"The number of shares of our common stock that will be issued and outstanding immediately after this offering as shown above is based on 24,388,485 shares of common stock issued and outstanding as of March 2, 2015"
Compare this to 22.98M shares as of 3rd qtr 10-Q filing. Looks like they used 1.4M shares of Aspire between November and March.
You obviously underestimate the power of Twitter. It moves stocks. One fellow bought 3% of the entire company when it originally fell. The CDK hype was what popped the stock into the .90s.
Take a look at the recent chart of GENE and tell me how today is any different? Plus, I SAW the pumps on twitter. Pumping CYCC posts to thousands of followers/subscribers. They began to really increase the past 2-3 days.
So are you saying you don't believe in orchestrated pump and dumps? Take a look at the chart of GENE. This is no different.
Amateurs never understand pump and dumps. Of course I want CYCC and all stocks to go up. But this was as clear as day an orchestrated pump and dump. I can bet you that Spiro tapped the remaining ATM today and raised money.
JK, I never saw eye to eye with you when I was a long here, but I agree with you now. I've seen the pumps touting CYCC leading up to today. This is all an orchestrated pump and dump by various outfits, that was magnified by computer algorithms. Anyone who didn't sell above 2, after seeing the stock at 0.50, needs serious help.
LOL you underestimate the power of social media. This is a classic pump and dump, and a GIFT for any of the long term holders in this name. Anyone who didn't sell above 2 is literally insane in my book. I'll check back next week when there is no news. Price is already 60 cents off the day high and is heading back under 1.
Exactly. There are multiple day trading outfits, penny news letter outfits, and twitter day traders with thousands of followers pumping CYCC now. You have been warned.
This move is mostly off Twitter pumping. I use Twitter for investing info and there has been an large amount of Tweets regarding CYCC and the CDK affiliation. Some of these people have well over 1k followers. Can the pump continue? Sure. But I don't think a buyout is in the works.
Maybe not bk, but the death spiral financiers would essentially own the company in the end and whatever prospects for Sapacitabine are left.
I disagree. I've seen some pretty #$%$ biotech deals. The providers of the financing will just get a huge amount of warrants, or convertible shares, or just a massive discount to market price. CYCC will be able to dilute. But no point in debating that, we will see what happens. But agreed on your 3 scenarios. With 2 or 3 being the most likely unfortunately.
Exactly. It's certainly not over for Spiro because he can always tap the equity markets IMO. The pricing discount will just be terrible or it will be death spiral like financing. MDS will continue and current shareholders will get "wiped out" in an extreme amount of dilution.
I would be a lot more "optimistic" on CYCC if it wasn't for their cash position. They are going to have to dilute in 2015 for pennies on the dollar: example 20M shares @ $0.50 brings them only $10M. Shareholders will get essentially wiped out by the inevitable upcoming dilution to fund MDS.
Well I can tell you I don't think I have ever heard of a negative futility followed by a positive trial success, so the odds are very, very low. What is more common in my experience is a positive futility outcome and then a negative final result. Happens all the time. So I don't think 5% is really speculation based on what I know.
All I know is the people who are holding out for hope are going to most likely be disappointed in the end. I've gone through so many failures like this (which made me a wiser biotech investor, I hope) to see the companies either get wiped out or end up trading for fractions of where they use to.
He is not saying there is a 0% chance, he is saying there is a very, very low chance. I agree with him. After a failure of this magnitude I give a ~5% chance of actually meeting 0.725 HR.