Thursday, December 17, 2009

LDK Solar taps the S.Y.A. financing market (LDK)

SYA being "Save Your A$$" financing.

China-based LDK Solar announced an offering of 18.9million ADS (American Depositary Shares).  Sounds fine, right?  Nope.  The company warned that without this offering, their ability to continue as a "going concern" will be imperilled.

As if investors need another reason to be skeptical of this stock.  Check out the organizational structure, about as clear as tar:

Several "green" funds are taking it on the chin today, as LDK is a big component for some of them:

No comments:

Post a Comment