The reasons behind this are open for speculation. I guess this is the third time in 6 months they are looking to raise money. As a bull I like to think it's a defensive move against a hostile takeover. They have $140,000,000 in cash on hand going into the offering so there are no immediate funding issues.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.