DHT Holdings Inc (DHT)

[exlud]

I agree, it makes much more sense to raise cash via shares when the price isn't at a 52 week low. Why they are going that route rather than borrowing the money to expand is a question that I can't answer. In looking through the filings I haven't found a clear indication as to why they went this route to raise cash.
They are attempting to raise UP TO $300 million with common stock, preferred stock, and debt securities. The increase in common shares isn't inevitably going to be $300 million divided by the current share price. If memory serves, there isn't any preferred stock issued. In short, how much will they actually raise and with what combination of securities?
DHT may also not raise the money via commons until the share price recovers a bit. It's at their discretion and I don't know exactly how they plan to do this.
As a side note, looking back at my last reply it sounded a bit snarky and condescending. There is really no reason for me to be such a smartass.