woah - offering priced 15% in the hole plus additional warrants
brutal dilution - that's the kind of financing a company on the verge of bankruptcy might be able to get and not a huge Chinese solar company facing improving business conditions - this will outright kill the stock for some time
frankly I don't see why they chose to dilute shareholders by almost 20% for just a tiny $70 mln at a time when the business conditions are vastly improving and the company should be able to finance itself out of positive cash flows. Even if they needed some extra cash they should have utilized their Chinese bank lines.
That's a real kick in the b*tt for all shareholders - don't understand this move AT ALL