Look, MORON, do YOU know what the lectin pathway involves? Obviously NOT! Until you figure THAT out, best keep your mouth SHUT the better to hid your IGNORANCE with! HAW!!!
Wow!!! Dumb and DUMBER in ONE person! "Interest only until 2018" simply means that the company won't be able to AFFORD to pay principal until AT LEAST then!
And "OMS721" revenues? Getting a LITTLE ahead of yourself, there, bud, since it hasn't even been APPROVED yet! Not to mention that EVEN IF it is approved, it will have to go head to head with soliris which has become the STANDARD in the short time it's been on the market, so you BETTER hope the results are a LOT better! HAW!!!!!
You mean the loan that is interest only until 2018? The loan they'll be able to pay off in about 15 days of OMS721 sales?
"On May 16, 2016, Omeros Corporation...with Oxford Finance LLC...and East West Bank...which amended the Loan and Security Agreement, dated as of December 30, 2015...(1) the Lenders agreed to fund the remaining $20.0 million contemplated by the Loan Agreement, consisting of two $10.0 million tranches (collectively, the “Additional Loans”) without requiring Omeros to satisfy the net product revenue requirements in the Loan Agreement, and (2) the final payment fee rate applicable to the Additional Loans was increased from 5.25% to 6.25% ...
Interest on the Additional Loans accrues at an annual fixed rate of 9.25%. Payments on the Additional Loans are interest only...July 1, 2017. Beginning August 1, 2017, Omeros will be obligated to make 30 monthly payments of principal and interest. All unpaid principal and accrued and unpaid interest will be due and payable on January 1, 2020...
In connection with the funding of the Additional Loans, Omeros issued to the Lenders warrants to purchase an aggregate of 100,602 shares of Omeros common stock...The Warrants are exercisable for seven years at an exercise price per share of $9.94."
Yeahhhhhh...missing those "revenue requirements" put a little monkey wrench in the old funding plan, huh! No worry! We'll just bump the fee to 6.25%, charge you 9.25%, and demand 100,000 warrants exercisable at $9.94 to overlook that revenue "discrepancy"!
Net result: lenders continue to get rich, GOMER management continue to get rich, and BAGHOLDERS bend over and get a rectal cavity enlargement courtesy of a large Greek johnson! HAW, HAW, HAW!!!!
HAW!!! You IDIOT! Did you even READ the 8-K? OMER had to GIVE them the 100,000 warrants exercisable at $9.84 in order to get a loan with 9.25% interest rate! And on TOP of all that, GOMER has to pay a FEE of 6.25% to even GET the loans!!!! I wouldn't be surprised Demipoopalouse didn't get down and give him BJs to boot! HAW!!!
...like back when I said:
"Reply to Frags*ap seems nervous by longlonglong26 •Mar 3, 2016 11:08 PM
fragslap • Mar 4, 2016 9:41 PM
NOPE! But let's wait until March 8 to find out if I SHOULD be, shall we! I'm inclined to think I won't be disappointed! But who knows? Hey! Jesus walked on water, so why can't a GOMER? HAW!!!"
Gosh! Looks like GOMER couldn't walk, couldn't even SWIM! HAW!!! Whens the NEXT secondary scheduled?
For the record what they want is to get it low enough that margin requirements go up and they can force a long squeeze and cause a huge dump and completely destroy the price, then force a sale. There are numbers that none of us know where it will be defended. It seemed that after we found a retail bottom back at 9.51 that 10.7 was defended in such a way that it couldn't be overwhelmed and the short position was just burning shares and losing ammo. Then they coverd to 11.8 and tried again with that big short on Monday.
They operate from many different shops. The trades from the price destroying algorithm from 16 happened on NSDQ. That was the big boy who was buying low and selling lower just to put their short position in a more comfortable position. There is a point where their numbers no longer work for the math on how much they are losing (even with somebody else paying them to do it)
This is a very interesting analysis, but why do you think they were nonexistent? If the short position has something to do with another company's fear of competition, why wouldn't they continue their bidwhacking, that has been quite successful to date? Why take the day off yesterday? Why not continue to reshort all the way back to support levels?
The actual most interesting part of the price action today is that our usual dominant exchange/ECN basically dried up entirely. Until the algo kicked in at 16 that bidwacked the price down about 50-60% of the daily volume went through EDGX and EDGA. They were basically nonexistant today. All the other usual suspects seemed to remain at their normal activity level, NSDQ, BATS, BATY, ARCX, PHLX, BOSX... But EDGX/EDGA was noticeably rare. Relatedly, our volume until about 2 minutes before close was 140K. Monday's short sales were 70000 by themselves.
somebody shorted like 50,000 shares all at once and ran a bunch of peoples stops (morons) then immediately covered half the short as the price stabilized from the low liquidity at the market selling.
Agreed. Based on the trading action, the most likely scenario is settling up of options (unless news is forthcoming). News is unlikely, so my bet is on options. GLTA
It is simply unwinding of options expiration from Friday. Stocks that are heavily shorted tend to get whacked the following Monday. I am not worried and plan on adding mid-week.