This indicates that they think the rally is over, and quickly raised more cash at investors' expense. When this is used up, their float will roughly be 1.9 billion shares.
Question is, what are they intending to do with the money. $800M cash, $1B shelf prospectus. At this point still a company with little value.
Question is, what are they intending to do with the money. $800M cash, $1B shelf prospectus. At this point still a company with little value.
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