InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,300.45
(
0.06%
)
US TECH 100
18,064.40
(
-0.08%
)
Dow Jones
39,969.53
(
0.25%
)
Brent Oil
83.78
(
0.69%
)
Bitcoin
66,963.17
(
2.64%
)
Post# of 275589
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Bucks4Buckeyes

Send PM Follow Ignore
Followers 147
Posts 4488
Boards Moderated 0
Alias Born 03/30/2011

Bucks4Buckeyes

Re: None

Tuesday, 01/31/2012 8:24:02 AM

Tuesday, January 31, 2012 8:24:02 AM

Post# of 275589
Ouch - REXX down in pre-market - increasing share structure by 15%.

DOW JONES NEWSWIRES

Rex Energy Corp. (REXX) and Golub Capital BDC Inc. (GBDC) unveiled plans to offer common stock, sending shares down after hours.
Independent oil and gas company Rex Energy said it will offer 7 million shares as it looks to raise funds to repay borrowings under its senior credit facility. Shares slipped 7.6% to $9.80 after-hours. The company had 44.4 million shares outstanding as of Nov. 2.
Golub Capital, which provides debt financing and makes equity investments in middle-market companies in the U.S., said it will offer 3.5 million shares. It plans to use the proceeds to invest in portfolio companies and for general corporate purposes. Shares were down 2% to $15.31 after-hours. The company had 21.7 million shares outstanding as of Dec. 7.


At least it is a quick mover and may bounce hard when it finds bottom in a day or so. Who knows, maybe just today?

All The Best

Be careful, most people get burned by penny
stocks.


Like my posts? http://twitter.com/#!/Bucks4Buckeyes

Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up