Well they sold 10.2 million rights so does that constitute a success? LXRX offered the same without the rights offering stock symbol being traded and one of the institutional holders bought up all the excess rights. STXS was shy of a total by about 5 million. Of course if you were not on top of everything and had not been watching your account you could have missed the whole thing. I never got any special communication from Scottrade about the rights offering, so many stock holders could have missed the whole thing.
There was demand for this stock at $3.4 so I don't think it is a fantasy that this is oversold.
So they can scarf up all the low priced shares and then those that bought the $3.40 new shares can drive it up. You are losing a great opportunity.
I would love that it would be a take over target but isn't RSOL one of the bigger companies out there in the residential market? SCTY is more focusing on the larger energy market:
SolarCity Corp. (SCTY), the first U.S. company to offer bonds backed by rooftop solar panels, plans to sell as much as $200 million of additional notes as soon as the second quarter, its chief financial officer said.
The company expects subsequent bond offerings as often as every quarter, Chief Financial Officer Bob Kelly said today in a telephone interview. SolarCity, based in San Mateo, California, sold $54.4 million in bonds Nov. 13 in a transaction that closed today.
Investors are recognizing that selling electricity from solar systems is a stable, long-term source of revenue, Kelly said. That makes the company’s contracts to sell power well-suited for securitization.
I agree what bodes well for one solar installer bodes well for all.
SA is getting a bad rep these days because the multitude of unqualified authors that post drivel on their site. It used to be well respected but this last article is purely a pump and dump company. What a joke that people took that seriously.
The first of the last three contracts was much bigger:
TRPN is an international network with a global arm called World PPO that provides health care access to more than 100 million members, including 15 million in the U.S. These members now have access to CombiMatrix's suite of molecular diagnostic solutions and comprehensive clinical support -- specializing in prenatal, miscarriage and pediatric healthcare.
That only brought interest up to 3.30. So what the heck?
Did not get over $3 and ertainly did not hold at all. So what is the difference with this contract?
Why is this partnership causing such a runup when the last one topped out at 2.95 and then promptly dropped back under 2.50?
Made their offering at the asking price, kept the number of shares low for the next year but it is not going up. Started to but then dropped back down. I do not get it.