It looks as though the entire board is building share holdings with this offering. I kind of like the plan here....it provides cash to the company to extend funds and is completely represented as insider buying. This could bode well for the long term price. As more investors learn that this offering was dilutive but going strictly to insiders, they will realize that the price will stick close to the offering price until the sale of all shares is complete. Expect a nice run when the sale is complete. Pretty smart move on SNTA's part.