RE: Olympus to Raise up to $12 Million by PrivateI don't want to take a solid opinion yet one way or the other as I would like to know the managements reasoning behind this. It does dilute earnings as their will be more outstanding shares but what I think is puzzling is they are being given at such a discount. This company is on the verge of very exciting developments, too soon to write more paper at undervalued prices. They should have pherhaps waited a qaurter or two longer before completing this deal or at least till the reserve numbers were released. Puzzles me but since I dont know every factor I hesitate to make an opinion.
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