I am in no way knowledgable on the different types of filings. So, others should feel free to step in.
My understanding is that S-3 is a worse case scenario.. we can sell upto, in this case, $100 Million.
I don't know what the rules of disclosure are but at some point in the future the details are announced to us, I think?
------
Back to what I know more about... $100 million sounds a lot, think that's a 50% dilution at around these prices. That's ok providing they are getting a few years growth out of it - there's no point growing earnings by 50% if your going to dilute by 50% is there? So, the market wants to see that they are using the money to benefit the growth in earnings of the company for the next few years. I suspect the size of the announcement will keep the market nervous for now, and it would like more details.
rich
