- RGS Energy (OTC:RGSE) has commenced and offering of $3.5M worth of units consisting of common stock and warrants. The company had just $1.95M in cash (to go with $4.35M in line-of-credit borrowings) at the end of 2014.
- Shares have fallen to $0.60 AH. The offering follows a 5-day tear during which RGS' shares rose 169%. They gained 45.6% in regular trading today.
- Earlier: RGS Energy continues soaring after SA author makes bull case