Analyze the sentiment of this statement extracted from a financial news article. Provide your answer as either negative, positive, or neutral.
Text: have notified that as a result of the Company issuing 14,432,000 new shares in the directed offering , the joint holdings of Pequot has decreased below 1-10 to 9.63 % of total number of shares and votes in the Company .
Answer:
Analyze the sentiment of this statement extracted from a financial news article. Provide your answer as either negative, positive, or neutral.
Text: have notified that as a result of the Company issuing 14,432,000 new shares in the directed offering , the joint holdings of Pequot has decreased below 1-10 to 9.63 % of total number of shares and votes in the Company .
Answer:+negative