This raises some alarm, as we are at the mercy of management's discretion as they decide when and at what price various offerings will be made. We have recently experienced an offering of 1.60 per share which has reduced the PPS to the current level. If the offering is held in reserve for anti-takeover purposes, then it is a wise move, as it will also be if the offerings are made only when truly necessary for working capital purposes,but only if at a price in line with an upward current market price. However it customarily is at a lower price to attract investors. The dilution effect could be very damaging.Hopefully, this will be explained in depth by Ravi at the upcoming quarterly conference with assurances that will gain the confidence of present and prospective investors.
Ecotality has a major task at hand with covering the USA first then the planet next with E-Car chargers...Where is all the money going to come from ? Lets hope for another gov't grant soon, but if not, look for more dilution in another year ..
I do believe that profitability will accure before the next dilution ....Dilution is good when needed for expansion ..