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DayStar Technologies Inc. Message Board

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  • post_looks_10a_brass post_looks_10a_brass Mar 26, 2006 10:49 PM Flag

    DSTI updates pt 1

    Thank you for the response.

    Not sure I understood how management intends to do an early conversion of **non-redeemable** Class B warrants to finance the new fab facility, though. ?:|

    Seeing that DSTIZ is trading below the issue price of $5, an open-market warrant buy-back might be good for the balance sheet, but then it's an expense and not a source of financing.

    With a big warrant overhang, I'm guessing it's going to be a secondary public offering of common stock, instead of more warrants to VCs.

    I'm hoping for an entry point once the uncertainty goes away.

    Thanks again.