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PURE Bioscience, Inc. Message Board

  • johnnywblack45 johnnywblack45 Jan 13, 2013 10:05 PM Flag

    BASHERS better work harder we are going up!

    I hear there is news in the works. Bashers and shorters be ready for a butt kicking...

    Sentiment: Strong Buy

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    • Hope you are right. The only verifiable news I know of is the following:
      Reverse Stock Split
      On August 13, 2012, we filed a Certificate of Amendment to our Certificate of Incorporation with the Secretary of State of the State of Delaware to effect a reverse stock split of our issued and outstanding common stock, $0.01 par value per share, at a ratio of one-for-eight. The reverse stock split was approved by stockholders holding a majority of our outstanding voting power at our annual meeting of stockholders held on July 31, 2012. The reverse stock split became effective as of the close of trading on August 14, 2012 and shares of our common stock commenced trading on a post-reverse split basis as of the opening of trading on August 15, 2012, with each eight (8) issued and outstanding shares of our common stock automatically combined and converted into one (1) issued and outstanding share of our common stock. The reverse stock split affected all issued and outstanding shares of our common stock, as well as common stock underlying stock options, warrants, and convertible notes outstanding immediately prior to the effectiveness of the reverse stock split and the number of shares reserved for issuance under our equity incentive plan, but did not affect the number of authorized shares of our common stock. As a result of the reverse stock split, the number of outstanding shares of our common stock was reduced from approximately 57.8 million immediately prior to the effectiveness of the reverse stock split to approximately 7.2 million immediately thereafter.

      Underwritten Public Offering
      On September 17, 2012, we closed an underwritten public offering of an aggregate of 4,341,615 shares of our common stock, including shares issued pursuant to the exercise of the underwriter's overallotment option, at a price to the public of $1.10 per share. The offering was made pursuant to our registration statement on Form S-3 (Registration No. 333-182475), which became effective on July 31, 2012, and a preliminary and final prospectus supplement filed with the Securities and Exchange Commission, or SEC, on September 4, 2012 and September 13, 2012, respectively. The shares were sold pursuant to an underwriting agreement between us and Aegis Capital Corp. The gross proceeds from the offering were approximately $4,776,000 and, after deducting $549,000 therefrom for transaction costs, including discounts, commissions, and other offering expenses, such as legal and accounting fees, the net proceeds to us from the offering were approximately $4,227,000

    • You're a whole lot late to the party blackjohn. We been hearing that news for more than a decade ! We're still waiting for the first [and only] time it has been true.

      Do your butt licking if you're so inclined. Seems that's all they been serving for that decade. It certainly hasn't been anything related to credible and verifiable profitable sales or anything else meaningful to shareholders.

      Post a credible, verifiable, and meaningful link to what you're referring to, unless you're as full of shyyyyyt as El Presidente has been for the past 10 years.

1.00+0.0100(+1.01%)Aug 26 3:23 PMEDT