todays action, page-17

I have to agree here. The share price is brought in line with the new number of shares out (and cash in the bank account) at the time when the market learns that additional shares will be issued. The actual issuance won't change much provided the holders don't dump their shares on the market right away. Since the Creat shares won't be issued before the 2nd half of November, we can rest assured the latter didn't happen. IMO Creat is a long term investor rather than a trader that would take part in an offering and short the stock in advance.

As Mastatrada has pointed out, the issuance of new shares is one side of the coin only, influx of fresh money the other. The $1.28 placement can not justify or reasonably explain a decline in the SP from $2 to "$1-1.30". Of course the SP always can go up or down, it certainly could reach the level that thelynxx has predicted... but for a different reason.