The way I see, and its just my opinion, institutions will have a...

The way I see, and its just my opinion, institutions will have a powerful position to negotiate a better pricing.

They had originally agreed to fork out $20M @ $1.25.

Now, they have been asked to fork out another $22M - the shortfall.

Note, that's more than 100% of their original commitment.

First time around, they had negotiated hard to get a deal at $1.25.

This time around, I reckon they will push even harder to strike a better deal - at the expense of existing shareholders (IMHO).