I'm not sure how this works, but 50M is about 15% of the OS. I would expect at least a 10% bump is pps. Wouldn't be the first time I thought the stock would rise on news and it didn't ;-)
I was hoping the lower the price went and the potential for a buyback would start. It’s hard to drive the price lower knowing the company making 12MM per month could invest it in scooping up Public shares.
Anything under 0.50 would be a deal for them to buy as that could result in $3.00 per share later. Probably not much later.