Thanks RVXoldtimer.

It looks to me that this raise is prudent in the context of the market from a macro view at 40,000 feet. With Trump stirring the pot with the Chinese, raising money today at a long time highs while the general market is hot is good for the company. These offerings are generally not conceived over night and it was just a couple of days prior to the announcement that the MC went over $1 billion. Although this offering could be pulled, the more I look at it in the context of the market the more I like what they are doing. Many that I confer with have increased their cash positions above 15%. With a bull market running close to 10 years now being just a little conservative is not a bad business move.

It won't be long now before we see how it all plays out both on a micro and macro basis.

tada