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Getting back on traction again, imo
$EQ
EQ What a bummer this petered out. Good Phase two results in India.
So many competing plays!
Wait for it to bottom and then stash some away. With news, this goes again.
I left some but moved account up 20% so have to be happy.
In NFLX for ER Thurs.
GLTA!
MG
The question is how low is this pos going to go??
EQ Not happening so far. I've got to hit the road to Florida (hell).
Closed out. GLTA! Could reverse.
MG
lol better than me filled mid 15.8's
Ya I exited at 15.64 and got right back in at 15.65 :)
EQ Yes, that held, looks like bottom and now heading up
EQ = $16.35 may be a bounce point
EQ The number of shares to be sold is quite manageable. The tradeable float will still be small. Watch this rise all day. The drug works.
MG
MiamiGent - Not short at all but a realist. Offerings behind run ups are toxic.
The offerings is for up to $150M based on a recent share price of $26.50.
They will raise at a MUCH lower PPS - it is just that simple add 30% of fees and dilution you dont have to worry about covering rather huge initial exit on tens millions of shares !!
Nice! Holding my shares for higher gains!
Weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee!!
$EQ
Imho only.
EQ The impact will be small. At the current SP we're not talking about a lot of shares- about 1-2 % of yesterday's trading.
Cover or be slaughtered today
MG
EQ
Bid 20.74 x 8 EDGX
Ask 20.79 x 10 XNMS
Vol 1,463,189
Going to fly!
Dont miss this in the offering document - The exercise of outstanding stock options and warrants would result in further dilution of your investment. See the section entitled “Dilution” below for a more detailed illustration of the dilution you would incur if you participate in this offering.
EQ Short shares available about 1 % of the number of shares that traded yesterday. This will be unstoppable!
MG
EQ SHOULD HIT $1B MARKET CAP TODAY AND REACH $10B IN A FEW MONTHS.NOTHING STOPS THAT TRAIN.
EQ is doing an offering at $26.50 per share for a net proceeds of $150M! A little over 5.6M shares. https://thefly.com/landingPageNews.php?id=3124808&headline=EQ-Equillium-files-M-common-stock-sales-agreement-with-Jefferies
EQ Tradeable float of about 9 million shares!
The drug works!
This should fly again today.
MG
Benziga Rating PT raised to $24 https://www.benzinga.com/stock/eq/ratings
The Ingraham Angle 7/13/2020
EQ CEO on FOX News (25.5 min mark):
EQ Effective drug, tiny float and limited borrows- EQ will run bigly again today.
MG
Going back to bed, see ya much higher
SEC filing 424B5 > $150M shelf placement.
EQ
Yes, I saw CEO's informative interview. Trading float is 6M shares.
Right on. The study appeared to have used two groups of patients. I believe the first group was given the drug + supportive care, the second group only got the supportive care. No one in the first group (itolizumab arm) died while about 30% participants in the second group (control arm) sadly passed away.
Very robust outcomes, imo.
$EQ
Disclosure: all Imho only, do your own DD.
The Biocon person said its about 25,000 to 30,000 Indian Rupees. Right around 10.50 minute mark and again she repeated after few minutes. At the later time she didn't identify the currency by which costs are measured. Agree there lies the confusion I believe.
$EQ
all imho only.
EQ But later on the Chairperson of Biocan says it'll cost "$35,000". So it's unclear.
It's kinda hard to believe they'd let it go for $400 for the one time and done treatment in the US.
MG
EQ Should be plenty of opp tomorrow for a second killing. This is a real deal. Not a vaccine (if that ever comes) and not a cure. But a one time administered drug that keeps the inflamation down so the patient can 1. stay off the cursed ventilator and 2. buy time to build up their immunity.
It's the inflammation that's killing people with Covid and Itolizumab effectively knocks the inflammation down. It is already an approved drug for psoriasis. This was a Phase 2 test for use with Corona Virus.
To my thinking, it's partly a de facto cure. It's the best thing I've seen so far.
MG
I just learned of this stock tonite on Fox news.
Missed again.
if I had invested when it was 3,07 I could have made a killing in one day.
How many politicians knew beforehand?
Problem is, I am not a poitician.
EQ I am one who is restrained. I am a tough mod on other boards. But I'm going to say, this should further explode tomorrow.
MG
That is right buddy.
, Itolizumab is a very affordable biologic. Only requires one treatment for about $35,000 dollars. It tames the Corona virus until the patient can build up their immunity.
Remdesivir has to be administered daily
EQ Because it is made in India, Itolizumab is a very affordable biologic. Only requires one treatment for about $35,000 dollars. It tames the Corona virus until the patient can build up their immunity.
Remdesivir has to be administered daily
EQ Itolizumab "is a breakthrough drug for treating autoimmune disease"
"the outcome of this open label test was so compelling"
"The drug works to treat this great disease!"
Kiran Mazumdar Shaw
Chairperson Biocon
The Senate at this very moment is working on funding 25 billion dollars for vaccine production, the news on Laura Ingram Show on FOX Channel talked about EQ. This is heading straight to the mid 30's tomorrow. Short are phucked big time.
"Race for corona cure: What does first Made in India Covid drug mean?"
Watch this:
https://www.indiatoday.in/amp/india/video/race-for-corona-cure-what-does-first-made-in-india-covid-drug-mean-1699579-2020-07-11
$EQ
EQ Itolizumab for reducing mortality and getting patients off ventilators
Join this doctor for an insightful dinner discussion and a lot of scratching.
EQ Funny, after just watching Carlson and Hannity I said, "Ok, let me shut this so I can do some more EQ DD". I should have left it on. Unbeknownst to me, Laura was minutes away from speaking about EQ.
But I'd rather have missed :aura's repoting than getting in on EQ today! Got in high 9's and five more buys, finishing up mid 18's!
What a stunning joy to experience.
MG
EQ Equillium (EQ) holds rights to itolizumab........in the U.S., Canada, Australia and New Zealand.
EQ was just on Laura Ingram show on FOX Channel. Looks like this could run tomorrow again.
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