I said before this offering is a smoke screen. Raising this much money in this weak market & diluting the hell out of existing equity structure leaves one scratching his head with what Cunningham professes to be a good time to shore up working capital that the Company doesn't need. To use a football analogy; MAD's game plan is to stay on the ground with a 3-yards-and-a-cloud-of-dusts strategy and grind it out, and now I see the quarterback doing a head fake winding the arm up to throw a long bomb to the end zone.
Jive talking by Cunningham. I don't buy it. Has to be something big.