OK guys... if I am not supposed to demand that we get an explanation prior to a secondary, is it time now? Now that the money has been raised and they have it in their hands can we ask them to tell us why they raised it?
Not really. They will let us know what it was for when the deal is done. Plain and simple. They aren't going to come out and say, "Hey, we are working on this deal xxx and we needed to make sure we had the money to complete the deal. It's not completed yet but we wanted to let the world know what we are working on so hopefully someone else out there can swoop in and try to steal the deal from us or raise the price on it. It was more important to keep impatient investors in the know though than actually being able to complete the deal or at least complete it at a good price.".
Seriously, they will tell us what the money was for when they tell us. If you aren't happy with how they are doing business, then sell your shares and find another company. It's that simple.