DNDN – It’s Friday evening… wouldn’t this be the perfect time to announce a public offering?
If it were up to me, I would raise some capital at ~$12/share. This would end up looking pretty smart if they get the dreaded approvable letter and, at these prices, it wouldn’t cause an appalling amount of dilution.
“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”