This favored ploy of you and the other Walking Dead of constantly trying to suppress discussion of the facts by attacking individual shareholders is getting really old. Surely you must realize most users of this forum can see through you by now?
My experience in running public companies has no relevance to the question of why the Company did not delay discussion about the next offering until the share price had a chance to reposition in line with analyst valuations after Phase III success.
I don't need to have any special experience to ask that question. Every investor is aware of the concept of timing the sale of shares so that he sells when the price is high rather than low.
And I know the price of the offering was extremely low because I understand the calculations which supported the valuations of the five analysts of between $17 and $24.