Continued Selling Here
The Elephant Is Leaving A Mess
And It's Not Going To Clean It Up
Sold Last Friday
Trade Date: Mar 24, 2017
129,059 Shs Sold At $0.48
Filing Date: Mar 28, 2017
That's 4,093,832 More Shs Diluted
Into The OS & Float Filed In March
Recent Insider Form-4 Selling
Oct 14, 2016 - Mar 24, 2017
17,161,477 Shs by Temasek/Maxwell
Nov 2016 - Mar 2017
76,266 Shs by Management
TOTAL SOLD = 17,237,743
Current March 2017 Outstanding Shs
Guessing Equivalence Of 371,761,960
( Sept 2015 The OS Was 140,374,297 )
ATM (At The Market) Dilution
The ATM could be another 100,000,000 Shs
diluted into the OS and Float at today's pps.
This 1st Qtr Will Be Bad
They won't even be able to stay ahead of their own dilution. And that's on top of all the debt, bad deals, and interest payments. They have no real cash. They are allowed to pay some of the interest on their debt with common shs, adding to the dilution. They won't meet their collaboration requirements, and will be forced to make those bad deals even worse. They will have to do a Reverse-Split.
Heading Down To The 30's
The New Top is still $0.444. And heading down into the 30's. Don't be fooled by little technical bounces on the chart. The Market Makers may take advantage of you that way. They know what's coming ... A 1-for-20 Reverse-Split.
Just My Opinion
