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Any ideas on when we get commercial news for Namoya?
BAA
My least favorite part is the paragraph that says they sold 50M shares + 2.5M warrants priced at .225/share for $8.75M
That comes out to 0.175c/share and the warrants are free. We might get a correction toward that price - it would actually help the chart - but overall I think this is a case where the dilution was worth it for shareholders.
BAA
True, but they can be bought out of the streaming deal for a ~17% return on cash if I'm not mistaken.
I am going to have to go back and analyze it further. Only read it once so far.
BAA
Question: Who was trading during the halt? MMs are allowed to trade during halts!?!? If they are that is quite irritating.
When commercial mining news comes, hopefully Monday, we will halt and gap up IMO.
We are in for an epic 2016 especially if we can get spot gold to play along.
BAA
Did anyone check on keyotee, hope he's okay!
BAA
What an information-packed financing news... a brief review indicates that the people willing to put up $100M think this is worth way more than the current market price.
Warrants .2275
8.75% OS for $9M -- assuming it doesn't get bought back.
BAA
Dumped my whole position for a flip, nice move but the gap below is quite large and hard to ignore.
It all depends on what the warrant holders want to do... there is supposed to be a "leak out agreement" where they don't sell their position but I can't see this being honored.
AMDA
Funny you mention that, I was just looking to update the insider buys but that canadianinsider.com site doesn't give me any info.. can you give me a link?
BAA
Glad to be here right now. Reloaded my position low .10s and really want to continue loading as .10 is very well-supported and financiers are in at the same price.
The risk:reward analysis is phenomenal from this price level.
AMDA
It's great to see you here as-well, Neo. It bodes well for longs as last time we were here together it ran 0.03 - $1.2 in like a week or two!
You are also essentially the king of the MJ sector. It seems that things are shaping up for GRNH and the sector lately... what are your thoughts about it?
If we get half of the rush we did in 2014, I'll be thrilled.
GRNH
I rode this in early 2014 for quick and easy profit. I'll be looking to load this over the next couple of weeks.
Merry Christmas everyone! Hoping GRNH brings all longs a prosperous new year.
I didn't get the post card but I heard of it so word is spreading.
Wonder what they are teasing about?
If MJ sector runs again, this one is usually a leading indicator.
GRNH
Interesting chart here. Seems like someone is loading.
GRNH
If it could get on the breakout boards today and people look into what they are offering here, it'll make a nice leap on volume.
DRIO
Would be nice to get the news out a bit more... this is such an under-exposed gem -- people will certainly come to know about it in time
DRIO
Isn't the FDA news out already?
Macrilen and Zoptrex are a go for phase 3 arent they? which drug is awaiting fda green light for phase 3? Zoptrex was the news was it not?
AEZS
So this will confirm the UPS is a new customer ahead of any PR about it?
I haven't had the chance to go into a UPS and ask for myself, as another poster suggested we do to confirm.
ANY
AEZS: trading below it's free-cash-per-share level.
Simple calculation:
$38M at last Q
-$3M paid to series B holders to exercise quickly
-~7M operating costs for Q4
=$28M in cash at the end of the year
This financing adds $15M and an additional ~$16.8M if warrants are converted.
Total free cash at fully diluted OS = ~$60M
Fully diluted share count = 7M+3M+2.4M = 12.4M
Free cash per fully diluted share at the end of the year = $4.84/share
Based on this the pipeline is currently valued negatively, a ridiculous case which will correct.
The chart as of today looks like it is set up to get up.
http://stockcharts.com/h-sc/ui?s=AEZS&p=D&b=5&g=0&id=p05246331572
I'm ready to ride after adding recently. She tends to have strong legs.
AEZS
Fair analysis, I'd certainly love some 5-year 50c warrants on this thing.
As far as the apparent lack-of-endorsement by Cyrus.. I still see it as a convenient insurance policy which becomes valuable to the company only if other financing options are on relatively terrible terms.
Either way, I see the risk:reward here as quite good but I still refuse to hold anything as it drops slowly over time. I will certainly be watching this closely and buy any signs of strength/bottoms (as I did today) until some compelling news/revenue make this a long hold.
ANY
What about in the event of a CUSIP # change before restriction comes off?
Forced buyback or still net zeroed? Broker magic?
