If these guys needed to raise cash they should have pulled the trigger at 48c a couple of weeks ago. Instead they told us that they didn't need any and now they are raising at 3 month lows. Shocking management.
For all of you who have not done kindergarten finance, when you raise equity when the SP is down, it is called "expensive equity" because it costs alot in dilution.
You should all be analytical enough to see something wrong with this picture. There is no point in blindly saying 'IMO we're onto a 10-bagger, so shut-up or sell'. We're here to question the answers, not as blind lemmings.
HOG Price at posting:
41.5¢ Sentiment: ST Sell Disclosure: Held