Entech Solar, Inc. (fka ENSL)

[Thirsty Tiger]

The effective price is more like 0.25/share

the reservation for issuance of shares of Common Stock upon exercise and conversion of the Warrants and conversion of the Preferred Shares of up to seventy-one million, nine hundred and nineteen thousand, four hundred and ninety (71,919,490) shares of Common Stock (the “Conversion Shares”) based on the current conversion ratio of 10 shares of Common Stock for each share of Series D Preferred Stock.

$18,000,000 divided by 71,919,490 equals $0.2503. The preferred issue price is 0.276 cents/share cents and the warrant exercise price is 0.317 per share

Still a good deal though. Consider EMKR went from $5 to $6 on the announcement