Normally that is how it works, but most people here were under the impression that the ATM was shut off. And I feel that the posters here are on PPHM's pulse. Just look at the stir it caused on the board last night. It caught everyone off guard.
We closed at $1.68 on Wednesday, then the Preferred shares PR and we sold off to $1.55 AH, down .13. Again, I didn't think the preferred share PR was a bad thing. It seems to me that that was the type of PPS action you would expect from a 10% dilution PR.