I tend to agree @TheProfessional.If the raise is indeed to fund...

I tend to agree @TheProfessional.If the raise is indeed to fund Rangers in its entirety as others have speculated and it moves things forward, I’m all for it. All in all, it’s a ~10% dilution for massive upside.

Agree with many here that credit raises are always hard to swallow especially when you don’t see them coming or don’t favour the terms (or both). That being said, be sure to check your emotions at the door when evaluating the bigger picture. (else those who like what they see will pick up your shares cheaply due to a dummy spit)

After a few deep breaths, I see the following: (assuming the raise is indeed for Rangers)

10% Dilution
100% more revenue from Rangers (vs partnership scenario)
Flames being moved up on the timeline due to increase in revenues.
Additional cash for operations/opportunities/expansion.

Some pretty compelling reasons above for the raise (once again, all resting on the raise actually being for Rangers in its entirety).

Looking forward to the clarification tomorrow.