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Created: 16-Jun-2011
  • Category: Lounge
  • Moderator: whitetiger
  • Co-Moderator: mell
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Exposing companies that are being pumped and manipulated by promoters.

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alphaville76 25-Jan-2012 07:41 PM
Post Type: Public Public
RACK filed S-1 on Jan, 17th (#13034) 25-Jan-2012 07:41 PM

RACK will issues 40,803,384 shares new shares.

Considering that they have currently 99,365,472 shares outstanding, that represents a more than 40% dilution.

On January 11, 2012 the Company has engaged the investment banking firm of Roth Capital Partners, LLC

Roth was also Orient Paper's investment bank

I suppose, that Rackwise (OTCCB:RACK) will start a bigger promotion campaign in the next weeks.

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