feed the beast!Rentech, Inc., a US-based provider of clean energy solutions, has signed a definitive subscription agreement to sell an aggregate of 11,111,000 shares of its common stock to institutional investors at a price of $1.80 per share. The transaction will result in gross proceeds of approximately $20 million. Brean Murray, Carret & Co., LLC is acting as placement agent for the offering, which is expected to close on September 28, 2009.
Is it broadly logical to think...Because some traders get positions off their accounts before weekends....the price would drop and hence it is a better time of the week to buy?Or doesn't that have any effect at all.... Friday afternoon?
Also, do you know anything about the new IPO Game... there was a lot of talk on it before it went public and it has dropped some.. is this a good point to get in?
RTK 1.73 +0.02 +1.18% YRCW 4.33 -0.31 -6.68% FNM 1.60 +0.03 1.91% FRE 1.91 +0.04 2.14% PWAV 1.58 0.00 0.00% RAS 3.00 +0.11 3.81% NVAX 4.41 +0.61 16.05% *added todayDVAX 1.89 +0.11 6.18% *added today
RTK broke the support level today. Are you taking a loss and moving on or do you think it is sensible to wait?
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