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htcthc321
LSU Fan
Member since Oct 2010
975 posts
 Online 

re: Whats up with BNGO?
I believe it's 29 million shares at $3.05. They'll get snatched up quickly


CaptainJ47
Hawaii Fan
Gonzales
Member since Nov 2007
6267 posts

re: Whats up with BNGO?
29 million more shares is about a 20% dilution to the current shares outstanding. The odd part (forgive me if I am an idiot here) but that means the EPS per share goes from -0.75 to -0.63 and the P/E actually is less negative. Certainly changes forward looking EPS and P/E as well


Fox McCloud
Member since Oct 2020
1421 posts

re: Whats up with BNGO?
Perfect dip to buy


Fox McCloud
Member since Oct 2020
1421 posts

re: Whats up with BNGO?
Up 16% since post


CajunTiger78
New Orleans Saints Fan
Member since Aug 2017
1558 posts

re: Whats up with BNGO?
yep lots of folks buying on the dip in anticipation for next week. Lets hope this thing takes off like a rocket again soon!


Fox McCloud
Member since Oct 2020
1421 posts

re: Whats up with BNGO?
Only problem is I didn’t buy more. I’ll welcome it to come on back down


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00
James11111
Walnut Creek
Member since Jul 2020
824 posts

re: Whats up with BNGO?
I just bought in again to put my current price paid at $4.70. Still wish I hadn't sold the first batch at $3.00 but oh well.
This post was edited on 1/8 at 2:57 pm


htcthc321
LSU Fan
Member since Oct 2010
975 posts
 Online 

re: Whats up with BNGO?
I'll admit I sold my shares near today's high. Not losing faith, just leveraging for more money for next week. Bitcoin likes to rip on the weekends, so I took my BNGO profits and went in on MARA $28 1/15 calls.

The symposium starts at 9AM Eastern on Monday. I look to sell my MARA calls and take the proceeds and buy as many BNGO shares as I can shortly after market open

MARA is already up $1.21 AH up to $27.50, and BTC is below 40K. Hopefully this works out
This post was edited on 1/8 at 3:21 pm


tigerfan4444
Member since Apr 2008
608 posts

re: Whats up with BNGO?
MARA added 10 new strikes today on the January calls. I bought some BNGO today.

PACB had that spike in the afternoon with the Softbank stake news.


htcthc321
LSU Fan
Member since Oct 2010
975 posts
 Online 

re: Whats up with BNGO?
MARA sitting at $29.10 AH right now. Man I hope this holds until Monday morning lol. Bitcoin at 40.7K


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Zilla
LSU Fan
Member since Jul 2005
10481 posts

re: Whats up with BNGO?
i wonder why they didn't do the offering after the symposium?


molsusports
Ohio State Fan
Member since Jul 2004
31215 posts

re: Whats up with BNGO?
quote:

i wonder why they didn't do the offering after the symposium?


I think the belief is their presentations at the conference will boost share value and overshadow a small dilution.

Conversely, if they dilute after the conference, the negative effect would be the last news publicized and have a worse effect.


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10
htcthc321
LSU Fan
Member since Oct 2010
975 posts
 Online 

re: Whats up with BNGO?
Seems they have very strong convictions about next week and being able to show their tech to the world, and I believe the offering is complete by Tuesday.

Also a lot easier to attract investors when you have an additional 88 million dollars available. There's also a lockout period for all the executives & directors so they can't sell their substantial amount of shares. The news dropped the stock intially but we still finished the week above $5.00.


CajunTiger78
New Orleans Saints Fan
Member since Aug 2017
1558 posts

re: Whats up with BNGO?
Up 34% pre-market! Currently at $6.33
This post was edited on 1/11 at 7:24 am


Open Your Eyes
Member since Nov 2012
4873 posts

re: Whats up with BNGO?
quote:

Up 34% pre-market! Currently at $6.33


I’m well aware this isn’t a thing.

But it really seems like this post killed all of its pre-market momentum


CajunTiger78
New Orleans Saints Fan
Member since Aug 2017
1558 posts

re: Whats up with BNGO?
quote:

I’m well aware this isn’t a thing. But it really seems like this post killed all of its pre-market momentum


Perhaps LOL! But lets see what happens this week, the next few days should have a positive affect on this stock.


htcthc321
LSU Fan
Member since Oct 2010
975 posts
 Online 

re: Whats up with BNGO?
So my BTC/MARA idea blew up in my face lol. So I'm on the sidelines this week until BTC recovers and I can sell these MARA calls


SeaPickle
LSU Fan
Thibodaux
Member since May 2011
2900 posts
 Online 

re: Whats up with BNGO?
Bngo needs to do something


htcthc321
LSU Fan
Member since Oct 2010
975 posts
 Online 

re: Whats up with BNGO?
Yeah I've been so busy with work lately I haven't had the chance to even catch up on the symposium news. Obviously nothing Earth shattering yet, still hopeful


tigerfan4444
Member since Apr 2008
608 posts

re: Whats up with BNGO?
MARA Announces $250M Direct stock offering The Company intends to use the net proceeds of this offering for general corporate purposes -- to buy more crypto mining machines.
This post was edited on 1/12 at 11:16 pm


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