Why didn't you get out at 12? This offering was planned and announced over the summer. You suggested a higher offering price but then no one will buy it and the company would have a tough time raising the money they need. Heck, the company will have a tough time raising the money at $8.50 per share. Apparently, the offering was suppose to be for private rich investors but with the stock price below 10, there is too much risk and no reward for the private investors. I'm afraid the company will have trouble raising the money they need at $8.50 per share. There is simply no demand.