Replies to post #86129 on Short Term Traders-Listed Stocks

[dc_350]

HYTM had a stock offering today...

Hythiam Raises Approximately $7 Million in Registered Direct Offering

Hythiam, Inc. (NASDAQ:HYTM) announced today that it has entered into definitive agreements to sell 9,333,334 shares of its common stock at a price per share of $.75 to institutional investors pursuant to a registered direct offering, representing gross proceeds of approximately $7 million.

Investors will also receive warrants to purchase 2,333,334 shares of the Company’s common stock. The warrants have an exercise price of $.85 per share and are exercisable at any time after the closing of the transaction and before the 3rd anniversary of such initial issuance date. The closing of the offering is expected to take place on or before September 21, 2009, subject to the satisfaction of customary closing conditions.

The Company plans to use the net proceeds from the offering for working capital and general corporate purposes.

The shares and warrants are being offered by the Company pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission dated and declared effective on September 11, 2009. Rodman & Renshaw, LLC, a wholly owned subsidiary of Rodman & Renshaw Capital Group, Inc. (NasdaqGM:RODM - News), acted as the exclusive placement agent for the transaction, and Brean Murray, Carret & Co served as financial advisors in the placement.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The shares of common stock and warrants may only be offered by means of a prospectus. Copies of the final prospectus supplement and accompanying base prospectus can be obtained from the SEC's website at http://www.sec.gov.

[earlylight]

Stuck in Lodi..........again.

sorry bud.

hope you make out okay.

:(

[clairmontasap]

Out FRE 1.90

still holding HYTM

day off...will be in tommorrow

GL to all today