My first guess, after looking at the complexity of the 3DP industry, said to me that HPQ probably wouldn't want to enter the fray, seeing as how little success they've been having managing their own current business portfolio, last thing they need is a complex array of new webs to focus on, even if they were to try the M&A route. They clearly have little shareholder confidence at their back.
Meanwhile, after 3DS has been under short selling, to the tune of some 200k shares per day, for the previous 20 trading days of last month, today it's revealed that the shorts have added another 3.3 million shares sold short over the last 10 trading days until now. I have to suspect that most of those sells were added to coincide with the dilutive announcement, to create the appearance of deeply concerned investor sentiment. Which, of course, they dutifully fanned the flames of such sentiments with more negative article, which as usual, appear to be poorly contrived misuses of the available data, materials and that leave out any mention of any positive counterweights.
Anyone who has been watching the short interest knows that, it can't be short seller strategy to hit the stock hard as it appears to bottom. But that's exactly what they appear to be doing, and doing so to coincide with, and exacerbate any expected negative movements.
I sincerely doubt the stock price would have moved down at all on the announcement, if not for the additional weight of some 3.3 million short sales timed to arrive with news, usually expected to depress a stocks price. Remove the 3.3 million short sales and it seems pretty clear to me that the dilution is not what moved the stock price at all.
But rather investors met the threat of dilution with a standing ovation, laurels, accolades and kudos.
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