RE:Someone can explai how the Public offer worksFirst this is not a bought deal so nothing is guaranteed by the underwriters. They will try to raise the maximum amount by having their brokers calling their clients to provide the cash. Astute investors will assess the likehood of the attached warrants having any value. Most are obviously thinking that they will have no value given the trading price of the shares and the massive dilution within the offering. Others will dream and gamble without fully realizing the implications.