I agree 1998BMW23 with your views that PO concerns tend to be over blown.

Dilution is not something that the current shareholders of any venture company could possibly want. But the fact remains that to succeed as a venture company you must raise the capital necessary to achieve the business aim.

 In PTI's case they needed more than was originally deemed necessary in order to meet unforeseen capital expenditure.  The choice was to allow plans to fail,  which would have been disastrous for everyone, or raise the necessary capital in order to deal with the risk.

 The fact is that a PO is a tool of management  which they need to exercise when necessary.  I would hope they would always do so judiciously and in the interest of shareholders.  Many here have pointed out the PTI management have been found wanting in the manner of utilising the PO tool, I agree but we should not challenge management's right to use the tool when deemed necessary.

Yes there are of course there are  other effects like the effect of a PO on the SP, which has caused some posters here understanably to see their wealth as drastically  reduced but then that is entirely dependent on.whether you're long or short in your investment objectives.  As a long I like you feel that the PO is  mere pimple on an otherwise handsome face.

Note that I  did not partake in the PO stock guru 

SULA