Hogan,

Here's how this makes sense to me. They need money, cuz it's gonna take them longer than they thought to get the AOC and/or VCSEL where they want it, apparently quite a bit longer, so who knows what kind of problem(s) they have run into.

So, prior to actually selling the new stock, they had to come clean (confess all their sins), and I'm hoping this is it, and there are not more bad shoes to drop. And when I say "sins," I'm not talking about anything intentional, this is just the way it goes sometimes when you're on the cutting edge. But the bad info needed to come out prior to that offering, so that they can go to the market having made a clean breast of things.