I agree. Put yourself in the shoes of a lareg equipement supplier. You may like the technology and all it can do for your products in terms of cost reduction, power efficiency etc. but you aren't going to be comfortable looking at this balance sheet. Although it is getting cleaner, you would want to see a decent cushion.
As others have noted, the number on the front ($300M USD) does not mean they are raising that all at once or even that it is all equity. This at worst neutral news but I see it as a positive that in the background the ducks are being lined up for flight.
What happened to our friend Voiello - seems to have scrammed?
