Exactly. AS SPELLED OUT VERY CLEARLY IN THE RECENT 10-K, they need the money now to pay off old debt and also to make it possible to borrow more money from the same financial vampires at the same ridiculous interest rate.
It's all there in the financial report, in surprisingly unambiguous black and white. There is nothing in the legally required SEC filing to indicate there is anything positive for shareholders to assume good things are coming after the RS and massive dilution, or to speculatively connect dots that would paint a rosy picture of a totally shitty financial situation.
News 
Market Data 
Discover 
