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Energy Conversion Devices (ENER) Message Board

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  • mardermj mardermj Feb 14, 2007 1:42 AM Flag

    Didn't Approval To Issue 100M more shares just happen?

    My take on this entire series of posts is, the 50M extra share offering exists, it might parallel the $49 offering of last year, but probably will be at par or FMV, 100M vice 50M is still a low float, but the bottom line is--

    supply doubling and demand constant for shares, the CEO stating he is having trouble getting a partner for key operations, the likelihood of a share offering at this juncture is high, and the current share holders will suffer.

    Relatively speaking, as much as fifty percent, and the more time goes by the more possible if ENER goes it alone without partners, such a precipitation is likely.

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