@while do you know how to read? Are you an insider who knows something about no catalyst? They do not HAVE to dilute all at once.
@amzing---are you dense, buddy? They ARE going to dilute. Right here. They MUST. What don't you get about the fact they are running out of cash? They can't wait a year for the stock to be higher. And there is absolutely NO catalysts in the near future, to get the stock at some mythical higher price you suggest, from which to dilute. Now, I still say they may do a 1 for 8 reverse split. But, I'm not sure they have to. From the time they filed the SEC forms indicating dilution was coming, this stock has lost 50%. So I am hoping it is baked in already. Let's issue and get it over with.
My point is that raising cash when stock is .5 SUCKS. Either they can not get the ca$h which - I do not believe to be true- OR believe the stock is going to go up at which time they will raise the cash.
Am I the only one who notices that the first sale of each and every day is a Sell order for 4000 shares?
One would think this guy would at least vary his sale size to not be quite so obvious.
They will raise. It's not a matter of "if" but "when". They have no choice. They are out on money in 4 months. I've said it before.....great technology, not so good of an investment right now. I've been in this far too long to know.
Why because they have an s-3 filed? Yes that has been out for months. With shares at 50 cents, if management was concerned of shares headed lower management would have sold shares already and raised the money. They have not done that which i view as positive. We had 30% growth last quarter and with the new sales focus on repeat surgeries don't be surprised.
You're aware that they are in the middle of trying to raise money right now, right? 30% QoQ rev growth would be a pipe dream. Believe you me, I'd love to see it...... but their revs are up 17% YoY,, not exactly hitting the ball out of the park!
I agree but its not a good look for our shares to be trading in the pennies- these are hospitals that require service and do not want to buy from a fly by night penny stock organization.
I am actually encouraged by management not diluting now- that tells me they are confident in their strategy. Each day that goes by gives me more confidence. If they can grow quarter over quarter @ 30% for the next 2 quarters as a shareholder I wouldnt be opposed to fully capitalizing the company and reverse splitting the stock. 1:2.
Yup, there is no way they are gonna be able to do anywhere near $50MM though. My guess would be 20MM shares @ $.50 with 20 MM warrants in the $.60- $.65 range. That has been the problem all along. Plus they have another 20MM warrants @ $.90 hanging out there. So unless something miraculous happens, I think we are probably under $.90 for a while, just too much stock to digest. I wish I were wrong, but jus try to call it how I see it
Grady is saying just that. They filed for approval to issue up to $50MM this summer... with a mkt cap at the time of $100MM, it would appear yes that the total potential for dilution is now priced into the stock.
so @grady, are you saying this upcoming dilution has been known and is already factored into the stock price?
Cash has always been the issue. They will not do a reverse split, no need to. They will, however, issue more stock and warrants. That has been known since they filed an S-3 in mid August. That's is why the stock can't get out of it's own way
They have 1.8M in cash. They burn 1.5M or more in a Quarter. Which means they need cash or they go BK. So, how do you get cash when your stock is at .58? Well, only a couple of ways I am aware of. 1)Find a private investor, give him/her a % stake in the company, for a bunch of cash. 2)I guess they could do a reverse split of the stock. Say a 1 for 8. That would put 1 share over $4(which was previously 8 shares equaled $4). THEN, they will dilute us to high heaven. The stock will go down to $2. Equivalent of .29 on our old share basis. Please, Grillo needs to find a way without absolutely destroying the shareholders who have already been throat punched.
Somebody is spending a lot of money trading this stock. please keep it up. Down 5 pts in the morning and up 5pts at the close. You're making me money.
Sentiment: Strong Buy
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