Ann: Equity Raising Investor Presentation, page-161

I mean I'm starting to think about it like this:
Coby said we wouldn't have a cr unless we had a good opportunity to push forward.

At the same time he said we would be moving into our own discrete option, a massive opportunity. He wouldn't want to telegraph the cr because it would crash the price and make the raise lower

Additionally if we are talking to fabs and need 20 mill to forward that then this is a pretty big opportunity as well. So in a way he said it without saying it

There's no way Coby leaks it, this is the market at its worst. Someone tells someone and if there is money to be made you better believe it will get acted on.

Someone recommended "The Perfect Stock" recently and this is textbook what is written in that book. Longs longed into index addition, shorts took it from there and doubled down on leaked cr.