not really, depends on how big. The key thing to remember there is that it says they anticpate doing the R/S upon commencement of its operations. So not until they are making money. Dilute until then for bills and what not since price cant lower anymore. doing the R/S after operations begin means that they will no longer have to sell shares for funds. So market will be mostly buys from all outstanding shares being in float. plus if you have any pref shares those dont get affected by rs