currently worth..

YEAH YEAH I know I predicted offering at $1.50,,my bad, a little wishful thinking.