What happened when other companies raised cash by selling equity like DOW? The stocks went through the roof, right. This is a good deal for EXM and for shareholders, ignore the noise for the next day or two.
actualy , now that I am thinking 5 million shares is nothing significant. The dilution can be completed in 3 days easily. And the number of shares just moves from 46 million to 51 million. I think due to thin volume the price tanked too much , and purchases at these levels will likely to make money at the opening tmrw.
True. Any and all bad news is now out. The offering was the final straw. This also solves one of the Street's problems as to what they were going to do with the debt! It looks like they will simply pay it down now.....using the cash from the offering.