Great move3.5 million shares for a company with a small float at $9.15 with no warrants is as good as it gets. In other words the news says to investors.We are willing to pay up because we see huge upside with very low risk and know with the added cash that poe can bring production on even faster.
It is true that they were becoming cash flow positive but that does not translate into earnings of 35 million right away. This opens many doors now rather than a year from now and helps the liquidity issue as mentioned.
Another great move by an experienced management team that is now able to take this to another level.