NetSuite Inc. Message Board
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Any day now, GTx will announce a stock issuance to raise cash...my guess....
by jimmmeycrackcorn •6 hours agoover 4% drop today...maybe you should read what I have to say...don't ignore me.
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And if such issuance was done with the market price around $7, you can expect the stock to drop about 20% that day or $1.40 to close about $5.60/share. Ladies and gentlemen, been there, done that. UNLESS, of course, an agreement comes through giving GTx money for rights. But, giving the cash at about $32M as of today, such agreements are unlikely because GTx is in no position to bargain. Of course, all this is based on the continued success of clinical trials.
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Your reply about directors buying shares have nothing to do with the Topic about dilution. GTx has about $32M as of today. $42M as of March 31, 1st Q. Gtx burns about $10M per quarter. At the present rate of burn, GTx will have $0 cash by the end of the 1st q 2014. With $32m left, you don't wait until the cash completely runs out before you have to raise more. So the topic was better to dilute at $7 than $2. Usually, a dilution takes the stock down about 20%. Stock is usually discounted at least 15% to the market with new shares going out.
You can be sure that GTx will dilute, again. And if such dilution was done when the stock was $7, the next trading day will see this stock at about $5.50/share. And this could be any day now. What does this have to do with the directors buying shares? But some did sell, go look again. - Reply to
Don't tell me you dont smell that! It's the cash burn and it's hot - like a lesbian in heat!
by jimmmeycrackcorn •11 hours agoDilution by whom?
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Don't tell me you dont smell that! It's the cash burn and it's hot - like a lesbian in heat!
by jimmmeycrackcorn •11 hours agoAny partners would take advantage of GTx little cash. GTx in no position to call the shots. With a $10M q burn, now at about $32M today will be broke by the 1st q of 2014.
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May 3, 2013 6:31a GTx Cash and Short-Term Investments $42.2M at March 31 will be broke in the next 3 quarters. The time is at hand.
This tells me a dilution is at hand. The positive for GTX is that the stock has moved up from the low $5 for over a month and less dilution needed to raise the same cash. The negative for you is that the stock will slide down $1 to $1.50 on this.
This is why I sold the covered calls for august. -
Someone should inform them it's better to dilute at $7 than $2...GTX is running on fumes...
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as soon as approvals start rolling in
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Jimmieeee on crack, does that mean you are gone from here?
by gjcarlson •Jun 13, 2013 4:14 PM'Doubt thou the stars are fire;
Doubt that the sun doth move;
Doubt truth to be a liar;
But never doubt I love. -
Investing in GTX is like waiting for pie in the sky. The GTX investors will die first before this stock delivers any shareholder value.
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but the vol I have to say is something of a positive
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historically, hasn't that alwys been the case - one disappointment after the other?
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Simply put, someone at the FDA doesnt like someone at GTX. Maybe they were rubed the wrong way - who knows. GTX has never had any luck in years and I dont think it's going to change. GTX is just bad luck, it never pays off!
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Fact: GTX has had set backs one right after the other. What's make everybody so sure that another one wont come? Personally, I feel there's another one just around the corner.
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the citi analyst is on crack for last 2 years now.
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all coming out of the closet this morning
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✈✈ GTXI to fly ✈✈
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