Daystar Technologies Kills Current Shareholders With Conversion (DSTI)

DayStar Technologies, Inc. DSTI entered into Purchase Agreements with several different investors to provide the company with money to further continue operations. In return, DayStar gave each investor a secured convertible promissory note and a warrant. This kills current shareholders as the notes are convertible at $0.90 a share and the warrants are convertible at $1.25 a share. The stock closed at $2.57 yesterday and in pre-market trading, Daystar shares are getting crushed, down 39 cents to $2.18. Learn how to find the best stocks to trade each day in our 70 page E-Book and 90 minute online video for free.