Ann: Trading Halt, page-29

I see your point 618.
But what we saw last Friday was people dumping in mass in the milliseconds after opening following one of the best announcements you could possibly imagine.
Now if I was speculating on a capital raising (based on your sound logic), I would wait a least a few minutes to see where the price was going, before selling out (hoping to pick up a few in the subsequent capital raising).
What we saw instead was someone (or a group of someones) with a very determined plan to sell as quickly as possible into the liquidity at open.
But again, we can speculate (and rage, if it makes us feel better) but in the end, Strike is still in an excellent position. It's just a little annoying to be getting diluted at low 20s rather than low 30s after the big dilutions at 8 cents. (Imagine where the share price would be without those).
Anyway, no point crying over spilt milk.