Seen this all before.

Stock is now hugely oversold. People selling into the market to get a piece of the "Offering" + warrants and that in turn creates weak shares; and understandably so.

That being said, when the offering is complete, the SP will return to pre-sell-off levels as the dilution factor is already more than baked in.

You can read this like a book.

Not worried, frustrated absolutely, but not worried.

ST.