Resource Capital Corp. Announces Common Stock Follow-On Offering
Resource Capital Corp. (NYSE: RSO) (the "Company") announced today that it intends to offer approximately $50 million of its common stock in an underwritten public offering. FBR Capital Markets & Co. will act as sole book-running manager and JMP Securities LLC will act as co-manager for this offering. The underwriters will have a 30-day option to purchase up to an additional 15% of the offered amount of common stock from the Company to cover overallotments, if any. The shares will be issued pursuant to a prospectus supplement filed as part of an existing shelf registration statement filed with the Securities and Exchange Commission (the "SEC") which was declared effective on June 6, 2008.
Probably not since he simply quoted a press release from 2008. No rule against posting old information. But he did it in the context of 2011 and that could be seen as deliberately misleading investors. Still, the SEC isn't going to do a thing. I did, of course, report it to Yahoo.
Fred, isn't what he did illegal and shouldn't it be reported to Yahoo and the SEC. This is a criminal intent to spread false information about the stock market. He should get arrested, not just ignored.