good point - but, i guess the offering is not necessarily...

good point - but, i guess the offering is not necessarily targeted at existing shareholders. Given the size of the offering it seems odd (IMO) that they have not either lined-up equity funding in advance of issuing the prospectus or, at the very least engaged a bank / broker to roadshow the company and help source funding.

as an aside, any idea what are the outstanding CP's they refer to in their announcement?