Raser Tech Raising More Money -- No Surprise

[david phillips]

Raser Technologies (RZ-$2.30), focused on the construction of
geothermal power plants, demonstrated once again that it is better at
raising money than actually delivering megawatts of geothermal power.
CEO Brent Cook said the company received net proceeds of $23.8 million
from its most recent offering of common stock and warrants. As
constructions costs per megawatt of capacity can run upwards of $6.0
million, it is unlikely that this latest capital raising will be the
company’s last.

http://10qdetective.blogspot.com/2009/07/raser-tech-performs-its-best-at-raising.html