Updates
July 20, 2011: Even with new issue, Morgan Keagan upgrades KOG from market perform to outperform.
July 19, 2011: I don't have the link yet, but folks are telling me the offering has increased to 24 million; price will be set at $6.10. See comments below.
Original Post
With just over 179 million shares currently outstanding, another 20 million represents about 11 percent of existing shares. With "options," as many as 23 million new shares could be sold.
