That was a disappointing filing... they haven't actually sold any shares yet and hopefully they plan to issue a block buster 4th Qtr report that will raise the PPS and then perhaps they sell a few more shares... of course this is probably wildly optimistic...
If they issue another $17M at a buck or even 1.10 than we will see very significant dilution....
$17 Mil only buys them a quarter or two at the burn rates they were experiencing earlier this year... hopefully they have been able to stop the bleeding but I am not really very optimistic... it does look like they are grouping at straws...
Let's hope 2017 is better for ENPH than 2016 was..
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