Prospect Global Resources Inc fka PGRX

[DFYSW]

It can only be good news when major holders and insiders -- even dismissed executives and jilted noteholders -- are willing to put more money into the company, and the continued emphasis on equity represents a rare opportunity for retail to follow alongside those who know and evaluate the profit potential of what is going on. The public raise was a known event on the horizon so the dilution was expected, and even though the number of shares offered may be more than anticipated at these low levels (I bet it rises ahead of the offering) the larger outstanding will provide greater liquidity for big money to trade in size. Its great that the rights offering comes first both to buy time and give existing shareholders preference before the price starts to creep up.