How can you seriously suggest that a company in need of cash will make a placement at a price that is "significantly more than Friday's close."
Maybe you'd care to provide us with any other examples you know of where companies in dire need of cash and trying to refinance debt have placed shares at a significantly higher price than their last closing price before they called a trading halt?
Methinks you're talking out of your pocket.
Happy to be proven wrong.
MUN Price at posting:
4.6¢ Sentiment: None Disclosure: Not Held