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QSIM Bounce!
QSIM On the fritz again.
SRUP @ .0666 from .80 in 4 days.
SRUP Mega Bouncer?
QSIM Choo Choo!
QSIM Exploding.
QSIM this is far from done. She moves fast.
QSIM Great entry on a bouncer!
Added 120K @ .0126
GBSND Reversal.
GBSND Added. Will bounce at some point, and will go big.
GBSND NEWS! Retracting their S-1, no longer need the cash! This is good news. Gap up.
Great Basin Scientific, Inc. (OTCQB:GBSND), a molecular diagnostics company, announced today that it has submitted a request to the Securities and Exchange Commission to withdraw its S-1 Registration Statement on file with the SEC for a planned $8 million equity financing. The Company also announced an amendment agreement with holders of its 2016 Convertible Note. The Company currently has $58 million in restricted cash from the 2016 Convertible Note financing.
"We are pleased that our operating cash needs to date have been below forecast. As a result, we determined the additional funds were unnecessary at this time and have decided not to proceed with the planned financing," said Jeff Rona, chief financial officer of Great Basin Scientific. "We are especially encouraged by the higher-than-expected efficiency of the instruments we placed at our customer sites, making it possible to potentially meet our revenue targets manufacturing fewer instruments."
The Company previously announced its intent to raise additional funds when it entered into the Convertible Note financing in July of 2016. At that time, the Company expected that additional capital was needed to fund operations in late 2016 and early 2017 until the 2016 Notes began to amortize in January 2017, and cash in the Company's restricted accounts incrementally became available pursuant to the terms of the 2016 Notes. However, the early release of restrictions on some cash in the restricted accounts, and the Company's belief that the rest of the restrictions on cash in the Company's restricted accounts will be released on a timely basis to fund operations going forward, has led the Company's management to believe that further financing is not required at this time.
"We are gratified by the support of our Noteholders and look forward to working with them to make 2017 a very successful year as we anticipate expanding our menu of FDA-cleared assays from four to six," said Ryan Ashton, co-founder and chief executive officer of Great Basin Scientific. "In addition to our four FDA-cleared and commercialized diagnostic assays, last month we submitted our Stool Bacterial Pathogens Panel to the FDA for 510(k) clearance, and we expect to submit our Bordetella Direct Test to the FDA very soon."
The Company expects to enter into discussions with the Noteholders to revise the schedule for the release of restrictions for funds in the restricted accounts and to amend the equity conditions for the release of such restrictions, as outlined in the 2016 Notes, and expects to amend the notes in relation to these terms in the coming weeks. Currently, the Company does not meet the equity conditions for the release of restrictions on funds under the 2016 Notes, but management believes that Noteholders are receptive to amending or waiving those conditions and that funds will be available on a timely basis to continue to finance the Company's ongoing operations. If the Company is unsuccessful in obtaining such amendments or waivers, then management will have to consider alternative financing at that time.
GBSND Could blow today! Down 93% in 3 days.
ADHC 9.5mil supp
ADHC Ready to go!
PSNX Will explode today.
PSNX CHOO CHOO!
Added.
HIRU Bids building for EoD HoD Push.
DLCR Choo Choo!
DLCR 17mil Bid @ .0012, bottom is in?
DLCR Going back up.
DLCR Mega Bouncer.
DLCR 13mil bid @ .0012
DLCR 9mil Bid @ .0012!
This will go back up in no time
Maybe we will see some actual news to accompany this A/S increase. I wouldnt be surprised, why would they want to dilute this low.
The increase isn't much considering some stocks have multiple Billions. I'm not too worried about it.
DLCR New HoD, fixin to EXPLODE.
DLCR New HoD.
DLCR Choo Choo!
DLCR Bid building for bounce.
DLCR Strange Trading. Making a move.
TLOG Holy Sh*t.
Patience on this one..
Im a realist, and for us to get anywhere near that, we need a proven green-week and to break the 50dma and stay above it. Then with time, we might have a chance. I dont plan on staying that long.
If we smash through the 50dma @ .0085, buckle your seat belts!
I see pre-market T-trades but no gaps yet... im only using Etrade though..
ASTI End of the Year MONSTER!
ASTI Great volume on huge reversal ;-D