You can link to it from the current news.
My take is basically the price action caused a larger drop in shareholder value than the amount raised if you look at the opening price, which only seemed attractive when viewed in comparison to the closing price.
One metric would be 60.74 million shares at 9.84 = 598 million.... those shares at 8.16 equals 496 million so they raised 76 million dollars by dropping the value of existing holders 102 million.
They could have just offered existing shareholders the right to purchase 1 share @ 8.50 for each 5 shares owned and the stock price would not have been hit so hard, they would have raised more money and current shareholders interests would have been honored.
INO was a great buy at 66 cents but after the initial run has been a bad investment. It may be once again but that will be with a buyout or a product approved for market. Taking a position now really only makes sense if a buyout is sooner than later. This company with the 1 for 4 R/S and this kind of toxic dilution has only insured that the shorts were in good hands. As a long I take no pleasure in feeling this.
Funny but if your comments are true... where are the partnership approaches? If this is such a sure thing, then wouldn't the stock be under slow accumulation which has a price characteristic trend that would increase the price...
As investors we do not work in the labs or market the company... we buy shares from existing holders (not the company as those are done in a private placement). The sole goal is to make money... I haven't invested in a stock, saying better hurry and buy high so that I can average down later... I intend to make a return. Initially I did very well and increased (averaged up) my holdings as I liked the interaction, news and communication that came from the company. Attributes that have been missing for quite a while... Its like saying the dinosaurs aren't extinct... they are in a quiet period.
I still have great hopes, but that is what they are. There is no guarantee here, bios have a history of disappointments that crush the prices... so I just have to point out that I take this as a serious consideration... I am tired of the posts that say this is a no brainer or just a matter of time. They are insults to a thinking investor... I have a sizable amount of money in INO as I believe it will pay off. But the stock has performed poorly, the company management is disappointing and the stock has performed poorly (and that's being kind) since the R/S... They have repeatedly rewarded the shorts... not the longs.
As for the banter on the short side... it is clearly repetitive garbage that talks about issues long past... we enter the stock because of the present and future and the short posts stand as an embarrassment billboard. No one needs argue with them, just put them on ignore.
Given the option premiums and liquidity, I have found that its interesting that no one has wanted to discuss... characters like rotoxxx put their pom poms down long enough to prove Mark Twain right and the topics go back to pointless banter .
Good luck longs
I would rather discuss concerns than make believe that they are not there. This should be an interactive forum and bringing shortcomings up allows other holders to comment and bring forward considerations that may have been overlooked.
I have tried to discuss option strategies which have been the saving grace account wise for me. recently the puts I have had delivered have been greatly offset by the calls I have sold allowing me to pick up new INO shares (at a time I had hoped to reduce) at a cost of only $5 and change per share.
waving pom pom's and wishes seems worthless to me. Look at the chart of the last 2 years and tell me that this is been a good way of investing money... without the options I would say its a NOT. They haven't delivered on statements , news or partners. My plan is to remain long but I would like to reduce my holdings to 20K shares... If this goes up to 10 again I will get aggressive. Long term I will hold a low base level of shares as the reasons I originally purchased are still attractive to me... While I started in the 66 cent range I also purchased a large number of shares just prior the 4 for 1 R/S
the low volume at these prices is the only good sign... unfortunately its not as good as one would hope for... be nice to see INO get back over 10.
He alluded to INO a few weeks ago, moved us up to 9 but didn't hold... Really been barren on the news front... we could use something positive
congrats on your foresight... The as year has ben very disappointing and he torture never stops.. The performance has not lived up to the hype from early last year... instead the company has gone silent
no new partner interest
Plenty of dilution
I anything buy in small lots or sell cash covered puts to get in
Seems that there is news trickling out after a long dry spell. The latest media presentation created 7-29-15 outlines updates to the studies is lined up and hopefully the exposure will be continued... Hopefully the upward momentum persists for a while...
I think that you need earnings for the increase to be meaningful. Grants and offerings affect the numbers, but aren't the components that make a beat.... neat.
INO announced a R/S at over 13 dollars (adjusted for split) and its under 8 now. How does the action support your statement?
please provide a link from INO that discloses the offer was made.
As a material event this would be required to be disclosed to investors. You talk like the offer was real... the price action says differently. If this trading action was legitimate then its was done on non-public information.
so you are so dense you don't realize that selling puts is a long position... rude and stupid, if your ugly than you hit the triple crown
They seem to be funded for the short term. They are in the position that everyone hopes for in a biotech, they have entered phase three on a process that most likely would be a candidate for accelerated acceptance by the SEC...
The key will be in the results, I find the DCVax-L studies promising and like that they have DCVax-Prostate in position for a phase III waiting on a partner. While a fundamentalist at heart I see a well formed cup and handle that is at the breakout point...
actually you post far too often and often with content of little value... keep it to fundamentals... we kinda know who the 'shorts' are. The most annoying part is the frequency of their similar posts.
I used to look at your posts but have begun skipping the majority of them.
you are as intelligent as you are about me being a short... I was a shareholder that luckily sold most of my shares at $5 to invest in another issue. On the next significant drop I began bailing on the rest.
The big flaw in your logic is that the investors at all the levels you provide no longer have anything left on the table but losses. Their remaining investment amounts to nothing.
The people invested in MCP common already lost most of what they had to lose. The debt holders will not be wiped out... they will be restructured into the holders of the common stock that is issued to replace the current common shares.
So in answer to the who benefits from BK, the answer is that the company survives and the overbearing obligations are wiped out like the common.
I have described this before cement head. take your meds and open your eyes.
Such valuable advice you have provided the longs here, well at least the shorts have something to like about you... I do not.
hard to believe you still show up... BK doesn't mean the Chinese get the company... It wipes out the current shareholders and debt, and the bondholders become the new shareholders.