Re: so what's the upside from SSIEM... or is $3.12 the next relevant price point ?
One reason to incrementally use the ATM is if you have a deal in the works, which is about to provide an upfront cash infusion.
Why do a major secondary on a beaten down price? Limping with your ATM while ironing out new deals would seem smart to me.
Of course, no one on this board knows, right now, if this is true or not.. We can be Monday morning quarterbacks after the next cash infusion (be it from a secondary dilution OR from a new deal)...