SunWorks Inc (SUNWQ)

[PMrz]

I agree with you that there would have been a communication if some of the 50 mil was raised but the reason these are called shelf registrations is that they can pull shares "off the shelf" and sell in tranches. There is no obligation to raise all 50 at one time and close the offering. I seriously doubt the intention of the S-3 was to raise $50 million at $0.17 per share and dilute the heck out of this.