Mike, I wonder if they are actually naive enough to think that they can dump 1 billion, instead or 1 million, without having a sustained negative effect on the sp. Many of these pinkie companies do this, and some do it several times. The only valid arguments would be that they don't believe the sp will go that high until after they accomplish whatever the new money is intended for, and that they don't expect the effect to be negative for very long. Kind of a "My stock is invincible" mentality. If you need ongoing financial support, I would think that it would be better to dilute a little each month at the higher price, and keep the sp increasing steadily. HCPC has certainly exceeded the moderate dilution phase.
Unfortunately the need to dilute indicates that the investor side of the equation is lacking, at least for the initial phases anyway. Maybe the signature plan isn't as good as it is cracked up to be, from an investor's standpoint, anyway. If we can't get investment backers, then we can't close deals.
GLTY LC
