Probably would have need to be at .37 bid for you to get a .385 buy. You might still get lucky. All it takes is one big seller taking a tax loss.
I wish this company was a little more generous with press releases. The 1/4ly report for the current 1/4 won't come out until about March 20 (last year's Q4 release date).
Well..kel, I don't know what to think about this one. I fully expected a 20% bump to sustain post-NY announcement. The revenues will clearly increase and more relationships with insurers like BC BS will surely develop, especially given the success thus far. The stock is being punished for Medicare Coding--which is no fault of the company's and for dead people whose estates or families refuse to pay the $4500 bill.
If the delinquent accounts had paid, this stock would be @$1.00 right now.
Could do an R/S in the 1-6 area to get the price over $2.00. I don't think any dilution would be "huge." No need to raise more than about $3.0 million, which would dictate 6-8 million shares, dilution of less than 25%. Bad enough at that level. Or could go the ATM route (as many small companies do) and sell shares in small amounts, only as needed.
Oh yes! The buying will happen! That is, by a huge secondary offering and vis a vis part of a R/S, They have little to no choice UNLESS buyout. Or let it go to the pink sheets!!! Whoppee!
That is exactly what will happen. There is no alternative, except buyout! You tell me how are they going to stay on the exchange without doing that is, of course, unless they are willing to go to the Pink sheets. Again, they have these to options to remain above a dollar. Yes, it will be accompanied by a huge offering.
regardless, it looks like us shareholders ate it on this one.
They might reverse split then do a huge equity offering
And what will that accomplish? They need about $500,000 in equity. R/S will get the share price up, but destroy the small amount of liquidity these shares have. Already a thin market. Can you imagine if it was trading a few thousand shares a day? The bid / ask spread would be huge.
Just my opinion..........Kel
Market maker must have been snoozing at the close. Forgot to take it back down and close it below .40 with a 100 share trade at the bell.
Dump them all. You waited this long to take your loss.....you deserve the rotten price you're getting now. Why sell.....you should be doubling up. The tide has turned for RGDX. Revenues picking up, margins expanding, and you're selling @ 37 cents.......FOOLS!!!
Anyone else manage to get in today @ .40 or less? Tightest spread I've seen on this stock. I thought they'd raise the ask as soon as I put my order in, but I got another 2000. Now up to 10,000 shares, average cost about 76 cents. When the tax loss sellers run out of gas, this stock could fly. Might have to wait for the New Year though.