Excerpting from CKSW's conference call pertaining to shelf registration -
"Let me say a few words about the shelf registration statement we filed in April for the sale of up to 15 million shares which under SEC rules is effective for three years. We undertook this registration to give us the flexibility to raise money quickly from time to time whenever opportunities and the need arise. This is quite common practice for public companies.
Also keep in mind that when the need to raise money presents itself, it just makes business sense for us to first utilize the cash reserve and access to credit line before we resort to the shelf registration vehicle. I would like to add further that based on our knowledge of the business opportunities in the market, we currently believe that if if at all we use the shelf registration vehicle, it is very likely that we will draw on only a small amount of the full 15 million shares."
There is really no need to get excessively excited on shelf registration. It is simply a procedure. Share amount or dollar amount doesn't mean anything, they simply "reserve" in a largest number there just in case some golden opportunity arises.