That is good for the company but may or may not be good for the pps. Do we know what price they sold the shares for? I have not had a chance to look at any filings. They increased the AS to 2.5 billion. If those shares have to get converted it is not what we want now.
Fools argue to win, so stay away from them and still say Thank you. Smart people argue to seek the truth and say "Thank You" when they find that they are wrong.