They sold 3.25mil shares to some funds at 30.75 per share. They also gave two warrants of stock buying right (similar to stock options) to two funds. If the stock price is higher than 34.5 in June next year, the funds could buy the shares at $34.5 per share and sell at market price for a quick profit.
Since the share price of Rino International Corp currently is at 28, funds is still bullish to this stock. |
发表于 2009-12-10 13:55
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