Rosetta Genomics Ltd. Message Board
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Conversion price: $0.0944 ! What a Fraud!
An aggregate of $300,000 in principal amount of the debentures may be converted into Rosetta's ordinary shares at a conversion price of $0.0944 per share.
That's 3.17 million shares at $0.0944!
They'll get shares at $0.0944, while you pay $0.49 ?-
What? They sell 3.2 million shares at $0.0944 ?
How Come? while its low was $0.18 !
Totally Scam and Fraud, a group of crooks.
"The debentures have a maturity date of January 26, 2013 and accrue interest at a rate of 10% per annum, payable semi-annually. An aggregate of $300,000 in principal amount of the debentures may be converted into Rosetta's ordinary shares at a conversion price of $0.0944 per share. The debentures are secured by a security interest in all current and future assets of Rosetta and any current or future subsidiary."- 4 Replies to goldman321
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Let me remind you that this is after a 1 for 4 reverse split. In effect, they are getting the shares at 2.5 cents each. Me? I bought near the IPO ($7 +/-).
Why can't they make this type of offer to existing shareholders? At least we should be treated as well as some new private investment. -
no,,,,,,,,,,,,,,,,,,,,,,,up
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dilution machineeeeeeeeeeeeeeeeeeeeeeeeeeeee
- 2 Replies to biopeter1
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Move on your living in the past my friend lol.
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Enough
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Where did you see this information? Source please.
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Have you guys ever seen such a financing before?
- 1 Reply to goldman321
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No I haven't. And I think it's a horrible deal for both the company and the common shareholders.
The "licensees" of course got the deal of the century!
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HALTEDDDDDDDDDDDDDDDDD
- 1 Reply to oilspiking
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offering price @ 3.5
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pump/////dump
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secondary investors busy selling!!................................................
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And I bought in high. Not the news I needed IN THE SHORT TERM. I HOPE.
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That's why we traded 6 million shares today
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I agree with you...I will buy much more if it drops to $3.50..I still buy if it is under $6.00
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