It's not me man. We're just small potatoes. The larger investors holding MRNA are bailing. I told you this company and stock is a joke and quite possibly, a scam!!!! Time will tell with that soon enough!!!!
"Nice size bid" quickly disappeared with sellers hungry to exit out of MRNA. For every one buyer you have two sellers. Not good for current MRNA bag holders!!!!!!
I was gonna say the same thing. Either I need to get my eyes checked or there is an outstanding bid for 100,000 shares at 0.682. Dirk?
No doubt you are right farmerj. Right now they are trying to stay afloat and buy another 6 months or so before the cash runs out in April. Then hopefully the Studies will yield some milestone payments. Anyone who has been watching can see mrna won't move unless it survives to see the nsdq. $ is key. Everyone has always believed in the ip and science, but unless there is cash coming in...well it's not pretty. I am with you that we shareholders don't need another kick in the teeth. Anyone who had 10K shares before the 10 to 1 reverse splits now has 1k, if we get hit with another 10 to 1 reverse that same shareholder would only have 100 shares. Right now this is not a pretty sight nor a pleasant experience. Reality is simply reality. The SEC rules are the law as to fiduciary duties to shareholders and hopefully we won't have another breach like before the cessation of day to day activities.
" should I laugh or cry" You will probably be doing a little bit of both. You wont sell when MRNA is up 30% and take profits because, you will say that it's going higher causing you to laugh with joy only to watch MRNA drop back down to your original purchase price and below causing you to cry!!!. It goes something like that!!!!!!!
Another anemic volume day - this pps action is bizarre since T-Day week. Lot's of quite accumulation - not so much today.
Anybody other than me enjoying the nice NFLX pop today?
I've had a nibble buy limit @ $.74 since around 2:00 - so far no fill. That's a good sign to my demented mind. Anybody else considering adding?
On February 15, 2011, Marina Biotech, Inc. (NASDAQ: MRNA) ("Marina" or the "Company") closed a $5.1 million public offering of 6,375,000 units at a price of $0.80 per unit. Each unit consists of one share of common stock and 0.1746 of a warrant to purchase one share of common stock at an exercise price of $0.80 per full share. ROTH Capital Partners, LLC acted as the Sole Book-Running Manager in the offering.
Somethings definitely up in the next 30 days. This from prnews website.
Definitely a capital raise of some type. Those are some heavyweight names backing
this company. I don't mind dilution if it's tied to a big pile of money that revalues MRNA upwards.
MARINA BIOTECH, INC. S-1
Roth Capital Partners, LLC Ladenburg Thalmann & Co. Inc.