Halelujah! We broke 80 cents!, page-41

Answering for me : In past comments you will see that I was supportive of that raising. They had a short term need for cash and took advantagevof a surging price. The timing wasn't perfect, but overall they did very well. Given how well they did then I was stunned when they came up with late July as the IPO date - and you can see that in my past comments too.

I do think it is a tragedy that the share price has fallen below the last raising price, because (a) it is so irrational and (b) it makes it just that bit harder to raise cash next time. But I don't think the company should have simply caved in for this IPO, I thought they had harder noses.