I agree that the recent dilutions were low ball numbers.
On the brighter side:
It has put cash in the company's pocket to move to the next level.
There is clearly a demand for the shares when considering FMR trimming shares and more shares added to the float.
10 day and 30 day average volumes have increased.
PPS is clearly in an up trend.
There are more larger holders which should add to pps stability. And should build confidence in the business model and direction of the company.
The offering was closed very quickly.
I hope management was sharp enough to put some restrictions ( as in must hold for some period of time) on the most recently acquired shares since they were released at lower pps than present pps and yrly. estimates, an immediate profit on paper for those that were able to collect those shares. Shareholders (retail) on the books should have been offered the ability to accumulate some of those shares at a low ball pps. I know I would have picked up as many as I could have. An immediate profit on paper.
If the new buyers begin to immediately flip their new shares then an investigation should go forward. I Would like to hear something from the company about share sale restrictions to help build confidence for such low ball dilutions.
Ok Will now it is your turn to present some confidence building statements about all these shares, so you don't look like you have just been overly friendly to big money buddies at the long term retailers expense.
Upon the completion of this offering, shares of our common stock beneficially owned by our executive officers and directors will be subject to lock-up agreements with the underwriters that prohibit, subject to certain exceptions, the disposal or pledge of, or the hedging against, any of their common stock or securities convertible into or exchangeable for shares of common stock for a period of 90 days after the date of this prospectus supplement. However, all of the shares sold in this offering and the remaining shares of our common stock outstanding prior to this offering will not be subject to lock-up agreements with the underwriters and, except to the extent such shares are held by our affiliates, will be freely tradable without restriction.