Bruce dilution bonanza. looks like brainboost will be retired and I think raw just lost his job with lexico.
July 17 (Reuters) - Answers Corp. (ANSW.O: Quote, Profile, Research) said on Tuesday it may periodically sell up to $140 million in debt securities, common stock, preferred stock, warrants, and units.
The company, which operates Answers.com, said it intends to use the proceeds to acquire other companies, products or technologies, including the outstanding equity interests of Lexico Publishing Group LLC.
Under a shelf registration filed with the U.S. Securities and Exchange Commission, a company may sell securities in one or more separate offerings with the size, price and terms to be determined at the time of sale. (Reporting by Sayantani Ghosh in Bangalore)
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