Small Offering vs Severe Dilution?Jennifer told us in a response to a member of Stockhouse that the $7.5m share offering is a "small offering".
However, the August 6, 2013 prospectus on page 8 says: "The effects of dilution for existing shareholders were severe as it amounted to close to 35% using shares prices in effect at the time." (This was a comment on why the Board of Directors rejected one of the Wells' proposals.)
The Board approved the current offering's 25 - 30% dilution, but thinks 35% dilution is severe. Hypocrites.