Millions dollars questions!!.
No interest in this stock right now..apparently!. NBI crash doesn't help, but maybe we are near at a relative bottom of the index. Many micro/small biocaps are trading below cash and for sure many will rebound very strong, the problem is the selection in this carnage:-)...have you bought in again cnlg ? I like also OGXI, WGBS too!! gl
I think that right now it's trading at 0,03 after last 1 for 8 RS applied on April 8 2015!.
Then they diluted and diluted...last shares to be sold were at .40c!.
They continue to burn money, they need money to survive and at next ShHolders meeting in April they will decide for another 1 for 10/20 RS to avoid delisting...wow i think long term investor are excited;-).
I guess what will be next financing round.....20cents?? and how many gazillions shares they have to sell?.
It was a good investment for shorters for sure:-).....do you know who are the shorters right?..read last filings and maybe you will understand how the game is played in this fantastic bio-scam-world!!;.)
below 20c very soon!!
It's curious that F.V. sold almost all OPXA and bought CERE...they incremented at 9.9%.....i don't understand why someone have to buy that stock running out of money and printing shares.....maybe they know more than us;-)....ummm, interesting
New Sec filing FYI. It seems that Frigate Venture needed some bucks...well they sold almost all the shares they held....but who bought these shares?Sometime some fund sell and other buy, but this time i think that they sold to little fishes, the so called bagholders!..ummmm they don't believe in the stock!!. Only 5% of institutions hold this one......gl
NBI index crash has created good opportunities to buy undervalued stocks...one is OGXI.....an interesting pipeline with results coming this year and cash. I think that i will begin to open a long position today.
NBI is bottoming and we can see a recover in the share price....low float stocks like this one recover fastly and furiously!!.
gl to all here
"Investors" in the last financing......the same game over and over, nothing new.....and when you see buy coverage run away from a stock!! they use this kind of news to short more and manipulate the price......they need buyers to open short positions:-). Anyway NBI index is next to a rebound in my opinion and maybe wgbs share price will be affected. Hard times for this sector!!. GL
Yes it's true, but we also have the bear market in biotech sector...NBI is going down every week. Usually in this environment "good news" are ignored while bad news are "inflated". I think that at the first rebound of the index many micro/small biostocks will jump higher. NBI index seems to be at the bottom right now...indicators are oversold..let's see what happen!.
Here we are!!!....ummmm. It seems that short interest is up..maybe the "investor" at $1 have still to cover??....maybe i will buy some today.
Well the stock is trading almost around cash....if i'm not wrong ROSG has $ .75c x share.
The overall market, NBI index and last dilution had an impact on the price....it is stupid to call bottoms in this micro cap because they are manipulated up/down with some bucks, but i would say that around next support some bottom fisher should think to buy some for a quick profit...next support is around .70c .a stronger one is at .63c. Today's action isn't convincing for a strong rebound. GL to all
well my math suggest .90c /share in cash....around 13,8 Mil shares out and $12,5 M in cash?...anyway the market is punishing micro/mid cap like NURO....i think lower prices coming here, maybe i will buy some around 1 buck:-).
Hey take a look also at OPXA,SGNL,MEIP....all trading below cash!!
This stock is another vehicle to rob money from peones.....same game over and over going on; they need money folks and this money is your money because this is a sum zero game!! ..Pump, short,dilution, reverse split. more short, and go on...now the stock is t .40 pre-split right?..but the probem is that they need money!! They have only $ 5.8 M more or less right now if they burned the same as last Q ( Sept.30 they had $ 9.1 Mil)...it means that with 13,800,000 M shares out, they have .42/43 c for share after RS of course??...This stock will go again below 1 and the RS game will start again.....this is a paradise for Hedgies!!!. Short term is a sell....next Q's numbers will say the true! Gl to all
This kind of scam-stocks are the paradise for hedgies.....they burn money, so they need money to survive and where this money comes from?Guess..
Right now they have more or less $13.5 M including last financing...they burned $4.2 M last Q......next Q they will burn the same right?...March they will have around $9 M....another financing?? I guess where the SP will be!!...50/60c?( but many will tell you that it's trading below cash) ...then another bs new to pump the price while bb short the stock to hedge their "investment" and wating to cover when financing news will be public...and an RS will be the only way to remain in this fantastic market designed to steal money from peones...this is the sad reality!. GL
Last cash position in the Balance was around $9 Mil.....if they have burned another $3mil it means that at the end of December they had $6 Mil more $7.5 Mil net proceeds from financing ( before deducting banker fees and transaction costs) and we have $13.5 Mil in cash....how many shares out?..around 8,850,000(?), it means $1.52 per share ( the stock is trading just around this level ), but i can be wrong. Gl to all
I don't think this is due to tax loss selling...i think that is due to financing game. On long term numbers will tell the true and if they turn the corner of course the share price will adjust itself and next Q will be interesting!!...on short term it is all hedgie speculation/manipulation...many biostocks are trading below cash lately and going down with low volume....for what is worth here the chart is terrible right now and suggest lower prices coming; no position here i'm doing my dd right now;-). gl to all
Always the same game.....let's see if they print high fifties in next days...maybe i will buy some there.
Most of bio-micro-caps are selling out last days....it will be a good opportunity to buy aveo below 1 !!...the stock is in bearish mode, so no hurry to buy in!!.
Meanwhile sgnl is turning...do your DD folks.
This level isn't coherent with cash/fundamentals of the Co.....takeover can happen anytime
Buy and turn-off the pc ;-).
gl to all
Agree!....accumulation going on here, maybe they are cooking something!!..open in area 5 and go!;-)...a kbio move would be perfect before Christmas;-).