I get that... but it's still crappy timing in many ways.
Their shares are being hammered enough on worries from the R/S and also the potential dilution afterwards.
They should've gave it more time... and their shares could've organically made it over $1 after the 2nd project started.
Now they can R/S, dilute, and still be over the NYSE threshold... but at the cost to current investors. If their shares die down enough... the R/S will be wasted... and POTENTIALLY be under the threshold again due to future dilution.