RE:Shareholder offering - poison pill
You mean a rights offering? maybe if the rights where sellable on the open market then others might get some. But as for me.. My shares in my TFSA which is maxed. So I I wouldn't be able to cash in the rights offering.
BT did make a mistake. Years ago fund companys asked them if they wanted to raise funds when it was over 1$ and BT thought he had enough cash and no need too raise funds. They even put out a NR saying they had lots of cash. He was short sighted... and should have raise as much as he could have back then. They need 40 mil for a production plant. If they can't get the funds.. the stock not going anywhere.