"but i wish they would have given the market some time to digest the news before jumping into a PP, even at 2.80, it just seemed rushed to me."

Hmmm. Could that be perceived as a good thing? Object is to give a good deal. It's only a good deal if the price goes up. If it is expected that the sp is going to move readily from here, they would have to issue quickly before they had to raise the pp in accordance with a much higher sp. Just a musing.