The market could well trade below any cap raise price, it will...

The market could well trade below any cap raise price, it will depend on the deal, what price does APM do the diluationary capital raise at? and on what terms?

In many cases if the deal is not done well, the share price tanks post capital raise and the underwriters dump unallocated stock.

Let's wait and see.

All I have done is by some optionality for $116 of capital at risk.

Let's see how this plays out

But what I can say, is for all of those that have madley been buying on the way down, using up spare capital, I hope you have extra savings ready for the capital raise.!!!