Wednesday, November 01, 2017 3:18:59 PM
Not expecting any major news, but let's see how they did in regards to cutting expenses throughout the third quarter.
(This should provide us with a realistic outlook on how they are progressing during this quarter, in the same area.)
I would be looking for a cash position of around $5-$5.5M as of the end of the 3rd Quarter. If they trimmed expenses at a higher percentage than expected, maybe they will be closer to $6M, and I would be pleased with that progress.
Most likely they will need to raise more cash late in the 4th, or in early 2018. I wouldn't say if, but when. Personally I would be pleased if such action were to bring about a larger stake by Merck, and or JVen.
As of now we have dropped below the 50DMA, so we will see if we can bounce back above it, or if we are going to test the mid to low .20's. Personally I'm looking into the near future in regards to large partnerships, which will have a very positive impact on the PPS as we move forward into 2018.
I really don't think that trading OPGN short term is a good approach because of how the company is structured. Good quality management, with a solid business plan, and a fairly small OS and float, for a company in this arena. Personally I see the current PPS as a great entry point for a true investor, who is looking for minimal risk with potential large gains.
Cad
Recent OPGN News
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 08/28/2024 04:59:54 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/22/2024 09:24:23 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/19/2024 09:23:14 PM
- Form 10-Q/A - Quarterly report [Sections 13 or 15(d)]: [Amend] • Edgar (US Regulatory) • 08/19/2024 08:56:09 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/19/2024 08:15:30 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/15/2024 08:39:45 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 08/14/2024 08:05:29 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/02/2024 09:28:32 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/01/2024 09:25:45 PM
- Form SC 13D/A - General Statement of Acquisition of Beneficial Ownership: [Amend] • Edgar (US Regulatory) • 08/01/2024 09:25:39 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/08/2024 08:30:34 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/11/2024 08:15:18 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/03/2024 08:01:21 PM
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 05/30/2024 08:30:30 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/24/2024 08:30:33 PM
- OpGen Receives Expected Nasdaq Notice Regarding Delayed Form 10-Q • GlobeNewswire Inc. • 05/24/2024 08:05:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/22/2024 08:15:20 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 05/17/2024 09:02:10 PM
- OpGen Announced 1-for-10 Reverse Stock Split • GlobeNewswire Inc. • 05/16/2024 11:00:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/14/2024 08:30:23 PM
- OpGen Provides Update on Business Operations and Strategic Opportunities • GlobeNewswire Inc. • 04/29/2024 08:05:00 PM
- OpGen Receives Nasdaq Notice Regarding Delayed Form 10-K • GlobeNewswire Inc. • 04/23/2024 08:15:00 PM
- Shares Rip In Reaction To Activist Investor Becoming CEO • AllPennyStocks.com • 03/26/2024 08:20:00 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM