Brief: Palm: There are now 20,000,000 new shares available, please buy some, we need cash

Palm (NSDQ: PALM) has just issued a press release saying that there are now 20,000,000 new stock shares available for purchase at $16.25 per share. Once the sale is complete, they’re going to pocket around $313.1 million which they’ll no doubt be pumping into more products, further refinements of webOS, and a few more Apple (NSDQ: AAPL) employees. Good luck you crazy bastards, someone needs to kick the iPhone’s ass in terms of technical elegance and a lot of people are counting on you to do just that, myself included.