Hidden dilution - the danger of chasing those junkie you don't have a clue about
Read this latest filing to the SEC:
"This Prospectus Supplement No. 4 supplements and amends the prospectus dated April 23, 2010 (the “Prospectus”), as supplemented and amended by that certain Prospectus Supplement No. 1 dated October 26, 2010, that certain Prospectus Supplement No. 2 dated March 15, 2011 and that certain Prospectus Supplement No. 3 dated December 1, 2011 (together the “Supplements”), that forms a part of our Registration Statement on Form S-3 (Registration No. 333-162582), relating to the offer and sale of up to 15,403,324 shares of our common stock, which includes up to 7,296,312 shares of our common stock issuable upon the exercise of warrants, by the selling stockholders listed on page 6 of the Prospectus, as amended by the Supplements, including their donees, pledgees, transferees or other successors-in-interest. We will not receive any proceeds from any resale of the shares of common stock being offered by the Prospectus, the Supplements and this prospectus supplement. We will, however, receive the net proceeds of any warrants exercised for cash. "
"We are filing this prospectus supplement to reflect the transfer (1) by PW Eucalyptus Fund Ltd. of a warrant and the 2,159.988 shares of common stock registered for such entity that are issuable upon exercise of such warrant, pursuant to the Prospectus, effective March 5, 2012, to OTA LLC in the amounts set forth below, and (2) by BB Alpha Health of two warrants and the 7,758.558 and 3,499.981 shares of common stock registered for such entity that are issuable upon exercise of each warrant, respectively, pursuant to the Prospectus, effective January 7, 2013, to Bellevue Asset Management AG, each in the amounts set forth below. This prospectus supplement does not impact any other selling stockholders set forth in the table appearing under the caption “Selling Stockholders” on page 6 of the Prospectus," .......
For future record, this is ALXA I was talking about. It had a 10:1 reverse split on Jun 13, 2012.
I'm assuming the warrants were also effected such a split. As a result, the share outstanding as of today, as they're selling the news shares issued for the warrants, or shorting syndicated number shares to cover the warrants exercise at some later time, with a lower price. Who knows?
Just do the exact opposite of those posters pumping the stock blindly. Let's where the stock settle first.
I mean, this POS has issued more warrants over the years than any of the newbies on this board could ever fathom.
Let's just hope this junkie company wouldn't issue more after this news today, which typically cause them to rejoice and more new shares are coming into the market. No matter how much money they have, it will never be enough for those little companies.