Since EM is using the 506(c) exemption, it only makes sense to solicit the reservation holders. Its an existing database of people with an interest in making this project succeed. Personally, I was surprised that the minimum investment was only $15,000. For an offering this size, that's pretty low and means a lot of paperwork if too many only put in the minimum.
agree and also believe that EM (meaning Paul) is well aware of the reaction/alarm at the news of funding issues .... I believe that this is one effort on their part to make reservation holders and other interested parties aware of one of the ways they are working on resolving the problem .... there are no doubt others and as time goes on, info on them may be released .... its been a week since the reports that they were going to release funding news, this may be that announcement