No. of Recommendations: 1
What a time to propose to dilute your stock price with a new public offering. I'm thinking they're desperate. The developments in the corporate credit world make it much more likely that Daystar is now a good GTZ (gone to zero) candidate. I wish I'd shorted this one when I sold it but I wasn't so sure they were even going back down at that point.

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DayStar Announces Proposed Public Offering of Common Stock
Monday August 6, 8:33 am ET

HALFMOON, N.Y., Aug. 6 /PRNewswire-FirstCall/ -- DayStar Technologies, Inc. (Nasdaq: DSTI - News), a developer and manufacturer of CIGS Photovoltaic products, today announced that it has filed a registration statement with the Securities and Exchange Commission relating to the proposed public offering of its shares of common stock. In connection with the offering, DayStar will grant the underwriters an option to purchase up to an additional fifteen percent of the number of shares sold in the offering to cover any over- allotments.

Piper Jaffray & Co. is the sole book-runner of the proposed offering.

http://biz.yahoo.com/prnews/070806/clm046.html?.v=97

http://tinyurl.com/3aw9tj
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