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.
We're down to 19 cents. Why? Chan sold us down the river. Outrageous split. Doubling the authorized shares. Passing out warrants. Taking 8 figure cash. He's a pig. Period. A shareholders worst nightmare. On top of that, he never does what he says he's going to do. Dilution is his main business. Taking your money, and making it someone else's
One of the most ignorant posts ever. Chan reminds me of The Music Man. Fools fawning all over him, while his hands are in your pockets, stealing your lunch money. Why does he never buy shares with his own money, but feels free to had them out like the were PEZ candies, to anyone that helps him dilute the share count.
The proof is in the pudding. Down over 20% since he did it. Did he buy any shares with his own money??? Does any insider buy with their own money??? Increasing sales can't compensate for the shareholder unfriendly tactics of a CEO, who is intent on passing out warrants, and doubling the authorized shares. He's like a Bizarro Robin Hood. Takes from the poor, gives to the rich.
Over $1 million in October, with growth expected. That is huge. So we're talking maybe $20 million in 2015 Forfivo sales, plus EU sales at least, for migraine. Royalty payments. No need for dilution, maybe ever again!!!!!!!!
The need to spend money to stop patent infringement was a strike against the stock. Settling the suit saves legal costs, which subtract from the bottom line. That's always very good news.
I may not be able to keep him from robbing me blind with his constant dilution, but at least I'm not stupid enough to consent to it!!! Can't believe he put the Russell 2000 admission as a reason to approve. He'll say anything to get to print more shares. Probably has ink stains on his fingers at all times.
Also strikes me he's been lying about why insiders were selling. They knew what he was up to, and so they sold. Then he lied to retail investors, sending emails with made up excuses for the major flight from the stock, by those in the know.
investors, right before increasing the Authorized shares by over 50%. Why didn't he wait, so they could know what they were getting for their money? No, he deliberately sucked as many unknowing investors in, while those in the know, sold hand over fist. They pounded the bid, while he made excuses for them! He did yesterday's CC, knowing he would give warrants to cronies, as of today. Concealed the truth, so he didn't have to answer questions. Starting to seem like he has a serious character flaw. No integrity. The Music Man was a beloved conman. Is Chan of that ilk? Don't know, but very, seriously, doubting all he has ever said.
There is no end to the dirty tricks he pulls on the retail investors. Most seem to smile with foolish indifference, as though they have no idea their pocket is repeatedly being picked. Dilute, give free shares to cronies, repeat. The Chan formula for success.
Ask yourself this. Is he running the company to increase shareholder value, or is it being run like it's an ATM for management, printing shares for them to dump? Now he comes out an says in the cc the retail investors are tapped out. Does that mean he no longer values the retail investor? Increasing the authorized shares by OVER 50 %, was like giving retail the middle finger. It means the stock is worth 33% less, ultimately. Chan did that, and thinks we're too dumb to notice!!!
Anyone who thinks I'm wrong, please explain the stock selling off after the best quarter of sales ever. It's the deal he cut at the cost of the retail investor, who he came out and said in the CC, is out of money. Out of patience is more like it. When I saw him referencing Russell 2K as a reason for sticking the shiv in my back, I knew he was full of bull. Just trying to justify an obvious jack to retail, by painting a pie in the sky scenario. Is the man a complete socio[path, venture capitalist, pig? I'm worried. Very, very, worried. I see no evidence of good character, just unmitigated greed.
I wrote, Chan Sold Us Down The River. The 25 to 1 was not the dilution. It was increasing the Authorized Shares by 50%, which opens the door for future dilution. Dilution is a 2 step process. He used the RS to take step one to 50% more shares. It ruined the news of a big quarter, because management is not shareholder friendly. In fact, they seem like greedy pigs. Remember, only 565 million of the 800 million authorized Shares were issued, so there were plenty left. If he didn't do that, we could have had a 16 to 1 split, to get to 50 million shares. I still say it was a stab in the back.
Sounds like a trail partnership. Collecting data for 6 months, and then deciding where to go from there. Everyone complaining about the lack of data to prove efficacy, well we're about to find out. If you ask me, so far, CTSO has seemed unlucky, when it came to trial results. Here is a clear cut chance to prove the product is valuable. In fact, it may be do or die for CTSO. The trial will either be a big success, or it's back to the sepsis only market. At least that is what it seems like to me. Cross those fingers for the next 6 months.