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Just waiting on the volume to follow
Good RZ News:
Raser Technologies Restructures $15 Million Line of Credit
BY Business Wire
— 06:00 AM ET 07/23/2009
PROVO, Utah--(BUSINESS WIRE)--Raser Technologies, Inc. (NYSE: RZ) announced today that it has restructured its existing $15 million line of credit, funded by certain stockholders of the Company. In connection with the amended agreement, Raser paid off $2.9 million of the loan principal and $0.4 million of accrued interest. The maturity date of the remaining principal balance of $10.5 million was extended until July 31, 2010 and can be repaid early without penalty. Lenders who have funded a majority of the outstanding balance also have the right to demand early repayment of all or part of the outstanding balance at any time after November 15, 2009. The principal balance, and any accrued interest thereon, can be paid in the form of cash or equity securities at the sole discretion of Raser. The interest rate remains the same as previously announced.
Raser CEO, Brent Cook said, “This amended line of credit will allow us to focus more of our capital toward our development efforts. We believe we have several promising financing opportunities for growth that we expect to utilize in the near future.”
As was previously disclosed, the Company recently signed a term sheet with the Southern California Public Power Authority (SCPPA) for 110 megawatts of geothermal power. This prepaid power purchase agreement would provide the majority of funds required to build the power plants to produce that power. We are seeking 30% clean energy grants authorized by the American Reinvestment and Recovery Act that would provide additional funding to cover up to 30% of the cost to build these plants.
Raser has also submitted an application to the Department of Energy for loan guarantees in connection with the financing of an additional 42 megawatt power project. If the application is approved, Raser intends to couple this loan guarantee with clean energy grants to fund the majority of the 42 megawatts of power. This loan guarantee application is in the latter stages of the approval process. In addition, Raser is seeking additional loan guarantees and additional grants for other projects.
“The new administration is heavily focused on supporting efforts of renewable energy companies like Raser,” said Cook. “We will continue pursuing these government incentives. We believe the loan guarantees and other grants we have applied for are an attractive opportunity that can help our company grow.”
RZ News:
Raser Technologies Restructures $15 Million Line of Credit
BY Business Wire
— 06:00 AM ET 07/23/2009
PROVO, Utah--(BUSINESS WIRE)--Raser Technologies, Inc. (NYSE: RZ) announced today that it has restructured its existing $15 million line of credit, funded by certain stockholders of the Company. In connection with the amended agreement, Raser paid off $2.9 million of the loan principal and $0.4 million of accrued interest. The maturity date of the remaining principal balance of $10.5 million was extended until July 31, 2010 and can be repaid early without penalty. Lenders who have funded a majority of the outstanding balance also have the right to demand early repayment of all or part of the outstanding balance at any time after November 15, 2009. The principal balance, and any accrued interest thereon, can be paid in the form of cash or equity securities at the sole discretion of Raser. The interest rate remains the same as previously announced.
Raser CEO, Brent Cook said, “This amended line of credit will allow us to focus more of our capital toward our development efforts. We believe we have several promising financing opportunities for growth that we expect to utilize in the near future.”
As was previously disclosed, the Company recently signed a term sheet with the Southern California Public Power Authority (SCPPA) for 110 megawatts of geothermal power. This prepaid power purchase agreement would provide the majority of funds required to build the power plants to produce that power. We are seeking 30% clean energy grants authorized by the American Reinvestment and Recovery Act that would provide additional funding to cover up to 30% of the cost to build these plants.
Raser has also submitted an application to the Department of Energy for loan guarantees in connection with the financing of an additional 42 megawatt power project. If the application is approved, Raser intends to couple this loan guarantee with clean energy grants to fund the majority of the 42 megawatts of power. This loan guarantee application is in the latter stages of the approval process. In addition, Raser is seeking additional loan guarantees and additional grants for other projects.
“The new administration is heavily focused on supporting efforts of renewable energy companies like Raser,” said Cook. “We will continue pursuing these government incentives. We believe the loan guarantees and other grants we have applied for are an attractive opportunity that can help our company grow.”
CVM gapping 10% PM -looking good Lang
CVM up 10% in PM going to gap
Ditto, chart looked primed last week for a bounce.... frustrating but I'm still holding
Speculation CIT may avoid bankruptcy also weighs (Adds strategist quote, updates prices)
By Chris Reese
Traders and analysts said speculation that CIT Group may be able to avoid bankruptcy also weighed on government debt.
