They are essentially transfering equity from ?Long term (old investors) .......to newbie investors..........this is accomplished by making old investors equity disappear so they can then issue new equity to the new investors...........i would say it will be hours and possibly minutes before the news release says " sgy energy does strategic 100 million bought deal financeing for 30 million share offering" " national bank financial will be the lead under writer with 10 million more shares for possible over alotment" yes i bad mouth sgy because i think what they are doing should be considered borderline illegal