Warrant holders can exercise their warrants and immediately sell the stock to reap an immediate 17% rate of return (at the time of my post), which I assume is the reason for the downward pressure. That appears to be the return they are demanding since it was a pretty solid floor for the stock. I believe tomorrow is the last day for exercise and most likely the selling pressure will let up as this floats back up to around $.60 (minus the market cap of the newly minted shares).
Honestly, selling this to cover for a 17% ROR seems ignorant to me at this stage of the game. Unless you don't have the money to buy the shares outright, I guess.
Your money is much safer here than anywhere else.
If the price is $10 in 10 years your rate of return from today is the same for the holding period regardless of the timing or the exact path that it takes. Unlikely to get that return in the S&P 500 based on current valuations.
If this were easy, Bill, there wouldn't be any money in it.
Their constant tardiness and missed deadlines are not a surprise; but progress is slowly being made.
No big deal. It'll be listed again or they'll buy us out within 5 years. Meanwhile, saving money is good for shareholders. Just hope they don't drop the stock to $1.00 and decide to implement the buy out.
I'm still trying to figure the play here.
Pressure from the warrant holders, or serious need for cash, or both? Perhaps the warrants were C-blocking their real capital raise and they're just flushing them and Mark didn't wan't to poison the well for future capital raises...
I was under the impression that we have enough cash until Q1 2014, so something smells. The big fear is that they just realized FDA is not going to approve until next November (or never) and Mark is protecting his old buddies by letting them sneak out of the warrants before expiration in March.
If memory serves, and it has been a while since I've looked into this, The Zilico devices takes multiple electrical readings at various points on the cervix, while LuViva is a comprehensive scan of the cervix. Kind of the difference between interpreting a sample and examining an entire polulation in statistics.
Make sure to yell "TIMBER" when you buy your last share, since you've been all the volume recently... not that it matters as I don't pay attention to the price now that I'm fully stocked. Just looking forward to being a true operating company.
kurt, you are a gentleman and a scholar, and as such, what you say is very important to me. I know you showed up here last month to stalk seanoise because you have a man crush on him, and you have in the meantime done significant due diligence on this company and found it to be a "load of turd", and I appreciate that opinion.
As embarrassing as it is to say, I've been an owner here since 2006 and have watched this company progress from not being able to complete the PMA, to European approval, down to three questions from the FDA and something like 22 markets currently open. I want you to really enjoy rubbing this price into everyone's face while it lasts. In 2 years, which is the blink of an eye, this stock will be worth $5, and then your game will be over. So while one of us gets to feel the slight tingle of being a huge success of making fun of people on the internet, the other will be $450,000 richer. I'm sure we all covet your position.
Had a couple limit orders in for 25,000 shares between $.55 and $.58.
They took it down and filled my orders and right back up.
All in for 100,000 shares. Who's the moneybags that snagged 200 shares at $.54?
Anyway. That's my limit. Word of advice- set a couple low-ball limit orders, there is liquidity to be had down there.