> Dynegy Inc. (DYN) re-filed an offering with the U.S. Securities and
> Exchange Commission that would allow its largest shareholder, LS Power
> Associates LP, to sell up to its entire $103.1 million stake in the
> electricity generator.
> In a filing with the U.S. Securities and Exchange Commission, Dynegy
> said LS Power is offering about 82.5 million shares at $1.25 apiece,
> in line with its closing price Thursday. A prior registration
> statement expired Monday, and Dynegy said LS Power sold 12.5 million
> shares last month.
> LS Power was awarded the shares as part of a deal that closed last
> year for LS to buy nine U.S. power plants from its one-time
> development partner. The deal gave LS a 15% stake in Dynegy. As of
> Thursday, LS Power's stake made up 13.7% of Dynegy's market
> capitalization.
> Under the filing, shares can be sold from time to time on the open
> market.
> In February, Dynegy said its fourth-quarter loss widened on asset
> sales and mark-to-market losses as the company reported a steeper-than-
> expected decline in revenue.
> Shares rose a penny to $1.26 in recent trading and are off 30% so far
> this ye

> On Apr 11, 8:33 am, topdog <djwip...@mc.net> wrote:

> > Think you're right nor BR, its just a matter of picking the bottom to
> > jump on and people are waiting. Looks like some big sellers dumped big
> > lots that were sucked up fast by us bottom dwellers looking for a
> > deal. I heard of an offering and depending on what they put it out at
> > it might drop to that amount though, often if a company is successful
> > at raising money the stock's price goes right back up better than
> > before and breaks a stagnant cycle like we are in. When the price is
> > right and things are easier to read we will probably get new
> > institutional buying and a good move up with it.

> > Don't see a bunch of shorting so, we should not see any short squeeze
> > here which turns a stock into a temporary rocket.

> > At 1.18 it hit much resistance so I bought more but is it the bottom?
> > It might be unless the new offering is for less and then it might drop
> > to that amount. At that point I would think the bottom will be more
> > easy to read so, I might buy a little now to play it safe and hold
> > back some funds to get more if we see a further pullback on the
> > offering.

> >  If you hear what Dynergy is going to sell the new shares for post it
> > and or I'll do likewise. Thanks, Topdog

> > On Apr 8, 8:51 pm, randooch <rand...@cmspan.net> wrote:

> > > that is, why bother if bankruptcy is in the sights?  it's been down
> > > down down for this company for so damned long, and now they're going
> > > to knuckle under and comply with retrofitting.  why?  i'd venture a
> > > guess:  they're NOT going bk.  they're not making any money now,
> > > either.  so is it to become more attractive as a buyout target?
> > > (who'd buy a dinosaur, after all?)

> > > too many questions, i know.  but here's one more:  what's the bottom
> > > for this stock?  a buck? a quarter? a dime?- Hide quoted text -

> > - Show quoted text -- Hide quoted text -

> - Show quoted text -