This should be about as low as it will go, since it is a below market value financing designed to transfer money to the insiders. Phone some brokers and ask them to get you a couple thousand shares on the financing and let us know what happened, ha ha. A few individuals who are the best clients may get very small amounts, but if so only for the sake of maintaining appearances. The principals at the firm will buy most of the issue for themselves, and if any small amounts leftover they will go into a few brokers personal accounts. I have seen this before on a new issue long ago, I asked a broker in the gym who was weight lifting with me, who happened to work for the firm involved and he explained to me what had happened.