Tuesday, March 18, 2008

Yikes: Ascent Tech / Bear Stearns Connection

From Motley Fool

Apparently Bear Stearns was underwriting an $80 Million offering for Ascent. It seems that the offering should still go forward under the agreement with the Fed and JP Morgan. It might be something to watch, though.

As it stands, the Market Cap of ASTI is only $116 Million. This is a big chunk of new money they're needing, and based on today's climate, I can't help but think that this might be a tough offering.

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