Its getting easier for everyone to see that the intention to dilute 60% can have a large effect on the price. Its not required that the dilution has not occurred yet, simply the intent. The market makers are using that intent as a way to borrow 2-10 shares for every share dumped on the market, and in extreme cases, 100X the supply change.
See the supply and demand curves of a normal market is linear, like a cross, but in the case of the market, you can borrow shares and the more shares are available the more you can borrow, so they become "bent curves" or exponential.
So when the company says we're doing a 3M shelf that increases the linear supply by about 30 million. And when they say 22.5 million coming in the future, that's like saying they are available now, and the market makers can borrow off of them when they are released as well. Sure its a lot of illusion but it cuts out the pesky shareholders from making any money while the company runs ram shot over the shareholders with fancy conference calls.
For God sakes folks, do the right thing and vote no. They need to be taking salary cuts not asking for more.
