yes it is. About half their capital. By the way, I don't expect this to open at 30 in this market. Still, it is favorable news, reaffirms their financial condition.
Petterfly played his hand a little too soon, had he waited for a market that is in stronger gear to the upside...perhaps a day or two...he may have got that 30+ response leg on a burst of viscious buying/sc.
All in all, kudos to him, may help set a precedent for other ceos to come outta their bunkers and storm the playing field. Get enuf of that kind of action, can make tremendous difference to the complexion of this market.