They are basically saying they diluted the shares 29M (my calculation with warrant and stock options) today and are adding 14.375M for a total shares of 43M+. At the $3.31 offering price x the new share total the company is worth $142M , when with twice the shares it is worth 1/2 as much.Correct me if I am wrong.
it will depends on the economic environment (fiscal cliff--macro) and the book on the offering (who bought---strong holders? flippers?). It also depends if there are any who want to add post-offering. If you know these answers you will be fine. I can't imagine that you have access to this information so I will simply wish you luck---hopefully good.