Penny Speculator Saturday, 09/13/14 09:54:48 PM Re: ScottAM post# 7230 Post # of 7273 I am serious about $1.00 PPS.
I really do absolutely think and believe at LEAST $1.00 price per share is possible again in the foreseeable future. And I think that foreseeable future is in early 2015!
The so-called "dilution" was actually and technically needed company financing, and it was officially and publicly planned and announced in a company 8-K SEC form filling on Feb 12, 2014 for the sole purpose to "raise approximately $4.19 million in gross proceeds" to "help fund the initial European commercial launch of Dario".
Direct quotes from the Feb 12, 2014 8-K: • developer of the Dario ™ Diabetes Management Platform today announced that it has entered into a definitive securities purchase agreement with institutional and accredited investors to raise gross proceeds of $4.19 million • LabStyle expects to receive net proceeds of approximately $3.79 million. • LabStyle intends to use the net proceeds from the offering to help fund the initial European commercial launch of Dario ™ this year and for general working capital purposes.
Well the company has successfully "raised $3.8 million in net proceeds" and has officially and publicly announced the TERMINATION of "dilution" in a company 8-K SEC form filling on Aug 22, 2014!
Direct quotes from an Aug 15, 2014 Company PR: • "Commenced first shipments of the Dario™ Diabetes Management Solution to distributors in Italy, New Zealand, the United Kingdom and the Netherlands" • "Received reimbursement status in England, Wales, Scotland and Northern Ireland for strips and lancets to be utilized together with the Dario™ smart meter (effective September 1, 2014)." • "Raised $3.8 million in net proceeds from private placement which had its closing on February 2014."
We have a completely TRANSPARENT company that is REAL with a REAL product! They are doing company financing as it SHOULD BE. They are ONLY putting out extra shares that are NEEDED and NOTHING MORE. They are putting the raised funds BACK INTO the company and NOT into their own pockets. We have the factual results of their progress!
The "dilution" has ENDED --- that is factual and official!
The "dilution" has been eaten up here. We have had THE TWO most biggest, record-breaking volume in total trading dollars AFTER the "dilution" officially ENDED on Aug 22, 2014 with $2,520,000 million dollars traded on Aug 25, 2014 and our latest record holder of $2,700,000 million dollars traded on Sep 9, 2014!
The drop downs from Aug 18, 2014 to Aug 22, 2014 were clearly from the planned "dilution", which did OFFICIALLY END on Aug 22, 2014 as per a company 8-K SEC form filling on Aug 22, 2014, how about that!
Let's go over and take a visual look at the drop downs.
08/18/14 Closed DOWN -71.02% 08/19/14 Closed DOWN -18.13% 08/20/14 Closed DOWN -18.00% 08/21/14 Closed DOWN -18.99% 08/22/14 Closed DOWN -41.94% And the next trading day right after "dilution" officially ENDS: 08/25/14 Closed UP +48.89% And ever since "dilution" TERMINATION day, 08/22/14, the biggest DOWN closing day was -18.05% on 09/03/14.
To me, that complete drop down looks like picture perfect stair-stepping down of price in a controlled and orchestrated manner. "They" (the Maker Makers) even knew way ahead of time in a planned way to make sure ".10" was hit to make it a future support level on the recovery way back up. The GOOD Signs: The double bottom at the 52 Week Low of .05 is a GREAT reversal! A huge record-breaking GREEN volume bar on the 52 Week Low day! The most recent 3 day decline is/was on LOW volume of UNDER 10,000,000 million shares...
The host in the following video interview with Dr. Oren Fuerst, DRIO's Chairman of the Board, says if DRIO can execute, which he BELIEVES they CAN, "this is a GOOD BUY at these levels", and that video was published on Oct 10, 2013, a day the stock closed at $2.62 price per share. That was considered a "GOOD BUY" at 'that level'!
And DRIO has just started to execute since only the beginning of 2014!
DRIO has already been approved for its innovative smartphone testing patent by the U.S. Patent Office. DRIO has already submitted a form to get FDA approval, which is and will be HUGE. And because they already got a patent approval, that makes getting FDA approval even more likely to happen. I think just upon the dropping of FDA approval news, the price per share can at least hit $1.00!
And there is literally SO MUCH MORE to say but it's just TOO MUCH for me to write out.
Basically they're going to be taking a profitable chunk out of a GROWING multi-BILLION dollar medical market space with an innovative product and a team of leading world-class diabetes experts advising them.
AI
