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Matt - new title - "The patient one"
Congrats on this one!(GSAT)
That much (TMR) I was thinking of selling in the fifties.
Cool chart. I always forget about that way to overlay chart with volume. (Volume by price.)
COIN I did alot of whining this morning as the pps went down. Especially when below 1.50 Was praying it did not get to the ma50 as that is at 1.20
Come on COIN, you can do it! (COIN is the only stock I hold that is not green today)
GSAT and OSCI are making up for COIN. BTW COIN up just now!
OSCI up 30% with 6 million volume in a half hour!
We were doing very well. COIN is now down five days in a row on the daily chart. (including today) I am watching profits slip away. As long as we close above 1.50 I'll stick it out.
If they purchase the warrants that is 1.5 million more shares into the float. Money for the company, but ultimately more dilution for the shareholder. I am not trying to be negative, but think this is how most investors will feel.
I hope Chardan Capital Markets, LLC would have looked into COIN and took the shares because they expect to make a great return on the investment. They have opportunity to see inside the company. Something we can't do.
Agreed! But the company and the stock are two different animals. A company can have good fundamentals, but if investor fears dilution the share price will not rise. Not fast anyhow. This will be a longer term hold!
The pr says "the closing of the offering is expected to take place...." So the shares won't be in the market yet. If chardan thinks they shares will go up they may not sell them right away.
Yes, but we were already at two dollars and all these 8-k's are pushing us back down. They are using these shares to pay off debt. Is that at least good? I am long this stock, but wonder how long they will continue this dilution.
COIN NEWS 2nd RELEASE THIS MORNING
Converted Organics Inc. Announces Registered Direct Offering of Common Stock; Proceeds to Be Used to Retire Debt
On Wednesday May 20, 2009, 9:15 am EDT
Buzz up! Print Related:Converted Organics Inc
BOSTON--(BUSINESS WIRE)--Converted Organics Inc. (NASDAQ:COIN) announced today it has entered into definitive agreements with institutional investors to raise gross proceeds of $2,100,000, before placement agent's fees and other offering expenses, in a registered direct offering.
Related Quotes
Symbol Price Change
COIN 1.65 0.00
{"s" : "coin","k" : "c10,l10,p20,t10","o" : "","j" : ""} Under the terms of the transaction, Converted Organics will sell 1.5 million shares of its common stock for $1.40 per share. Investors will also receive short-term warrants for the purchase of one share of common stock for each share of common stock purchased. These warrants will be exercisable at any time on or after the date of issuance until August 14, 2009 at an exercise price of $1.40 per share of common stock. The warrants are callable by the Company at any time after the common stock has closed at or above $2.10 for five consecutive trading days.
The closing of the offering is expected to take place subject to the satisfaction of customary closing conditions. Chardan Capital Markets, LLC acted as the sole placement agent for this transaction.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Converted Organics Inc.
Converted Organics (NASDAQ:COIN, www.convertedorganics.com), based in Boston, MA, is dedicated to producing high-quality, all-natural, organic soil amendment and fertilizer products through food waste recycling. The Company uses its proprietary High Temperature Liquid Composting (HTLC) system, a proven, state-of-the-art microbial digestion technology, to process various biodegradable food wastes into dry pellet and liquid concentrate organic fertilizers that help grow healthier food and improve environmental quality. Converted Organics sells and distributes its environmentally-friendly fertilizer products in the retail, professional turf management, and agribusiness markets.
Converted Organics’ flagship manufacturing facility is located in Woodbridge, New Jersey. A second manufacturing site is located in Gonzales, California, and a third is under development in Johnston, Rhode Island. Converted Organics' products have been tested in numerous field trials for more than a dozen crops with the result that, on average, the net value of the farmer's crop increased 11-16 percent, depending on the particular crop and product application. This is due, in part, to the disease suppression characteristics of the product, which reduce or eliminate the need for other costly, often toxic, crop protection applications. In a number of lab and field trials, Converted Organics’ liquid product has been shown to be effective in mitigating powdery mildew, a leaf fungus that affects most plants and grasses and restricts the flow of water and nutrients to the plant. Increased use of nitrogen in commercial agriculture and turf grass applications, such as on golf courses, has reduced the soil's ability to absorb nitrogen and other nutrients. Using the products produced by Converted Organics helps restore the soil by replenishing these micronutrients. This reduces the amount of nitrogen required in a virtuous cycle that benefits from long-term use. As a result, use of the product reduces chemical run-off to streams, ponds and rivers, an objective with significant long-term benefits to the environment.
Converted Organics’ products have a long shelf life compared to many other organic fertilizers. The Company's fertilizer products can be used on a stand-alone basis or in combination with more traditional fertilizers and crop protection products. Converted Organics expects to benefit from increased regulatory focus on organic waste processing and on environmentally-friendly growing practices.
Yes, but last time didn't they sell for 1.50 Now 1.40 so value is less?
Not so great! Seems like every time they sell shares they sell them cheaper.
COIN NEWS:
Form 8-K for CONVERTED ORGANICS INC.
--------------------------------------------------------------------------------
20-May-2009
Entry into a Material Definitive Agreement, Financial Statements and Exhi
Item 1.01 Entry into a Material Definitive Agreement.
