Seeking Alpha

RGS Energy -10% on private equity offering

  • RGS Energy (RGSE) -9.8% premarket after announcing a ~$7M private placement.
  • RGSE will issue units consisting of an aggregate of ~2.9M shares of its Class A common stock and warrants to purchase up to ~1.3M additional common shares, at $2.40/unit.
  • Proceeds will be used toward the launch of the company's residential leasing platform and for general working capital purposes, including debt repayment.
Comments (7)
  • GameKing13
    , contributor
    Comments (293) | Send Message
     
    Yaaaaayy. More offerings. I had believed in this company but this is getting ridiculous
    3 Jul, 08:33 AM Reply Like
  • Shu He Di
    , contributor
    Comments (2) | Send Message
     
    I really do not understand this management. By offering the share + warrant package at a price considerably lower than current share price it brings big losses to its current shareholders without gaining anything. This is not a shareholder friendly politics at all.
    3 Jul, 08:40 AM Reply Like
  • MovingMagic
    , contributor
    Comments (99) | Send Message
     
    Well, at least a short term shareholder setback. But then again, you should not invest in @RGSE for the short term, but for the long term. That goes for all solar stocks. Long term is 1 year.
    3 Jul, 08:48 AM Reply Like
  • The Legend
    , contributor
    Comment (1) | Send Message
     
    Companies like this should find investors to take it private and stop hurting existing shareholders
    3 Jul, 09:28 AM Reply Like
  • GameKing13
    , contributor
    Comments (293) | Send Message
     
    You guys selling?
    3 Jul, 09:31 AM Reply Like
  • alukro
    , contributor
    Comments (76) | Send Message
     
    Nope. But it depends on your situation. I sold half when I hit double returns so I'd get back my initial investment and plan on leaving the remaining amount until they either pop like SolarCity or bust and go bankrupt. For me this is a speculation stock and not an investment stock so I'm pretty comfortable holding through the volatility.
    3 Jul, 01:22 PM Reply Like
  • GameKing13
    , contributor
    Comments (293) | Send Message
     
    Truth is, the stock isn't crumbling as bad as I thought it would
    3 Jul, 09:37 AM Reply Like
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