Maybe I'm misunderstanding you because it's four in the morning but that doesn't make sense. After taxes the company would've made maybe $60,000 releasing more stock. That doesn't even pay for janitors, maybe one. Easier to borrow money.
Capitulation is 100% believable, I personally doubt they could even release that little stock at that price isn't there warrants or something? I keep that kind of money in my bank account I'm sure they're not worried about a few thousand dollars
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