XML 36 R15.htm IDEA: XBRL DOCUMENT v2.4.0.6
(11) SUBSEQUENT EVENTS
6 Months Ended
Jun. 30, 2012
SUBSEQUENT EVENTS  
(11) SUBSEQUENT EVENTS

 

(11) SUBSEQUENT EVENTS

On July 25, 2012, the Company entered into a securities purchase agreement with certain purchasers, pursuant to which the Company agreed to sell 102,000,000 shares of its common stock for an aggregate price of approximately $53.6 million, at a purchase price of $0.525 per share of common stock (2012 Private Placement). The 2012 Private Placement closed on July 30, 2012. The proceeds to the Company from the offering, net of selling commissions, were approximately $50.7 million.