San Diego, CA 7/10/2009 1:58:52 AM
Aerogrow International's Recapitalization is a 'Green Shoot' in More Ways Than One
With Aerogrow International, Inc. (AERO) able to raise funds or restructure to the tune of $7.6 million, this gardening product company may be seeing more than one kind of green shoot.
Though the recent $7.6 million recapitalization of Aerogrow International, Inc. (AERO) was initially met with unwelcome arms from the investment community, today's strong buying effort on high volume suggests the market sees more upside than downside in owning Aerogrow International. Aerogrow shares are up 70% today.
Investors and traders are invited to read further analytical review of Aerogrow International, Inc. as well as similar opportunities by subscribing to the free Small Cap Network Newsletter, which offers complete access to all commentary, market trend analysis, trading ideas and other useful market related insights by going to: www.smallcapnetwork.com/s/.
Aerogrow International's recapitalization consists of an amendment of the terms for a secured revolving credit facility, the conversion of accounts payable liabilities to long-term debt, a private placement of preferred stock and warrants.
About Aerogrow International, Inc.
Founded in 2002 in Boulder, Colorado, Aerogrow International, Inc. (AERO) is dedicated to the research, development and marketing of the AeroGarden line of foolproof, dirt-free indoor gardens. AeroGardens allow anyone to grow farmer's market fresh herbs, salad greens, tomatoes, chili peppers, flowers and more, indoors, year-round, so simply and easily that no green thumb is required. See www.aerogrow.com.
Forward-Looking Statement: This press release may include or imply "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
Small Cap Network is not a registered investment advisers or broker/dealer. Small Cap Network makes no recommendation that the purchase of securities of companies profiled in this website is suitable or advisable for any person or that an investment such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for many of their securities, investing in such securities is highly speculative and carries a high degree of risk.
Contact Information:
Small Cap Network
4653 Carmel Mtn. Rd
Suite 308 #402
San Diego, CA 92130
Email: editor@smallcapnetwork.com
Source: Small Cap Network
http://community.smallcapnetwork.com/Penny-Stocks-TGRW-AERO-CCCFF-DLTZ-and-LUNL-Light-Up-the-Bulletin-Board/s/article/view/p/mid/2/id/43/
