Dr. Phillip Frost and Steve Rubin's OPKO HEALTH (OPK) invested in SVON with warrants at $1.50 per share! SEC Form 8K dated May 7, 2015.
"The net offering proceeds to the Company are expected to be approximately $1,512,226." (That's 10% of the current market cap of SVON by the way.)
"On May 6, 2015, OPKO Health, Inc. (“OPKO”), a multi-national biopharmaceutical and diagnostics company, agreed to participate in the Offering. Dr. Phillip Frost and Steve Rubin, who are members of the Company’s Board of Directors, are the Chief Executive Officer and Chairman and Executive Vice President-Administration of OPKO, respectively."
Per last week SEC form 8K,they raised an additional fund:
"The aggregate net offering proceeds to the Company from the sale of the Securities on May 1, 2015, May 7, 2015, and May 29, 2015 after deducting the aggregate placement agent fees of approximately $240,943 and other estimated aggregate offering expenses payable by the Company of approximately $98,500, are expected to be approximately $3,314,527".
Thats a lot of raised capital vs current market value.
COCP added more than $400m to it's value Since Dr.Frost became a Director in May 2014. just imagine,the potential. SVON's market cap only $14m.
SVON will have two presentations this week Worldwide.(Belgium+USA).Welcome to the premier league.
My posts are my opinion and should not be used as investment advice. Make your own decisions in your stock trades.
