This doesn't look good to me. Didn't they say multiples of the...

This doesn't look good to me. Didn't they say multiples of the share price not a premium! Its only a premium to the prevailing price at the time of the deal as well. Shareholders approve this and then they could place 20% of the stock when if it falls 50% next week. I can't see why shareholders would approve this. They need certainty in negotiations! What a joke. They will need a lot of distressed talk to get this past shareholders. It would have to be either you do this or that's the end in my view. Why else would you give them so much power over your stock?