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re: AT - Small Cap Discussion Thread ( NEW. )
Posted on 2/8/21 at 6:51 pm to Buck_Rogers
Posted on 2/8/21 at 6:51 pm to Buck_Rogers
quote:
It looks like H.C. Wainwright bought these shares at $1.90 each. I'm guessing if they are willing to buy that much at that price, then they see this staying above $1.90 and hopefully growing much more. I'm just guessing here, but maybe someone else has a better understanding.
Typically secondary offerings are priced at a discount. Wainwright underwrote the offering. They also have the opportunity to purchase another $3.75MM at $1.90, which they almost certainly will if the price holds steady above $2. They have a nearly guaranteed profit on their money given the substantial discount they received.
Diluting shares generally used to be considered a bad thing for existing shareholders, but that hasn’t been the case in 2020-2021.
2
Posted on 2/8/21 at 7:43 pm to AncientTiger
Lets ride
Posted on 2/8/21 at 7:51 pm to slackster
The thing about that $1.90 price is that this has probably been months in negotiation, and just agreed to within the last week or so. They may well have been trying to push the price up on the day they agreed. WRT to dilution, it's not much. See my post on numbers above.
Posted on 2/8/21 at 7:55 pm to TigerHornII
quote:
The thing about that $1.90 price is that this has probably been months in negotiation, and just agreed to within the last week or so.
You raise capital this way when your stock shoots to the moon. I’d be surprised if they have been talking for more than a couple weeks.
The dilution isn’t a ton, but it’s the sign it sends that’s historically more troubling. It’s akin to insiders selling.
That’s under normal circumstances though, not 2021 dynamics.
Posted on 2/8/21 at 7:55 pm to slackster
STLHF issued more shares at $1.71 when it was trading around $2 I believe. All spoken for. It's now holding above $3.00.
What are they using the cash for?
What are they using the cash for?
This post was edited on 2/8/21 at 8:01 pm
Posted on 2/8/21 at 8:02 pm to GrizzlyAlloy
quote:
STLHF issued more shares at $1.71 when it was trading around $2 I believe. All spoken for. It's now holding above $3.00
It’s happened a ton in the last 6-9 months.
Posted on 2/8/21 at 8:06 pm to TigerHornII
quote:
The thing about that $1.90 price is that this has probably been months in negotiation, and just agreed to within the last week or so.
Yeah no. Priced yesterday - they had a shelf out there to be able to pull down on a snap. They see this as cheap money. Disclosure: I was in to 2.28 and have enjoyed the run
Posted on 2/8/21 at 8:08 pm to AncientTiger
I’m going to be doing my due diligence tonight on DRNK.
Posted on 2/8/21 at 8:20 pm to igoringa
Zomedica Pharmaceuticals (ZOM) Announces $25 Million Bought Deal Offering of Common Shares
Looks like they are using the capital to pay off one or more of their partners who reached a milestone of developing the tests.
https://investors.zomedica.com/node/8241/html
Zomedica to Develop Gastrointestinal Testing Panel for TRUFORMA™
quote:
Zomedica intends to use the net proceeds from the offering for the continued development of its diagnostic platforms, including making milestone payments, if any, as they come due, under its existing license and collaboration agreements, for strategic acquisitions if and when they become available, and other general corporate and working capital purposes and may use a portion of the net proceeds to repurchase some or all of its outstanding Series 1 Preferred Shares, although no agreement has been reached with respect to the terms or conditions of any such repurchase.
Looks like they are using the capital to pay off one or more of their partners who reached a milestone of developing the tests.
https://investors.zomedica.com/node/8241/html
Zomedica to Develop Gastrointestinal Testing Panel for TRUFORMA™
This post was edited on 2/8/21 at 8:42 pm
Posted on 2/8/21 at 8:30 pm to LSUneaux
Was OCGN a AT pick?
Posted on 2/8/21 at 8:37 pm to GrizzlyAlloy
What does that mean for the zom?
Posted on 2/8/21 at 8:40 pm to AncientTiger
Up another $2k+ daily. WTF, AT. I love you
Posted on 2/8/21 at 8:47 pm to Sev09
I have been around penny stocks for decades, have pointed out a fraud or two on this board (LVVV in the haus)....
but what AT has done in the past 2 months is like nothing I have seen. Picking a winner is one thing, but the continued success is truly breathtaking.
I can argue the fundamentals until I am blue in the face, but the reality is in the dollar bills what he has made for us all.
but what AT has done in the past 2 months is like nothing I have seen. Picking a winner is one thing, but the continued success is truly breathtaking.
I can argue the fundamentals until I am blue in the face, but the reality is in the dollar bills what he has made for us all.
Posted on 2/8/21 at 8:48 pm to Sasquatch2020
quote:
What does that mean for the zom?
Apparently Qorvo US, Inc. is doing the leg work of developing different test for ZOM's TRUFORMA diagnostic tool. They reached successful milestones and are being paid. Hopefully they have more milestones to reach and are successful in doing so. ZOM needs vets to pick up on TRUFORMA. Their distribution partner is apparently well regarded in the industry.
Zomedica Signs TRUFORMA™ Distribution Agreement With Miller Veterinary Supply
Posted on 2/8/21 at 8:56 pm to igoringa
quote:
a fraud or two on this board (LVVV in the haus)....
It's ONLY down 92%?? Is that bad?
Posted on 2/8/21 at 8:57 pm to igoringa
quote:
but what AT has done in the past 2 months is like nothing I have seen. Picking a winner is one thing, but the continued success is truly breathtaking. I can argue the fundamentals until I am blue in the face, but the reality is in the dollar bills what he has made for us all.
That means a lot coming from you. I know you dig deep.
Posted on 2/8/21 at 9:01 pm to High C
quote:
That means a lot coming from you. I know you dig deep.
Look I am challenged by some of the fundamentals of some of them (See tsnp fall thread) ..... but the consistent home runs are what they are - the timing has been psychotically good
Posted on 2/8/21 at 9:01 pm to AncientTiger
AT out here spreading the love to the masses.
Posted on 2/8/21 at 9:03 pm to igoringa
Is it a function of the current market, though? A coming together of the stars?
Posted on 2/8/21 at 9:30 pm to High C
Millions of new investors flooded the market a week and a half ago and they are targeting small caps
This post was edited on 2/8/21 at 9:30 pm
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