Less than 12 hours later, Zanett said in a regulatory filing it will issue a convertible note in principal amount of $7.13 million in exchange for a $5.32 million promissory note and $3 million line of credit. The new convertible note bears a rate of 7.95% and matures in March 2015 with an initial conversion price of $2.08 per share. Compare that with Zanett's closing price Tuesday of $3.27. Needless to say, Zanett investors weren't happy that news of dilution came so quickly after the very bullish PR Tuesday morning. This should have came as little surprise to those who have followed Zanett in the past, though. Zanett made headlines on March 3 when it acknowledged it would receive a second delisting notice from the Nasdaq after it failed to meet the exchange's minimum bid price requirement before a March 15 deadline. At the time, shares hovered around 30 cents a piece. One day later, Zanett announced the closing of over $12 million in new business during the first two months of 2010, and shares rallied to more than $3 in subsequent sessions. The rapid ascent in share price left investors to wonder why Zanett had not included the contract news with the Nasdaq delisting warning, much like the way investors now are wondering why Zanett wouldn't include the financing news at the same time it announced the $17.1 million in new business. The lesson here is simple: If Zanett issues a press release, investors may be better off waiting until the company spits out all the words before they take a position in the stock. Star Scientific ( CIGX) shares were all over the charts this week, falling as low as $2.42 and trading as high as $3.69. Trading volume was heaviest on Wednesday after Star Scientific announced a collaboration with Roskamp Institute on Beta-amyloid discovery to treat Alzheimer's disease. According to the company, preliminary tests showed that when a compound developed by Star Scientific is applied to cells, B-amyloid is reduced. The stock immediately shot higher but quickly retreated after traders began to parse the news release.