NEWN - Maybe you guys are right. But so far, from what I understand, they didn't say why they need the money or what they plan on doing with it. if they're going to take $20M basically from shareholder's accounts they should at least tell you why.
I'm usually cynical when I see a secondary offering, it's just way to easy. NEWN will take in more net income from printing those stock certificates than they did all of last year selling battery components. There's something wrong with that.
I find it extremely hard to give any of these companies the benefit of the doubt right now.
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