RE:RE:RE:RE:trust me i am long and it is a fund raiseStocks can be halted for financing. Both XBC and GRN had recent financing. GRN also had wts outstanding at the time that were in the money.
A financing can be either a negative or a positive. Both the XBC and GRN financing were done at really great terms. The underwriters were very confident in making money off the wts attached. On the other hand if the financing get viewed as being done from a weaker hand then the sp can suffer.
If CVX trades up even a quarter percentage wise over the next three weeks as XBC and GRN did after the financing we will all be happy campers - cept for those short.