Posts for Ticker ‘GRS’

Major Secondary Offerings Keep Coming (ALTH, ATAX, ARYX, APPY, GRS, LINE, SGMO, CAR)

Money Stack ImageWe are seeing more and more waves of secondary offerings continue to hit the Street since the stock market has held up. Many stocks are close to near-term highs and it seems they are raising cash in case the opportunity goes away.  Allos Therapeutics, Inc. (NASDAQ: ALTH), America First Tax Exempt Investors, L.P. (Nasdaq: ATAX), ARYx Therapeutics, Inc. (NASDAQ: ARYX), AspenBio Pharma Inc. (NASDAQ: APPY), Gammon Gold, Inc. (NYSE: GRS), LINN Energy, LLC (NASDAQ: LINE), and Sangamo BioSciences, Inc. (Nasdaq: SGMO) have all priced secondary offerings.  Avis Budget Group, Inc. (NYSE: CAR) is one of the pending offerings.
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Worst Corporate Press Release Of The Day: Gammon Gold (GRS)

R218533_855025_2Gammon Gold (GRS) is a Canadian-based gold mining company. Like many firms in the metals exploration industry, it likes to put our cryptic press releases on progress at its drilling sites.

These releases always mean the same thing, no matter how they are worded–"We are looking hard, but we have not found anything yet."

From Gammon’s release today on its Guadalupe y Calvo exploration property located in Chihuahua State, Mexico:

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