All the signs point to a 20% dilution:
(1) DSCO needs the money in the 1st quarter.
(2) They just received shareholder approval to increase the shares.
(3) DSCO has said in their SEC filings that dilution is the financing method going forward.
(4) 20% is the upper limit they can do in any single transaction.
(5) And last, but not least, as someone pointed out last night... Swash is back. And he always seems to show up and tells the newbies that dilution is out of the question... right up until it smashes them... then he disappears... only to return again before the next dilution. Gosh! Is it possible Swash works for DSCO or Lazard????
Anyway... it seems that DSCO only dropped about 10% on the results of the voting that authorized the shares. Then the stock began a climb back the last few days probably caused by day traders who just can't understand why a stock would drop on no news... and since there were no "news headlines" about the votes, only an SEC filing... they wouldn't know!
So it would seem to me there could/should/would be about another 10% yet to go when the placement agreement is filed with the SEC and it finally hits the "news headlines" that DSCO will be diluting.... but by the time that news is released, it will be too late for the day traders.... Boom!, they get blindsided by another 10% down leg. If it stops at 10%.
All the signs are there, it's just that few day traders read them.