Will they sell shares constantly now? They only got $100K. Are they that poor? When they sell shares, it effectively adds to the float, since those shares are not locked up in safe hands anymore.
I was so happy when I thought it was a big block of arrow shares that were sold. What a big letdown.
Seeking Alpha article says submitted in December 2014, with a reply expected in 2H 2015.
Sounds obvious to me. " IntelGenx is entitled to a one-time milestone payment of $3 million, of which $1 million will be payable 14 days after the milestone has been achieved, and the balance of $2 million payable six months later." How can they book it before it's paid?
igxtgold, you are wrong about a lot. First, let me say I am long IGXT. There are 71 million fully diluted shares. Annual expenses are about $3 million. They are taking out a loan for about $3 million for equipment, to be paid in 5 years. So they need income of $3.6 million, approx., per year, to break even. To have 10c EPS, they need something like $10 million in revenue next year. Milestones contribute to the earnings. It would be great to see migraine start to contribute, however Apotex is still having issues with the FDA. The sooner a second drug gets to the market, the sooner IGXT will really start to rise, in my opinion, for what that's worth. The milestones will also be positive news. Again in my opinion, for what that's worth. Yahoo list 2 analysts, with a consensus EPS for next year, you can look it up easily. They may be right, they may not.
Make that 11 posts!!! He's like a stalker, fixated, with no otherlife or interest. Now he can answer with his alias. IGXT will succeed. Gloom will eventually leave. Maybe he will stalk another stock.
by Glum and his alias. How desperate is that. Sad too. I actually feel sorry for him. Like I said, either a short, an agenda of some kind, or a psychotic illness. Maybe all 3.
Of course he'a a chronic liar. He is also Glum, and he has an agenda here. Very obvious. He even admits having multiple IDs. Only because he got caught using them. Why would you use multiple IDs, and bash a stock all day and night, that you have no ownership interest in, unless you were short or paid to do it? The only other possible reasons are psychological impairment issues.
IGXT has a bright future! Time is it's friend. Let's wait and see what happens. We can all laugh at him in a few years.
Back at it. As if anyone cares what they have to say. Looking for attention. No real lives to speak of, so they live here. Feel sorry for them. They may evem be the same person. Lol
Good luck. Let us know what happens. All shareholders are interested in the outcome.
Actually, I don't like that at all. What's up with those insane numbers? What is the motivation for shorting so many shares? A sincere belief the price is too high, or some other illegal reason? Anything done with intent to manipulate the price is illegal. We really don't want to see IGXT on the Reg Sho List.
They did a million in sales in October. How many scripts a week were they selling then? Are sales still rising, or at least holding steady through the quarter? The million dollar month is what made IGXT's EPS estimate go positive.
They're wrong, and just like when you didn't know the difference between you and you're, so are you, again.
"A secondary market offering, according to the U.S. Financial Industry Regulatory Authority (FINRA), is a registered offering of a large block of a security that has been previously issued to the public. The blocks being offered may have been held by large investors or institutions, and proceeds of the sale go to those holders, not the issuing company. Also called secondary distribution.
A secondary offering is not dilutive to existing shareholders since no new shares are created. The proceeds from the sale of the securities do not benefit the issuing company in any way. The offered shares are privately held by shareholders of the issuing company which may be directors or other insiders (such as venture capitalists) who may be looking to diversify their holdings. Usually however, the increase in available shares allows more institutions to take non-trivial positions in the issuing company which may benefit the trading liquidity of the issuing company's shares.
A secondary market offering should not be confused with a follow-on offering, otherwise known as a subsequent offering, or a dilutive secondary offering. In a follow-on offering, the company itself places new shares onto the market, thus diluting the existing shares. "Secondary market offering" can be understood as an offering on the secondary market, and is thus different from a secondary offering on the primary market — in other words, an offering following an initial, primary-market offering. A follow-on offering which is the second offering from a company can be understood as a secondary offering on a primary market, which is where the confusion between a dilutive (follow-on) and a non-dilutive secondary market offering possibly comes from. If a company were to make a third, primary-market offering, this would be a follow-on offering which is not a secondary market offering.
A Secondary offering is when a block of shares are sold by a large shareholder, Like BMA. The proceeds don't go to the company. When the company issues shares from it's Authorized shares, that's a primary offering. The money goes to the company. Doesn't matter if it's the 100th Primary offering for CTSO, it's still another Primary offering.