[swr]

Yes. According to the prospectus[1] 4,165,972 shares new shares are being issues raising the outstanding Class A shares to 97,732,877.

This is part of the reason there was a bit of a sell off after the announcement.

[1] http://www.sec.gov/Archives/edgar/data/1271024/0001047469130...

[xxpor]

Mathematically, their price should go down exactly (due to this announcement) (1 - Old # of outstanding shares / New # of outstanding shares)%

[cperciva]

Only if you think the money they're getting for selling the stock is worthless...

[xxpor]

Oy vey, I knew I was doing something wrong, I was just too focused on the math :)