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Atossa Genetics, Inc. Message Board

  • rrtzrealmd rrtzrealmd Nov 18, 2013 7:21 PM Flag

    Fell over laughing at...

    ...the last three S1 filings:

    November -- "This prospectus covers the sale of an aggregate of 4,200,000 shares of our common stock, $0.001 par value per share (the “Common Stock”), by Aspire Capital Fund...We will not receive proceeds from the sale of the shares by the Selling Stockholder."

    April -- "This prospectus covers the sale of an aggregate of 2,833,519 shares of our common stock, $0.001 par value per share (the “ Common Stock ”), by Aspire Capital Fund, LLC...We will not receive proceeds from the sale of the shares by the Selling Stockholder.

    January -- "This prospectus covers the sale of an aggregate of 8,021,340 shares (the “Shares”) of our Common Stock, $0.001 par value per share (the “Common Stock”), 7,158,840 of which are issuable upon the exercise of warrants (the “Warrants”) at exercise prices ranging from $1.25 to $5.00, by the selling stockholders...The Company will not receive any proceeds from the sale by the Selling Stockholders of the Shares."

    ...so, now, let me get this straight...ATOS "sold" fifteen MILLION shares of stock PLUS seven MILLION warrants but didn't get one thin DIME from the sales?...gee, and here I thought they sold stock to RAISE money for the company...

    ...and the wheels on the biotech bus go round and round...round and round...HAW!!!...

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    • sad to say that you did understand nothing. ATOS has an agreement with Aspire to buy shares at a predefined near market value anytime on request of ATOS. And of course ATOS gets the full amount derived from each such transaction. Subsequently and according to the ATOS-Aspire contract, Aspire will sell - on its own decision - those shares. Those sell transaction of Aspire of course do not result in any proceeds for ATOS. Thats all old stuff.

      Please fell over laughing about yourself and without anger.

      hofno

      Sentiment: Strong Buy

 
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