A 6% reduction is capitalization and you are whining like it's the end of the world? The stock's bounced back and is now trading just a buck below it's several years' high. It already touched the 6% dilution point on the day the secondary was announced, and those 2 ML shares were probably already spoken for. So what's not to like? As a shareholder, you just picked up $70ML in cash for the price of a phone call, an announcement, and some legal fees for underwriting.
Your company is gonna take that $70ML and make another $70ML with it, doofus. I think it was a very savvy move, and perfectly-timed too.