Smart move on Stoll's part...
Smart move my ass...if he could have done the deal at $2.50 a share I'd say, ok BP not knocking on the door, take the money and advance it yourself...but wiping out 30 million dollars of current shareholder value to raise 14 million "ain't" what I call smart move, besides JP Morgan isn't the underwriter. PLUS..what makes you think those 7 million shares won't be coming on the market if this stock recovers to 2.20- 2.30 area..anyway you shake it...it's a long road to hoe before any smiles in Mudville...
Once in a while
you get shown the light
in the strangest of places
if you look at it right