L****a
发帖数: 572 | 1 ReneSola Files To Sell $100 Million Of Common Stock
June 25, 2009, 3:37 pm
Posted by Eric Savitz
China-based solar wafer producer ReneSola (SOL) today filied with the SEC to
sell up to $100 million of common stock. The filing reads like a shelf
offering; no specific number of shares to be sold were provided, and no
underwriter was named.
At March 31, the company’s balance sheet showed $172.6 million in cash and
another $67.4 million in restricted cash, but that was offset by $277
million in shor | L****a
发帖数: 572 | 2 This solar 2nd offering wave is not gonna end soon. All of these solar
companies are in heavy debts and cash thirst, like vampires hunting for
blood. | L****a
发帖数: 572 | 3 ReneSola (SOL) Announces Pricing of Follow-on Public Offering of 15,500,000
American Depositary Shares | L****a
发帖数: 572 | 4 Ascent Solar will offer 4 million shares
THORNTON, Colo. (AP) -- Solar cell maker Ascent Solar Technologies Inc. said
Thursday it will publicly offer 4 million shares.
Underwriters will have a 30-day option to buy an addition 600,000 shares.
Net proceeds are expected to be used to expand Ascent Solar's rated
production capacity and for general corporate purposes.
Separately, Norsk Hydro Producksjon AS, its largest shareholder, will buy $5
million in shares as part of a private offering, as long | s**********n
发帖数: 868 | 5 As a SOL shareholder, I'm very pissed off by the offering price.
4.75... How can they dilute at such a robbery price?!
20+% dilution to reduce Dedt/Equity from 160% to 130%...
000
【在 L****a 的大作中提到】
: ReneSola (SOL) Announces Pricing of Follow-on Public Offering of 15,500,000
: American Depositary Shares
| s**********n
发帖数: 868 | 6 Since the thread started in June, I remember TSL did second offering with ~
20% dilution in Jul/Aug, and STP and YGE both did second offering a little
bit earlier as well.
said
$5
【在 L****a 的大作中提到】
: Ascent Solar will offer 4 million shares
: THORNTON, Colo. (AP) -- Solar cell maker Ascent Solar Technologies Inc. said
: Thursday it will publicly offer 4 million shares.
: Underwriters will have a 30-day option to buy an addition 600,000 shares.
: Net proceeds are expected to be used to expand Ascent Solar's rated
: production capacity and for general corporate purposes.
: Separately, Norsk Hydro Producksjon AS, its largest shareholder, will buy $5
: million in shares as part of a private offering, as long
| L****a
发帖数: 572 | 7 Yes, I didn't add them into the list.Currently, many of the solar companies
have large amount of debts. On the other hand, they also need capital to
expand their production. Some of the 2nd offering are benign, meaning that
they are used for production expansion. But some are vicious, meaning that
they are used to solve liquidity problem.
【在 s**********n 的大作中提到】
: Since the thread started in June, I remember TSL did second offering with ~
: 20% dilution in Jul/Aug, and STP and YGE both did second offering a little
: bit earlier as well.
:
: said
: $5
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