A source close to the company said on Friday that CIT was in talks with JPMorgan Chase & Co (JPM:$36.89,00$0.76,002.10%) and Goldman Sachs Group Inc (GS:$156.84,00$0.00,000.00%) about short-term financing.
"There is some word now that a private-sector bailout may be engineered, and just the fact that the government does not want to lead the charge to bail (CIT) out suggests that their latest data also suggests that the economy is recovering," Dietze said.
I was betting on the SAME outcome... financing news= 25%-50% pop
I'm right there with you... got in @ .64...looking good right now but I'm watching A/H closely!
grabbed some @ .64 for an insane swing within the last 30 minutes of the market...still holding...couldn't help it...liquidity was too tempting
04:17 PM Eastern Daylight Time, 07/17/2009 (MidnightTrader) -- Financial shares closed mostly lower. CIT Group (CIT:$0.70,00$0.29,0070.73%) is reportedly in talks with JPMorgan Chase (JPM:$36.89,00$0.76,002.10%) and Goldman Sachs Group (GS:$156.84,00$0.00,000.00%) to raise capital.
Unfortunately doesn't look like we're going to get there today....unless a surge of volume floods in
Yep, the resistance around 2.50 is light but that is a reasonable goal
Looking much better now, I think it has a potential to bounce 15%-20%
I completely agree, with all of the halts and BKs lately I've been very risk adverse
CIT Still Seeks Financing Amid Speculation of Possible Buyer
http://www.cnbc.com/id/31954479
IMO the talking heads at CNBC still trying to spin CIT -Hope anyone playing it gets $$ before any BK occurs
Someone hates RZ and screwed up the daily chart right at the open... stupid 1k buy @ 2.19
Hey SL, Good to see you coming around still every once in a while. I hope the market has been good to you!
I agree Z, after all of the JPMC acquisitions within the last 12mo the Feds (most likely) won't let them acquire CIT
Yep, could be a tough day if the broader market pulls back and sells off
Damn, missed FPBN (+120% today)
Done on purpose probably....why play games... unless someone extremely short is trying to keep this down by messing up the chart and technicals
RZ heavy volume out of the gate and then they pull the pps back -typical mm games
RZ going to bounce hard
Highly possible based on typical low volume summers...in this market who truly knows
GLTY
I'll do my best FYI the share and short structure might help the technicals as well!
Short Interest (Shares Short) 7,848,100
Days To Cover (Short Interest Ratio) 4.8
Short Percent of Float 14.96 %
Shares Float 52,460,000
Total Shares Outstanding 64,482,871
% Owned by Insiders 29.46 %
% Owned by Institutions 20.80 %
Pincher, bounce, looking forward to a continuation tomorrow!
-VP
Hey MOMO, RZ bounce in play for tomorrow
Best of luck to you and the board tomorrow!
Lang, I hope you and the rest of the CIT shareholders get some $$ out of it all!
Great TA work and annotations! Classic Inverse head & shoulders pattern
http://www.investopedia.com/terms/i/inverseheadandshoulders.asp
DJIA looks poised (with volume) to break through the 9000 level
If you're looking for a good possibility for a short swing / DT bounce play take a look
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=39624684
could help recover some losses
RZ Link back 2 for charts - RSI (2) at 70, MACD-ADX-TRIX all turned sharply up all tech indicators are a go for the bounce tomorrow! Will be watching L2 closely tomorrow
RZ Looking great for the bounce play
RZ did well today (another chart on the road to recovery) -saw it this morning after I bought EGLE....Looks like they both were a great success today!
WNR Chart Ready
Looking at HEB history that ADX cross-over could provide explosive potential to the upside.
You're Absolutely welcome, glad it worked well for you and the others! I wish I would have had more time today (to play it) but the day job demanded my attention. We all have (and continue) to benefit from the board, members and countless alerts!
Wow....we really missed out on that .88 buy opp. I bet we're not alone and they're quite a few others that watched it climb in disbelief.... hope you and everyone continue to make $$ on it!
Hope you guys made some cash on it- it was @ 1.08 when I sent the board message....I knew I should have bought and pulled the trigger!!!
YRCW might be a good one to watch closely-