I'm sitting on an average cost of $ 4.69.  I need a good run-up just to break even and my expectation has been for a profit, not a breakeven.  However sweet the offering may be, it still increases shares and will put downward pressure on the SP.  I would have preferred financing without the share contract.  Of course, if you are right and the SP goes to $ 15 or more, my concerns are meaningless but if the upside is in the $ 5 to $ 7 range, dilution will hurt.