Altair Nanotechnologies Inc fka ALTI

[lbman]

I think it has to do with the news associated with the note 3/29/2011. pertaining to uncertainties with Canon LTD and issuance of warrants


Altair Nanotechnologies, Inc. (Nasdaq: ALTI) 25.2% LOWER; has entered into several agreements for the private placement for $6.4 million of common stock. Under the terms of the transaction, these institutional investors will purchase 3.6 million shares of Altair common stock at a purchase price of $1.784 per share.

http://www.streetinsider.com/Special+Reports/Morning+Movers+0329%3A+(TRCI)+(SHZ)+Higher%3B+(HRZ)+(ALTI)+(DYP)+(NVGN)+(ACMR)+Lower/6393705.html