If AKRK does a secondary offering the benefits will far outweigh the negative impact of dilution.  A successful offering will provide the capital necessary to complete several pending transactions to acquire additional cork forest acreage and production assets.  The acquisitions would vertically integrate operations resulting in greater operational efficiencies, increased profit margins and the capacity to aggressively increase international distribution.  In addition, the offering would trigger the conversion of the Ancora Greater China Fund promissory note to equity resolving the $700,000 debt issue and making Ancora a major shareholder.  Having a prestigious investor like Ancora with a large equity stake in the Company has to help.  Finally, a secondary offering would broaden the shareholder base which would be supported by Global Arena Capital Corp. the investment banking firm retained by Asia Cork to do the offering.   Essentially the offering would provide the funds needed to jumpstart the business and kick AKRK to the next level. 

The biggest unknown for now is how long it will take the Company to complete the offering especially since a Form S-3 filing with the SEC is probably required.   The SEC might require the Form 10K be filed before the S-3 which could push the offering off until April.  Who knows though, the offering might happen next week.  However long the process takes though, the wait will be well worth it.