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Rockwell Medical, Inc. Message Board

  • steve8251953 steve8251953 Jul 13, 2013 1:10 PM Flag

    weak $$ fundamentals;

    spend 30 seconds on yahoo key stats page-RMTI losing approx $2.7MM/mo and with only $5.7MM in bank I look for a dilutive secondary stock offering in the VERY near future (next 7-14) days due to $2/sh (60%) spike and current micro float. Very common/happens all the time with micro-cap bio-pharma companies with marginal cash reserves/good news/price spike. They HAVE to do this and educated guess will be minimum offering of 2MM shares perhaps as many as 5MM. If not they have ZERO cash in 2-3 months. Pretty simple math. Of course all of this IMHO and FWIW holding no shares long or short just saw on list of biggest gainers and may buy after watching a few days. For all the longs I hope it runs away from me and be good for you.

    Sentiment: Strong Buy

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