What rubs me up the wrong way about this capital raising is that...

What rubs me up the wrong way about this capital raising is that management clearly stated it wasn't the plan- at least that's what they informed shareholders last month.

So it reads one of two things:
1. They didn't tell the truth to shareholders at that time.
2. Strategic planning in this company only runs a maximum 3 weeks ahead.

I am a little disappointed but not frustrated enough to reduce my holdings. The tech and story are sound. Just that management need to take a long hard look at themselves.