Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Shocked on that move with the offering
Any idea what that PIR says?
I just love, love, love my escrows that were deemed worthless and taken out of my account. I feel a payday around the corner of exactly $0 with more promises of riches beyond the horizon
Happy New Year to all on the AMERICA IS Under Siege board. Be safe over the long weekend
(:>) Happy New Year L2R
They do have a stock offering and RS proposal of 1:3 to 1:40 Mtg on 1/9/23 https://www.otcmarkets.com/filing/html?id=16270622&guid=oQl-k6_mgT12dth
Yup
I agree. They shoot themselves in the foot and kill shareholders. I sold what I had earlier @6.80 and though about getting back in in the 5's. Glad I held off
Carlsbad, CA, Dec. 30, 2022 (GLOBE NEWSWIRE) -- Palisade Bio, Inc. (Nasdaq: PALI), a clinical stage biopharmaceutical company advancing therapies for acute and chronic gastrointestinal (GI) complications, is announcing today that it has entered into definitive agreements with institutional investors for the purchase of 1,052,631 shares of common stock (or certain pre-funded warrants in lieu thereof) in a registered direct offering and concurrent private placement, at a purchase price per common share of $2.375. Certain investors will receive unregistered pre-funded warrants in the private placement in lieu of common stock, subject to beneficial ownership limitations. The company has also agreed to issue to the investors, in the private placement, unregistered warrants to purchase up to 1,052,631 shares of common stock (the “Common Warrants”). These Common Warrants will have a term of five (5) years and an exercise price of $2.375 per share. Accordingly, the company entered into agreements to sell (i) an aggregate of 513,842 shares of registered common stock and pre-funded warrants to purchase common stock, (ii) pre-funded warrants that are not registered to purchase an aggregate of 538,789 shares of common stock, and (iii) 1,052,631 unregistered Common Warrants. The closing of the offering is expected to take place on or about January 4, 2022, subject to the satisfaction of customary closing conditions.
PALI just dropped an offering @ 2.37
Or Preferred stock: What is Participating Preferred Stock?
Participating preferred stock gives the holder the right to a specific dividend which is separate from the dividends common stockholders receive and is also received before common stockholders. It is a clause that also gives preferred stock holders priority of accumulated dividends over common stockholders in the event that the underlying asset is faced with a liquidity event.
More specifically, the dividend that participating preferred stockholders receive is equal to the amount or rate that preferred stockholders receive and obtain another dividend that is determined from a condition in the clauses of the participating preferred stock.
Participating Preferred Stock
In addition to receiving a specific dividend and being given preference in liquidation events, participating preferred stockholders can also choose between two preferences: the optional conversion preference or the liquidation preference mentioned above.
For the optional conversion preference, the participating preferred stockholder owns the right to convert all of their existing participating preferred shares into common stock. Whereas for the liquidation preference, participating preferred stockholders are given the right to receive the capital they invested into the company first during a liquidity event.
In the case of a 2x liquidation preference, the participating preferred stockholders would get twice the amount of capital they contributed to the company (assuming there are enough funds to satisfy this requirement).
Also, after the liquidation preference is satisfied and there is leftover capital from the liquidation, the leftover capital will be shared between the common stockholder and the participating preferred stockholders under the assumption that all participating preferred stocks would be converted into common shares.
Participating Preferred Stock in Practice
In practice, participating preferred stocks are typically used by venture capital firms and private equity firms. Venture capital firms and private equity firms take on a significant amount of risk when pursuing investments. Participating preferred stocks are a method by which venture capital and private equity firms can hedge against their portfolio risks when investing.
Companies sometimes use participating preferred stocks as a method to get a higher valuation. Typically, the cost of capital for preferred shares is lower than that of common shares; thus, issuing preferred shares can be a method of lowering a company’s weight average cost of capital (WACC) in order to achieve a higher valuation.
In addition, the funding achieved through participating preferred stocks may be the only large financing available to a company if they are particularly young, like a start-up. The financing from participating preferred stocks may lead to an increase in the top line of a company, enhanced research and development, and more efficient operations.
I think that's what I stated earlier? (8>) But who knows
I guess we'll find out soon. lol
MrC, it's not like this has been a plan for the last 6 mos. This has been a 5 year process, so who knows if they are coordinating these events concurrently or consecutively
Just to announce FID, I cannot see any reason for delay. Now if they are coordinating FID with RM and uplist to a higher exchange, they need to have audited financials for the co that is RM into shell. That could be a delay in order to have everything ready. JMO
I think some of you are selling DeSantis short in a presidential run. He has served as a congressman, 2 terms, and 1 full term as governor, with 2 more years this term, if he decides to run. Also served in the military
He has ample experience and ability to be elected as POTUS and be successful. imo
Ivermectin also has had positive studies on cancer.
Good idea! I'll buy his one way ticket. lol
The Dems would love to see the GOP split into 2 parts. That is why they support 3rd parties and RINOs to wreck havoc on our elections and keep themselves in power. If we do not unite behind a Trump, DeSantis (my preferred) or another Trump like candidate, we will lose again. imo
The Dems would love to see the GOP split into 2 parts. That is why they support 3rd parties and RINOs to wreck havoc on our elections and keep themselves in power. If we do not unite behind a Trump, DeSantis (my preferred) or another Trump like candidate, we will lose again. imo
Well, it may be, but it's a construct that most conservatives recognize and work within the confines to bring about a directional change, back to the right. And the only ones that can get elected BTW
Many do, and that, many times makes it very hard to convince otherwise.
"Now this guy has a good heart "
IMO Trump either needs to run as a repub. or sit down and shut up if he does not win the primary. The GOP nominee should be supported by all sides to break the dems control and reverse the last 2, (then 4) years
I have seen more folks wear masks here (not a great deal) lately. Makes you want to get real close to them and sneeze. lol j/k
Yup, some folks stubbornly hold to a wrong philosophy or narrative, no matter what words of truth are presented to them.
"there is no sense arguing with him you can not convince him he is wrong"
5 years! Time goes by so quickly. Congrats to you and others for keeping this board going
Elon Musk Says "Almost Every Conspiracy Theory That People Had About Twitter Turned Out To Be True"
https://www.zerohedge.com/technology/elon-musk-says-almost-every-conspiracy-theory-people-had-about-twitter-turned-out-be
“Is there a conspiracy theory about Twitter that didn’t turn out to be true? So far, they’ve all turned out to be true. If not more true than people thought.”
Elon Musk Says "Almost Every Conspiracy Theory That People Had About Twitter Turned Out To Be True"
https://www.zerohedge.com/technology/elon-musk-says-almost-every-conspiracy-theory-people-had-about-twitter-turned-out-be
“Is there a conspiracy theory about Twitter that didn’t turn out to be true? So far, they’ve all turned out to be true. If not more true than people thought.”
He needed a bigger truck, much, much bigger. lol
The only time that becomes widespread is when there are a lot of ARM mortgages. Most, even now are at fixed rates much lower than current, and no matter if they lose 20-30, even 40% of appraised value, if the borrower is able to make payments on the mortgage, they will, in hopes the market value returns
I hope your Christmas was wonderful and as we look to the New Year, may God richly bless.
Yes, I agree it is not a good rule, but neither is the 3000 loss limit per year, having to carryover anything above that amount to the next proceeding year(s)
lol Merry Cristmas
(8>) Jer 20:9(b) But his word was in mine heart as a burning fire shut up in my bones, and I was weary with forbearing, and I could not stay.
You know scripture works, because he keeps on bringing it up, it continues to bring conviction, and it bothers him.
Isaiah 55: [8] For my thoughts are not your thoughts, neither are your ways my ways, saith the LORD.
[9] For as the heavens are higher than the earth, so are my ways higher than your ways, and my thoughts than your thoughts.
[10] For as the rain cometh down, and the snow from heaven, and returneth not thither, but watereth the earth, and maketh it bring forth and bud, that it may give seed to the sower, and bread to the eater:
[11] So shall my word be that goeth forth out of my mouth: it shall not return unto me void, but it shall accomplish that which I please, and it shall prosper in the thing whereto I sent it.
Merry Christmas to all! Whether saved or lost, bond or free, bible believer or bible rejecter. Have a blessed Christmas day
Usually it's only about 10% if I'm not mistaken. Never been in that situation however
Markets closed the 26th fwiw