Theoretically, a new share offering should not have any effect on the share price since the money raised from the offering would increase the value of the company by the same amount. But in practice, it does not always work this way.
The new offering is already sold. RDN to hot not to buy at this point. Where you been TG. This is great news in my book! Still like the Aug 8 calls on weakness tomorrow. 10000 traded today seems like someone knew something.