What about the damn underwriters of this thing? Given the volumes offered, it was priced to go one way: down. So they maximized the offering but now the whole enterprise is worth half. Is the cash in the bank and the founder's coffers worth it? I have no idea, but I would think for employee compensation and morale purposes, it probably would've been better to leave a little on the table. Hell, their prospects looked like they were declining right on the eve of the IPO. What did everyone think would happen?