My take on the COB decision is mgmt still wants to get more cheap options before they let the true value of the company be recognized. They control the news flow, they control the data to potential partners and they control the price (supply and demand) by way of ATM sales. They have 240 million more shares to play with, it's not their shares they are selling and the potential dilution doesn't matter to them because they gain more wealth (post dilution) when giving themselves cheap shares. They have no accountability nor transparency given they won't even disclose real time information on shares outstanding.
In essence, they have designed a mgmt structure that transfers wealth from the existing shareholders (95% of company) to themselves and below market prices. That is where I have the problem. ATM sales need to be made but at least get fair value for them.
My hope is that someone forces their hand before they steal much more from existing shareholders.
News 
Market Data 
Discover 
