It was a countdown to the ATM. The company chose to go sooner, which I think was an excellent idea unless the deal announcement was 100% certain beforehand. They could still announce the deal any time though. If the stock price drops I'll pick up more shares but I'm pretty loaded up right now. I have over 100k shares already - and not on margin thank goodness. The shorts and the CEO's goofs have created an oppertunity to make a lot of money.