$OEG I may get it wrong but the form of effectiveness is an acceptance of the S-3 filed 6th of April for the possibility of the company to do an offering with a maximum offering price of 150 Million $. I am not worried long term as the last deal valued the stock at 5.59$. If we have a new offering it should be at a similar price, even if the stock trades lower. I plan to add more soon, preferably at 4$.
@Nava3 That is what i get from clicking to the file. It would also make sense, since anyway they may have to do more offerings to further grow. If the cash raised give value to shareholders I do not mind