Watch, ladies and gentlemen. There will be a pattern of this. It is not and will not be a shareholder-friendly company. There are other ways to raise cash. If you manage a business you know what I mean. Dipping into the shareholder and share price till is a rank amateurish way of obtaining cash if you are confident is your ability to grow profitably.
Its called raising money through the capital markets.. and if the money is used to fuel growth then the dilution imo will not matter in the long run.
If you are an investor in SSYS then you did not necessarily get screwed..
if you are a short term trader in the stock.. then yes, you got screwed.
I think that is where your headline is wrong.. SSYS did not necessarily screw its "shareholders"
Uh.... no. Not raising money when you need it and going bankrupt through gross incompetence is 'screwing your shareholders'. Secondary offerings happen all the time and are a fact of life for emerging growth companies.
Correction, secondary offering 17% below a few-days-ago market price, and more than 5% below the SAME DAY price. I'd call that a pretty good screwing of current shareholders, AND of the company's treasury.