They will have to do a secondary, and it'll probably be at about $4/share, at which point it will be a great speculation. No reason to jump in now.
They don't need to do a secondary for at least another year given their present financials, but I agree--too many spec players jumped in heading yesterday's CC... Once they're out (tomorrow probably) I'll add more shares.
you are wrong. they have 65 million in cash and no debt. they can partner etc and even if there is a secondary it will be for $5+
More like $2.25 a share