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Voltari Corporation Message Board

  • dorje_mind dorje_mind Dec 5, 2011 9:50 AM Flag

    MOTR rights to sell......

    whats the details of this filing....???

    Motricity (MOTR) Files $50M Subscription Rights Shelf

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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

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