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Monday, March 05, 2012 7:35:19 PM
SPEX,
O/S 4,167,820 verified by me with the Transfer Agent this afternoon.
American Stock Transfer and Trust Company
Operations Center
6201 15th Avenue
Brooklyn, NY, 11219
800-937-5449
http://www.amstock.com
It dawned on kajulie and I that this company is trading well below it's cash value alone which is why i called the T/A and then the company. Got a call back not long ago from an adviser to the company who verified the O/S and cash. The shares are a bit higher than listed on Yahoo finance as a result of an offering that opened on 2 Feb and closed on 7 Feb.
Spherix has issued an aggregate of 1,064,815 shares of common stock at a price of $1.08 per share along with warrants to purchase an additional 212,963 shares of common stock at an exercise price of $1.40 per share.
With $5.02 million in cash and the O/S would value the companies share price at approx $1.2044/share and closed today at .82 and that's with just the cash and no news/assets or about .40/share and that's a nice gain. Nothing else. Chart is shaping up as well. As for volume, well this Biotech hasn't been noticed yet. ioo it's one of those rare diamonds you don't find every day. Best to all..
O/S 4,167,820 verified by me with the Transfer Agent this afternoon.
American Stock Transfer and Trust Company
Operations Center
6201 15th Avenue
Brooklyn, NY, 11219
800-937-5449
http://www.amstock.com
It dawned on kajulie and I that this company is trading well below it's cash value alone which is why i called the T/A and then the company. Got a call back not long ago from an adviser to the company who verified the O/S and cash. The shares are a bit higher than listed on Yahoo finance as a result of an offering that opened on 2 Feb and closed on 7 Feb.
Spherix has issued an aggregate of 1,064,815 shares of common stock at a price of $1.08 per share along with warrants to purchase an additional 212,963 shares of common stock at an exercise price of $1.40 per share.
With $5.02 million in cash and the O/S would value the companies share price at approx $1.2044/share and closed today at .82 and that's with just the cash and no news/assets or about .40/share and that's a nice gain. Nothing else. Chart is shaping up as well. As for volume, well this Biotech hasn't been noticed yet. ioo it's one of those rare diamonds you don't find every day. Best to all..
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