"Apparently the wheels were in motion. They believed the VCSEL would be ready ahead of the raise and it would therefore be done at a higher price. Not sure why they did not delay but I think there might be a commitment already in place so they may have needed to proceed anyway."

If the company did that, instead of postpone, that would have been really dumb. How could they let themselves be in that position, unless they were sure the VCSEL would be done by the close. Nope, no ring of truth in that for me, FJ.