On May 19, 2009, Converted Organics Inc. ("we" or "our") entered into a Securities Purchase Agreement with four institutional investors. Pursuant to the Securities Purchase Agreement, we agreed to issue to these investors in the aggregate: (a) 1,500,000 shares of our common stock; and (b) warrants to purchase an additional 1,500,000 shares of our common stock at an exercise price of $1.40 per share ("Warrants"). The Warrants may be exercised at any time on or after their date of issuance and for a three-month period thereafter. We expect the offering close on or about May 20, 2009.
Chardan Capital Markets, LLC, as placement agent, acted on a best efforts basis for the offering and will receive a placement fee equal to $147,000.
We are making the offering and sale of the above shares and Warrants pursuant to a shelf registration statement on Form S-3 (Registration No. 333-158784) declared effective by the Securities and Exchange Commission on May 19, 2009, and a base prospectus dated as of the same date, as supplemented by a prospectus supplement to be filed with the Securities and Exchange Commission on May 20, 2009.
The descriptions of terms and conditions of the Securities Purchase Agreement and Warrants set forth herein do not purport to be complete and are qualified in their entirety by the full text of the form of Securities Purchase Agreement, which is attached hereto as Exhibit 10.1 and incorporated herein by reference and the form of the Warrants, which is attached hereto as Exhibit 4.1 and incorporated by reference herein.
A copy of the press release making the announcement of the offering is filed herewith as Exhibit 99.1 and is incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits.
Exhibits:
4.1 Form of Warrant
10.1 Form of Securities Purchase Agreement dated May 19, 2009
99.1 Press Release dated May 20, 2009.
You just might get .79 on COIN again this morning. Have you taken a look at it? Okay, maybe not .79, but a good price for sure!
And then they take it down! (COIN)
OSCI Somethings up! This thing is going to do a million shares before the market opens. Very unusual.
OSCI up 25% in premarket. The only news I see is this 8-k.
Form 8-K for OSCIENT PHARMACEUTICALS CORP
--------------------------------------------------------------------------------
19-May-2009
Other Events
ITEM 8.01. OTHER EVENTS.
On May 18, 2009 Oscient Pharmaceuticals Corporation (the "Company") received a Paragraph IV Certification Notice in accordance with 21 U.S.C. 355(j)(2)(B)(iv) from Paddock Laboratories, Inc. ("Paddock"), advising the Company of the filing of an Abbreviated New Drug Application ("ANDA") with the U.S. Food and Drug Administration ("FDA") for a generic version of ANTARA�(fenofibrate) capsules. The Company received the certification as the holder of the New Drug Application for ANTARA.
Paddock's certification notice sets forth allegations that the FDA Orange Book listed patent, U.S. Patent No. 7,101,574 (the "'574 Patent"), is invalid and/or will not be infringed by the commercial manufacture, use or sale of the drug product described in Paddock's ANDA. The '574 Patent expires in 2020.
Paddock's certification notice represents the second such notice received by the Company with respect to the '574 Patent. As previously disclosed by the Company on Form 8-K filed January 15, 2009, the Company filed a lawsuit in the United States District Court for the District of Maryland against Lupin, Ltd. and its subsidiary Lupin Pharmaceuticals, Inc. for infringement of the '574 Patent.
The Company is evaluating the Paragraph IV Certification Notice received from Paddock.
Memorial Day Contest
Looks like PIE is in the lead, greedy1 and Crable not too far behind.
Memorial Day Contest picks have been updated in the ibox. PPS and percent gain are updated to May 19th.
I am using a Yahoo Finance Portfolio to get the closing pps and percent gains from entry price. If you catch any mistakes let me know and I will check it out.
Trader
ugh, what happened to COIN?
No problem, it happens. Come back and look us over sometime!
Trader
Nice move today. But no OTCBB or Pinks allowed on this board.
Matt, Today might just be your (GSAT) day.
KOG 1.26 Golden Cross on the daily. 20dma going to cross the 200dma
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=37142210
KOG moving up nice this morning!
GSAT the outstanding is only 130.5 million. So they own more than half of all shares. Getting share price higher would certainly benefit them too.
You keep saying "look at the on balance", "look at the on balance". I need more money! There are just too many to choose from. With enough money I could buy some of each and every one of them!LOL
Trader
ibox updated
PPS for stocks on watch list have been updated.
Check out the ibox for many stocks that are still in play.
Have a question? Ask on the board! Please don't just follow us blindly. By asking questions you learn why the stock may be a good pick and are better prepared to make good choices in the future. Let's all make some green!
Trader
Contest update PIE NVGN up 127% & KOG up 13%
Looks like the leader! Link back for charts!
Trader
Memorial Day Contest picks have been udated in the ibox.
Good night. I'm off to bed, have to be at work at 11:15PM.
Majority are using .18
Yahoo Finance is now reporting .18
We already knew this right?
Alpatrade level 2 T,S&Q window shows
several small trades at .17 (15:59)
And then one trade for 14,000 shares at .18 (16:00:30)
Next trade for 10,856 shares at .18 (16:20:18)
EGT I have an .18 close on alphatrade.
KOG 1.18 Close at high of day.
And doesn't the chart look great?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=37142210