They have said they are meeting with the FDA, they are presenting at this weekends conference and the volume is starting to dry up. As soon as any positive news comes out this is going to be a huge winner for anyone who is in this below 5 IMO gl to all.
This is going over 5 today, just digesting early gains for now, next leg up will push thru 5 settle back around 4.95 at close IMO
With the latest news and the hope of the FDA allowing this drug to continue it will see 10 quick IMO. There is no way the institutions are going to sell this for a loss now, with things starting to turn positive.
This is going to 5.7 today by close
This makes no sense, my wife's girlfriends husband works for this company. She told my wife that he has worked more overtime in the last 2 months then the previous 2 years combined, and there is no end in sight. So they have to be making money you would think, so I'm staying long, and see what this Q brings I guess.
That secondary was planned and announced awhile ago, the funds are to close the deal for mercury. So they have the 2 mill in the bank the 10 mill from the deal and the line of credit.
Hag just stop with your BS we all know whats up here.
This is good, also the shares given will be less because the price has been above 3 so I don't know what all the panic is about, except shorts twisting the headlines.
Upon the consummation of the Merger (the “Effective Time”), Real Goods Solar will issue 7,900,000 shares of its Class A common stock (the “Real Goods Solar Common Stock”), subject to certain adjustments discussed below, as the consideration for the acquisition of Mercury.
The number of shares of Real Goods Solar Common Stock issued as merger consideration is subject to working capital and market price adjustments. Mercury’s working capital will be estimated for purposes of determining the number of shares of Real Goods Solar Common Stock to deliver at the Effective Time. If the amount of estimated working capital at the Effective Time is higher or lower than the working capital target set forth in the Merger Agreement, the number of shares of Real Goods Solar Common Stock paid at the Effective Time is increased or decreased, as the case may be. After the Effective Time, the parties will determine Mercury’s actual working capital and, if necessary, true-up the number of shares of Real Goods Solar Common Stock constituting the merger consideration. In addition, the merger consideration is also subject to a market price adjustment and will be increased in the event that the volume weighted average per share price on The NASDAQ Capital Market for the Real Goods Common Stock during the 20 consecutive trading days ending two days before the Effective Time (the “Average Closing Price”) is less than $2.56, and will be decreased in the event that the Average Closing Price is greater than $3.00, in each case, calculated in a manner set forth in the Merger Agreement. No fractional shares of Real Goods Solar Common Stock will be issued.
The new shares to close the deal for mercury? Or is this something other then that?