After reading all 17 postings (so far) on this topic I see none...

After reading all 17 postings (so far) on this topic I see none that gives the management the benefit of doubt that they will use the capital raising wisely. Have a look at this announcement...
"The stores have been purchased from an existing franchisee for a total cash consideration of $10.8
million, including assets of $3.5 million. The acquisition price represents an EBIT multiple of 3.7 times
on current earnings and an EBIT multiple of 2.5 times excluding acquired assets."
You are free to disagree with me, but I think this is a very astute use of funds.