12-May-10 08:31 ET RODM Rodman & Renshaw withdraws shelf registration statement Co announced that it has filed a Form RW with the Securities and Exchange Commission requesting the withdrawal of the shelf registration statement initially filed on October 21, 2009 and declared effective on December 10, 2009. The shelf registration statement covers the potential resale by specified selling stockholders of up to three mln outstanding shares and the sale of up to $75 mln of undesignated securities by the co.
I don't know or care who Jessup & Lamont are. The fact that their price target is only $6 when shares are worth $8-10 today and will be worth $12-15 in a year tells me they're probably more Wall Street criminal "bankers" (con men) trying to steal our shares on the cheap.
Don't sell for anything less than $8 today. Period.