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Technology Stocks : Beacon Power (BCON)

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To: GatewayStocks who wrote (44)9/1/2006 9:42:10 PM
From: Skywatcher  Read Replies (2) of 49
 
Don't be buying anytime soon
another DILUTION
Beacon Power files $40 mln mixed shelf
Beacon Power Corp. (BCON.O: Quote, Profile, Research) may periodically sell up to $40 million in common stock, preferred stock, warrants and other securities, according to a regulatory filing on Friday.

The Wilmington, Massachusetts company said it plans to use the proceeds for general corporate purposes including debt repayment and acquisitions, according to the filing with the U.S. Securities and Exchange Commission.

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 the sale.
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