They are boosting their cash position, thus it's going to boost their financials coming up in first week of August.. watch them beat earnings by a couple cents per share once they increase their cash position by another ~$5 million, this will drive the stock (even though it's not earnings based) .. I believe the accelerated method of 1,000,000 shares was issued for the past couple days per the 5/8/13 sec filing, and the remaining will be completed within the next couple days.. it is LPC IMO .. tab i think u were the first to start catching on - nice work
getting closer and closer to crunch time, almost time to lay ur chips on the table
I think cabalaa won a $200M Powerball Jackpot a couple years ago. Now he spends his time trading stocks and posting on yahoo message boards. He's dumping shares just to f*** with us!
What do you make of this though?
"LPC is initially purchasing $2,000,000 in shares of Common Stock at $0.605 per share. Thereafter, on any business day and as often as every other business day over the 24-month term of the Purchase Agreement"
Looks about right!
(1) Under the Purchase Agreement, we may not sell shares to Lincoln Park on a day our closing prices is less than the floor price of $0.40.... This will keep on going until they've acquired 25,000,000 shares I reckon based on 49c purchase price. However as indicated in the prospectus:
$0.40 24,643,743 16.14% $ 9,857,497.20
$0.641(3) 24,643,743 16.14% $ 15,796,639.26
$1.00 24,643,743 16.14% $ 24,643,743.00
$2.00 12,500,000 8.89% $ 25,000,000.00
$3.00 8,333,333 6.12% $ 24,999,999.00
adviser - i dont think it'll be the full $25,000,000, but i could see it being about 30% which leaves another day or two of trading
ranger, i think ur spot on with the AEZS analogy... once they file that whatever financing activity has completed, the PPS will run again .. the only way this gets this to a $1 is fov1101 or a early partnership .. which i dont think is going to happen because they wouldnt be raising funds right now .. all IMO
IMHO, no, and this volume is definitely LPC. Based on the volume, this will keep on going for 10 business days till they acquire the limit of 25,000,000. I should've read the filing and waited for a better average price. I think this will be striding between .45-.49 which all depends tomorrow.