Aurora has plenty of cash to operate 347 million a/o 3/31/2019) and cash flow is getting better. Aurora expects to be EBITDA positive in the forth qtr. The history of the company does not issue shares for operations. A shelf offering enables Aurora to access markets quickly, with little additional administrative paperwork, when an opportunity arises to be used for an acquisition if needed. By using a shelf offering, the firm can fulfill all registration-related procedures beforehand and act quickly. Also enables Aurora to save on the cost of registration with the SEC by not having to re-register each time it wants to release new shares. A shelf is good for three years.
$100 million of the losses for the qtr. were from paper losses (unrealized).
Maybe the company may need the money for a buyout.?
The company has filed, and it may mean nothing.