Star Scientific wants retail investors to believe a dire cash crisis has been averted by the generosity of its CEO Johnnie Williams and some long-term shareholders. In reality, the financing announced Friday is just another fleece job. TheStreet.com reports.
NEW YORK-- Shares of Star Scientific fell 6 percent on Tuesday as investors likely viewed a $5 million payout in a patent dispute settlement as smaller than anticipated.
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Stocks had fallen overnight from Tuesday's 10-week high Tuesday — then retraced gains on Wednesday's cautious jobs optimism. But the overall performance of riskier assets demonstrates confidence in a continuous economic expansion. Here are 10 speculative small-cap stocks that made huge gains in July. A report from TheStreet.