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Technology Stocks : ELECTROGLAS -- How far can it go?
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To: robert b furman who wrote (1056)5/31/2006 2:23:31 PM
From: Proud_Infidel  Read Replies (1) of 1070
 
Someone please change the thread name to "ELECTROGLAS -- How far can it go down?"

Electroglas files $50 mln debt, stock shelf
Wed May 31, 2006 2:19 PM ET

WASHINGTON, May 31 (Reuters) - Electroglas Inc. (EGLS.O: Quote, Profile, Research), which supplies semiconductor and manufacturing equipment, on Wednesday said it may periodically sell up to $50 million in debt securities, common and preferred stock, and warrants.

In a shelf registration statement filed with the U.S. Securities and Exchange Commission, the company said it plans to use the proceeds for general business purposes and possibly investments in securities.

Under a shelf registration, 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.
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