But we already accounted for 100M shares total after the rights offering resulting in $7 book value. But it seems no one really knows when rights offering will be effective and who qualifies. Only when you own the stock, obviously. Per a certain (record) date in the future, yet to be announced. So rethink for a moment, what happens if we trade at $3.50... $4.... $5... and how many sellers and buyers we will have. Who would want to sell his stock for $5 if he can buy more for 2.75 with a $7 book value?