OPT threads are very well-behaved; there is no up-ramping or down-ramping nonsense by anyone.
It’s all just pub talk until we can obtain the details of the CR. (After close tonight?) I hope there will be something sweet for us.
A pure $220M raise and matching dilution is the abandonment of retail holders; 15-20% was on the cards.
A 60% dilution is simply handing over retail holders' sunk capital to insto—free money for them. Let's see if insiders get freebees.
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