Quote Originally Posted by ari View Post
Any word of terms of offer...one would have thought this would have been almost hand in hand with annoucement or do they just want it to self implode!
You mean implode more! There is no announcement they can make which will improve the situation. As scooter points out they are looking like issuing another billion shares which is going to dilute the share price by 20%-30%.

The current SP adjustment isn't really about the imminent dilution - it is adjusting to the announcement the company needs $7.5m for working capital! The dilution adjustment will come later.