$54 million stock offering aka dilution in filing today.
At $6.46 its like 8million shares...
O/S is only 19mill
Huge dilution.
No given price in the filing which is very unusual. You do the math.
Posted by PCola77 on :
Good short where you got it, but I don't know how much more downside there is. Was trading at $14 earlier in the year, and somewhere around $8 when they first announced this in mid-may, so a good bit of it may already be priced in.
I'll be watching in the morning though.
Good luck.
Posted by stocktrader22 on :
Well...who is the buyer out of curiosity? No price in the filing, something is fishy IMO. The company is a POS anyways without this filing.
Posted by stocktrader22 on :
WOWOWOW going to raise lots more than that 54million..huge dilution..and isnt this plant a little to late here?
In addition to the $54 million which the Company anticipates raising through the equity distribution program with UBS, the Company estimates it will need to raise approximately an additional $56 million to complete engineering, procurement and construction of the plant, which the Company intends to raise through one or more subsequent debt or equity offerings during calendar year 2009.
Posted by PCola77 on :
Approaching 6 now, which it bounced off hugely in Novemeber. Hope it breaks for you and keeps dropping.
Posted by Peaser on :
Just remember st22, the current O/S is still very low, so be careful...
Posted by stocktrader22 on :
Thanks bud...made a ton on this short already though. This company is a POS I expect it to go into the mid $5's
Posted by chehtet on :
Technically, HOKU has been showing support around $5.79 and resistance in the $8.75 range. The selling signal was on but not strong. (http://www.9trading.com/index.php?symbol=hoku)
Posted by stocktrader22 on :
I'm glad you are all coming to save me when this POS has dropped from this short of $6.46 to the $5's
Posted by stocktrader22 on :
LOL HOKU POS just like I said. $5.18 now..
Posted by glassman on :
Posted by stocktrader22 on :
Damn what a total POS like I stated, $4.50
of course this is what you get when you dilute your whole stock for some POS "expansion" with some hot shot 35 y/o CEO
Posted by stocktrader22 on :
