I would rather see growth then a dividend in the near future. I...

I would rather see growth then a dividend in the near future. I agree in an ideal world use use cash in the bank first however should another Matso opportunity come along I would not want the company to pass it up if a placement was required so having the shares ready is a wise move by management.

Like grizzly mentioned most small and mid cap stocks vote on a 10% placement every year.  Nothing to see there.  This should be the first quarterly with Matso results incorporated under the same umbrella.  

You might regret selling a couple of days early.  Best of luck, I'll be buying.