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re: Whats up with BNGO?Posted by htcthc321
on 1/8/21 at 8:31 am to CaptainJ47


I believe it's 29 million shares at $3.05. They'll get snatched up quickly
re: Whats up with BNGO?Posted by CaptainJ47
on 1/8/21 at 10:49 am to htcthc321

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
re: Whats up with BNGO?Posted by CajunTiger78
on 1/8/21 at 2:47 pm to Fox McCloud

yep lots of folks buying on the dip in anticipation for next week. Lets hope this thing takes off like a rocket again soon!
re: Whats up with BNGO?Posted by Fox McCloud on 1/8/21 at 2:49 pm to CajunTiger78
Only problem is I didn’t buy more. I’ll welcome it to come on back down
re: Whats up with BNGO?Posted by James11111 on 1/8/21 at 2:56 pm to CajunTiger78
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
re: Whats up with BNGO?Posted by htcthc321
on 1/8/21 at 3:17 pm to James11111


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
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
re: Whats up with BNGO?Posted by tigerfan4444 on 1/8/21 at 4:47 pm to htcthc321
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.
PACB had that spike in the afternoon with the Softbank stake news.
re: Whats up with BNGO?Posted by htcthc321
on 1/8/21 at 5:32 pm to tigerfan4444


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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re: Whats up with BNGO?Posted by molsusports
on 1/9/21 at 3:41 pm to Zilla

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.
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.
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.
re: Whats up with BNGO?Posted by CajunTiger78
on 1/11/21 at 7:23 am to htcthc321

Up 34% pre-market! Currently at $6.33
This post was edited on 1/11 at 7:24 am
re: Whats up with BNGO?Posted by Open Your Eyes on 1/11/21 at 7:56 am to CajunTiger78
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

re: Whats up with BNGO?Posted by CajunTiger78
on 1/11/21 at 8:06 am to Open Your Eyes

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.
re: Whats up with BNGO?Posted by htcthc321
on 1/11/21 at 9:16 am to CajunTiger78


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
re: Whats up with BNGO?Posted by tigerfan4444 on 1/12/21 at 11:10 pm to htcthc321
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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