Hear its a flipper from dec deal. Many held but one is selling that what happens when you issue warrants they sell the stock hold the warrants
i hope he is locked out any future. Financing . Company needs to be more proactive on the news front as after the bell. They seem to only release news on cc but sign accounts during quarter
Grillo has proven himself to be an investing account disaster and yet on every CC you'd think the guy and his "accomplishments" were revered throughout Wall Street. This bozo needs to walk the plank post haste.
ok last comment because i have to answer that ridiculous comment the analysts knowing some the largest shareholders who are worried about dilution i can assure you it wont be close to that as that was the first thing i asked him
you are not the only one that does not want dilution there are guys with many more shares that are voicing their opinion you have a right to be unhappy but lets keep things in the world of reality
Yes, they announced the debt conversion with Brainlab 2 months (and they are already underwater). The company may not "need" 15MM but if someone could raise them that amount, you better bet they would take it in a heartbeat. Take a look at some of the secondaries that Roth has done and how far in the hole they get priced......that will give you an idea of how big of a haircut we will take.
this is the last time i write as i dont not want to debate but just get facts out
i was gifted warrants so i follow name. i get reports from a boutique research firm that
prepares them for some of the largest holders in name. one thing i would point out is they have made alot of progress on their debt. only around 8 million and close to half with a major shareholder who who not be opposed to covert into stock at some point. so i have to give them credit in reducing debt load and increasing their financing options i now people hate financing but if this is the last one
its better to get it over so management can focus on business in licensing deals which bring in upfront cash
I have never written on this site but need to correct something when it is wrong
knowing an analyst that closely follows the stock for years. Mric need less than 6 million to break even late next year. the 15 million is just a maximum similar to last round where they raised only 5 million. I am not a wall street guy and do not know if its a buy or sell but get the correct info please
And there you have it folks.... 1-15 to 1-40 reverse split and 50%-60% dilution. Can't say I'm all that surprised though. But sure enough i bet there are going to be the eternal optimists that are going to say uplisting is a good thing. I would disagree, this company has to get its "stuff" together before uplisting. The fees and listing requirements are too much for a company of this size. This has been one of the least "shareholder friendly" management teams that I've been involved with. The stock is now down 75+% since Grillo took the helm. How has he created shareholder value????
Nothing specific today, looks like someone getting frustrated and getting out of a positon. It's more of the same with MRIC, no communications and the constant overhang of dilution. There will have to be yet another raise within the next 3 months.