if i had gotten shares at 8 cents and was able so sell them at 4.00 i think you have to be a moron not to.. so i see the stock pulling back in the next week week... my guess is back to a 2 handel .. i'll set a buy order high 2's ..... ..i think the technology is amazing stuff and if onvo brings it to reality some people are gonna get rich hopefully i'm one of them ... .. so i'll buy more on weakness .. and alot more if it realy heads south .. just dont see how it cant sell off with warrents hitting the market
I exercised my .80 wts a few weeks ago and am holding for now. I almost sold at ONVO approached $6 but was concerned with having a very large short term capital gain (38%) plus the new 3.8% surtax on the gain versus waiting another month to have held 12 months to get the benefit of the long-term capital gain rate. Oh well, I took the chance ONVO would drop as I figured it would. I am hoping it stablizes in the low $4s, otherwise it was dumb of me not to sell at higher prices when I had the chance. As for the remaining warrants, the will be automatically called and exercised by the company at $1.00/wt soon and the holders of such wts probably will keep the common shares they will receive. This will provide ONVO more funds which is very beneficial so they will not need to do a secondary offering anytime soon - probably not for another year or so.