"@spinachdip:
A PIPE financing actually sells at a severe discount to the current market price (as opposed to simply offering equity at the current share price), so the share price for already-invested investors goes down because of the discount (which is assumed to be a truer price than the market is currently reflecting) and then because of increasing the number of outstanding shares.
This double-drop is what Cuban is pissed about, and why he objected and wanted the sale.
If a company call sell equity in the open market, then they don't have to PIPE."
"Ok, so Florida is great because they pounded SC.
SC might be the worst 7-4 team ever since they have only 2 victories over major teams with a better than .500 record, and the teams they've beat all suck.
Congratulations for that one, Florida."
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