RE:the lower they take the stock price, the higher the odds What a foolish statement. No corporation privately funded and especially publicly funded, want to see their share price lower at the time of a contemplated financing. In fact, most companies try to front run their stock higher prior to a financing to prove to the public that they (the company) deserve to be financed in a more favourable manner. Most CEO and CFO's get a bad case of heart burn when they have to issue more shares and dilute the stock just to get a financing done. This is why if a companies share price falls too far, they will cancel a proposed financing and do it at a later date when markets are stronger. And there you have it; financing 101. Gary.