"After a public offering stocks generally dip lower."
Only when MORE SHARES are added to the total share count. That isn't happening here. This offering is NOT dilutive like normal ones. This is just a 60 year old man doing some insider selling. Maybe he has cancer and wants to enjoy what life he has left. Or he is dating a 24 year old and need to buy some Viagra.
There is nothing wrong about selling some of your holdings when your stock has spiked higher. I think it's a dumb sale...which is why I am now long here...There is years of support just below $5, so this is a great spot to begin building a position.