I believe the SEC has 10 days from the filing to approve. So I am guessing there will be no real buying or selling until close to August 28th. Obviously management can't release any sort of plan while the SEC is still reviewing.
Read the filings. They pretty much said they were doing a rights offering and that no other offerings were in the works right now. The 50 million came from Keeney I believe. People complain when they don't tell us what they are going to do and then ignore it when they spell it out clearly.
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