I don't agree with your "not bad statement". I think that's more than ironic!
I mean: If you see a possibility to solve the short term cash problem without diluting, you don't dilute your share base a couple of weeks later.
They create 25% extra shares wich will be added to the float. The float will rise with 30%.
The next question is: Who gets these shares? Shorts so that they can cover, or FMR?