I just don't see how the short position can be held in the event of a lending recall - say like Shkreli in KB!O when he decided to stop lending out his shares on Thanksgiving of all days. Shorts can't just give an IOU, give someone their commons back as restricted, or just avoid the order altogether?
An unrestricted common share is not the equivalent of a restricted common share. This is not a reasonable practice if it is being done; I believe that if it's not yet illegal, it will be.
I can see how creditors may sell short ahead of toxic debt conversions for unrestricted common shares but to do so ahead of using a private private placement to cover is preposterous.
How can someone sell common shares short and then expect to cover that position in a private placement which by definition implies that the P/P shares are restricted common shares?
It seems like an unfair loophole if you can avoid the restriction on the shares in this way and should certainly be made illegal if it isn't already. Someone with more knowledge please advise on this.
ANY
The narrative supporting a rate hike was strongly supported by this morning's non-farm payroll (NFP) and other data.
A rate hike is likely going to be bullish for gold this time around.
I am just surprised that the dollar (DXY) is not up more today.
BAA
Excellent post, thanks for the lesson.
ANY
Chart and trading still looks great.
So tempted to continue adding 1.7s before inevitable liftoff -- which I believe is coming shortly. 10MA now 1.81
ANY
I'm listening to MSFT ASM.. they keep mention the cloud and are very excited about it. I will notify on any specific mentions of ANY-related information.
ANY
Looks like the cup&handle is complete. Perfect timing for the investor conference. The handle top appears to be at 0.14 -- once we pass that we fly IMO.
Still amazed at how thin it is on any market buys.
AMDA
Ok then, we won't need to streak through the MSFT event anyway.
This thing is about to move pretty good.
ANY
ANY--new product launching with partner: Microsoft.
The chart is set for a run. There is an amazing risk:reward from current prices.
http://stockcharts.com/h-sc/ui?s=ANY&p=D&b=5&g=0&id=p69717753155
The company did financing announced yesterday placing $5M at $2/common share... higher than current market prices!
@sphere3d on twitter
ANY
I thought it'd be best that one of you asked since I'm not very tech-savvy on cloud technology (yet).
I'd want to at least mask the fact that I'm simply trying to gain exposure for ANY among real whales. Meanwhile, you guys actually seem to have legitimate curiosity.
Even if you guys provided me with a couple good questions, the given reply may warrant another good question which I don't expect I'd be able to conceive of and articulate on the fly.
Either way, it may be noteworthy that we are Top 10 on the breakout boards. Anyone who takes a second to view the chart should rush to take a position if they know what's good for them.
ANY
Glad to be here, especially with the chart shaping up as nicely as it is! It looks like we will break the 10MA today along with the slow stochs hooking off oversold, the RSI hooking off of 30 (oversold), the MACD on an uptrend and breaking above zero, and plenty of room for a nice move without factoring in ANY news.
http://schrts.co/pBcLQq (see chart)
Bring on the juicy news! The tidbit from twitter teasing a legit launch for G-cloud is pretty exciting. I look forward to seeing what they have planned.
So are there any takers to ask compelling questions about ANY during MSFT's shareholder meeting? The concept of rerouting even $1M investment dollars is tickling me to death here.
ANY
It will only happen if the share price takes a bad turn so far as to make it worth doing. So it is truly an insurance policy just incase the market so drastically mis-prices the stock - or if overall credit dries up due to economic factors - that it is worth doing versus initiating a new direct equity placement.
ANY
Who is going to ask about ANY during the MSFT shareholder meeting tomorrow?
If any of you (more) knowledgeable longs ask the right type of question, we will instantly have major whales looking into what we have going on here.
I am serious, let's figure out a way to take advantage of this tonight. Who will volunteer to ask a question?
http://www.microsoft.com/investor/InvestorServices/AnnualMeeting/default.aspx
ANY
I am driven by the same indicators. If you want to exchange ideas, contact me via skype: adamomid
AMDA
Agree 100%. Some here - who were immensely bullish as prices were dropping - seem to be losing the faith just as the real run is set to begin.
Good riddance to them if they sold recently, it's about time to move on without them.
AMDA
So it is pretty obvious that they will not be using the credit facility unless there is an emergency.
If they require more operating capital before they become cash flow neutral it will be in their favor (assuming the placement price is reasonable, above a certain amount of like $1.7ish?) to just do another private placement of shares rather than draw on the revolving credit facility, thereby increasing the share count.
ANY