GW - I was wondering this myself. I'm also curious because the bought deal was based on them being able to sell 70 million shares into the market presumably at or above the deal price of .50 in order to recoup their money. My understanding was they felt they must be able to "quickly" sell these shares into the market which would mean there would be an interest to this extent. Selling their shares below the deal price would be a losing venture for them.

So with our PPS significantly below the offering price, I am HOPING they will then create a buzz to sell them and not try to renegociate their deal pricing. Does anyone know if they can renegociate the offering price at this stage? Without that or some "news" that is expected shortly afterward I can't see how they can recoup their financing since at today's pps they would lose over $5 million.

If anyone more familiar with these types of deals can providesome insight I'd appreciate it.