Markets are somewhat under pressure again, which further adds to the short-term complexity of the market landscape. All of the major averages are struggling a bit on the day so far, but at least the NASDAQ is doing its part to hang in there, modestly up on the day right now. The good news is small caps are hanging in there though, while a lot of the bigger issues continue to run into selling pressure. I guess that's to be expected since large and mega caps have been the preference among the professional community for quite some time. But, like we always say there's always strength developing somewhere. The daily chart of the Russell 2000, which tracks the entire small cap space for the most part, has been holding its own lately. Sure, the range has been fairly wide, but it's still better than the lower lows on some of the major indexes over the last several days. This should end up being a good thing for small caps once stocks in general can find their bullish footing again. As for our featured stocks, we got some good news from one, and some interesting news from another - something that could actually end up being a good thing for the company over the next several months. First, as a follow up to a recent PR from Renewable Energy and Power, Inc. (OTCBB: RBNW) a few weeks back, the company announced this morning that after completing their evaluation, a large San Francisco Bay Area electronic assembly corporation has approved the installation of 1,275 LED lights for their entire main campus. "We're pleased to have this contract approved for the entire campus, assisting this corporation with improving their entire lighting system while dramatically lowering their costs," said CEO Donald MacIntyre. "To create these beneficial situations is a major reason Renewable Energy and Power originally entered this field. Our corporation, our customers and the entire world gain by making lighting so much more efficient with lowered power requirements. Renewable Energy and Power looks forward to bringing such benefits to others through solar and wind energy as well as LED lighting." The future for LED and energy efficiency is clearly here to stay, and it's rare we find companies in the penny stock world that are actually driving revenue growth within their respective industries. Most penny stocks are speculative in nature, which is why they're penny stocks, but we've seen some nice fundamental developments with RBNW lately, so assuming that continues we could see the stock wake up sooner rather than later, because in the end fundamentals always win. Egalet Corporation (NASDAQ: EGLT), on the other hand, got beat up pretty good this morning, but it may actually end up being a good thing for investors who are finally willing to speculate on the company now. Just this morning, the developer, manufacturer and marketer of innovative treatments for pain and other conditions announced the pricing of its underwritten public offering of 16,666,667 shares of its common stock and accompanying warrants to purchase up to 16,666,667 shares, at a combined public offering price of $1.80 per share and accompanying warrant. Each warrant will have an exercise price of $2.70 and will expire five years from the date of issuance. The Company has granted the underwriters a 30-day option to purchase up to an additional 2,500,000 shares of common stock and additional warrants to purchase 2,500,000 shares of its common stock. The gross proceeds to Egalet from this offering are expected to be approximately $30.0 million, before deducting the underwriting discounts and commissions and other estimated offering expenses payable by Egalet, assuming no exercise of the underwriter's option to purchase additional securities and none of the warrants issued in this offering are exercised. The offering is expected to close on or about on July 11, 2017, subject to the satisfaction of customary closing conditions. All of the securities in the offering are to be sold by Egalet. You can read the entire press release here: https://finance.yahoo.com/news/egalet-announces-pricing-public-offering-132400798.html, but that's the gist of it, because when you read between the lines and you see the stock is currently trading around $1.60, there's a potential window of profit to potentially pull from the stock anywhere between roughly $1.80 and that $2.70 warrant price. Why? Basically, you're being given the opportunity to get into the stock at below the announced offering this morning. Doesn't seem bad to me. The company has about a $40 million dollar market cap, but has also produced over $19 million in revenue over the last year now. Although the company is expected to lose money in the foreseeable future, it is still 57% insider owned - and that's never a bad thing. Do your diligence on the idea, but a $1.60 for a stock trading around two times sales seems pretty good to me.