50% of my portfolio...i sold in a panic then gathered myself up and doubled up @ $8...
Sentiment: Strong Buy
You should be safe at the secondary price of $8. Little down side IMO. My cost basis is $4 so I'm laughing now but I was not laughing earlier this morning!
What the management did was very shareholder unfriendly. You dont drop something like that without advance warning or give a credible explanation. If the company needs money they can do a 10% dilution at a time , not #$%$ 50% dilution overnight.