MOTR rights to sell......
whats the details of this filing....???
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December 5, 2011 7:21 AM EST
Motricity, Inc. (Nasdaq: MOTR), filed a registration with the U.S. Securities and Exchange Commission to sell, from time to time, up to $50 million of subscription rights to purchase units.
The rights will be distributed to Motricity stockholders at no charge.
motr has approx 46 million shares outstanding...worth approx $50 million