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Abbott (NYSE: ABT) announced today that the U.S. Food and Drug Administration (FDA) has issued Emergency Use Authorization (EUA) for the fastest available molecular point-of-care test for the detection of novel coronavirus (COVID-19), delivering positive results in as little as five minutes and negative results in 13 minutes. The test will run on the company's ID NOW™ platform, providing rapid results in a wide range of healthcare settings such as physicians' offices, urgent care clinics and hospital emergency departments.
Game over.
Anyone know why CETV is down so much today?
On Tuesday Armistice Capital sold 23,514,440 shares at an average price of $1.41.
They know a windfall when they see it.
Regarding the misinformation on the warrants.
They were issued with a $1.86 exercise price, but since then AYTU did a 1:20 reverse split. This multiplied the 1.86 by 20 - or $37.20. The exercise price of the warrants is $37.20.
AYTU has a long list of products, but not a single one is for testing. Suddenly they are into testing? hmmmmmmmm
https://aytubio.com/products/marketed-products/
LOL on 'every minute counts' Thanks for the chuckle.
Plenty of rapid tests hitting the market. AYTU is late to that party. But not too late to the daytrader mania party. They sure could use some more cash!
https://www.thehealthsite.com/news/coronavirus-outbreak-new-test-kit-can-detect-the-virus-in-just-15-minutes-726531/
Oh sorry. Somehow I thought that was new.
https://seekingalpha.com/article/4324481-co-diagnostics-coronavirus-test-is-likely-ineffective-1-price-target
Pretty grim outlook. Not sure I can argue with this article much.
Dilution machine.
IBIO now has 10 times the shares they had just 2 years ago. As recently as November they sold more than 50mm shares (including warrants) at $0.22/share.
And now more on the way per the new S-3.
Buyer Beware.
You guys are getting a little ahead of yourselves. CODX does not yet have permissions to sell their equipment. They will not be getting revenues from this outbreak.
Not new? Revenues are zilch.
Co-Diagnostics (CODX) might interest some here. It's a Utah-based nasdaq stock that has run up 800% over the past several weeks (and sold stock) into the Covid-19 drama.
We have Jason Briggs, Peter DiChiara, Reed Benson, Clavo Rico, Lynn Briggs. Some of these folks can be linked to Regis Possino, Mark Harris and Bryant Cragun. Etc.
The CTO, Brent Satterfield, is the author of Faith to Produce Miracles. https://faithtoproducemiracles.com/. He also is the sole developer of this technology.
"Our scientists were the first to understand the complex mathematics of DNA test design, to “engineer” a DNA test and to automate algorithms that rapidly screen millions of possible options to pinpoint the optimum design. Dr. Satterfield, our Chief Technology Officer, developed the Company’s intellectual property consisting of the predictive mathematical algorithms and proprietary reagents used in the testing process, which together represent a major advance in Polymerase Chain Reaction (“PCR”) testing systems."
Perhaps a tad over-stated.
Today's Form 4 from SC Fundamental Value Fund.
"This "exit" Form 4 is being filed on a voluntary basis to report solely that the Reporting Persons are no longer subject to Section 16 reporting obligations."
The Fund had owned TMRC since 2014.
Owned 5.7% in 2015.
17.1% in 2016.
21.0% in 2017.
20.9% in 2018.
16.9% in February 2019
6.0% in November 2019
2.0% on 12/27/19
0.0% on 1/6/20
I wouldn't use Wall Street Reporter as background. It has no credibility. It is a paid promotion company. CYDY is paying them for the exposure. In fact, it's not great that CYDY is even on there.
Does anyone see any information of True North Financial LLC? Who are they?
Confused about the address of the company.
From the 10K: Our headquarters are located at 539 El Paso Street, Sierra Blanca, Texas 79851.
But also from the 10-K
"516 South Spring Avenue Tyler, Texas 75702
(Address of Principal Executive Offices"
Google Street view is indicating that the Sierra Blanca site is a run down truck stop, but I might have the wrong spot.
Maybe I'm wrong. I just saw the difference address.
My apologies:
https://www.bloomberg.com/profile/company/1699199D:US
That's a different company.
I'll do some more research and get back with you.
I hear you loud and clear but they simply will not be able to hold to 5 million. They are in direct and substantial violation of their agreements with the convertible note-holders, who are not in the business of working with the company.
They will enforce their contractual rights. I'm sure they are doing so right now.
I don't know if you are posting this misinformation in order to intentionally fool other people or because you are badly misinformed.
CEI is subject to horrendous dilution. It is a king of dilution. No one should ever buy this stock.
Don't let the 5 million share cap fool anyone. That won't last long as it is expressly contrary to agreements they have signed. If they don't capitulate soon they will be sued, and they will lose.
My guess is they will have 100 million outstanding by the end of Q1 2020.
Sorry, but too many people have been hurt by this stock.
CTIB up 100% today to $1.25 as of this moment.
News that they signed letter of intent to sell Mexico operations, but no dollar amount mentioned.
There's no doubt that the convertible holders can legally force the company to authorize more shares. Might take a bit of time, but the end result will be hundreds of millions of shares and then another reverse split.
BXRX (Baudax Bio) spun-off from REPH (Recro Pharma) a few days ago. Price started at around $4.50 but is now, 2 days later, about $6.50.
I'm new to the situation. Anyone familiar with it or have a sense of the right value for BXRX?
Thanks.
Huge volume. Not from i-hubbers apparently.
Is there a fundamental reason for the spike in ASTC? Were earnings good. Certainly the MIA item was known earlier, no?
Hey Whip:
I know the shares exist, but who owns them. If all under 5%, that's a lot of holders. Otherwise, the ownership should be filed as the officers already did.
Thanks.
Is that meant to answer my question, cause I don't understand how that explains the missing 60% of the shares.
My question is where are the rest of the shares? The filings show 3 people with holdings of about 2,000,000 shares each - about 35%. The float is under 1,000,000 - about 5%.
Where is the other 60%?
My question is where are the rest of the shares? The filings show 3 people with holdings of about 2,000,000 shares each - about 35%. The float is under 1,000,000 - about 5%.
Where is the other 60%?
Would someone please explain to me about the 'net of discount' on KPAY's convertible note liability.
The 10Q shows convertible notes of $1,297,750 but it says this is net of discount of $1,553,928.
What does this mean? How did it come to be this?
There's also a 'derivative liability' of $3,720,000. What is this?
Thanks.
Sun is coming out now at Hood River. It has been such a disappointing September though.
Thank you, Janice and Hanibal. That's what I get also. I'll see about ordering a paper copy. Sheeshhh!
Help with Nevada SOS.
NaturalShrimp (SHMP) has a new preferred which I'm trying to view at Nevada SOS. I'm able to see this filing on a list, with an icon that says "View'.
However I can't seem to actually view it. You guys are the experts so I thought I'd beg here.
https://esos.nv.gov/EntitySearch/
I see a new Certificate of Designation listed at Nevada SOS, but can't figure out how to view it.
https://esos.nv.gov/EntitySearch/
Does anyone see the terms of the Series C Preferred? I think it's a new series.
tia
I missed the connection of Stellar to Costello. So many posts. Would you mind repeating?
I said an amount that an acquirer pays or that shareholders get other than in silly penny-land.
You folks are not listening. Still haven't seen an example. And hilariously, the one you cited doesn't even have a $5mm silly penny market cap.
My point is that while CNWHF may have an $80mm market cap right now, there is no case for its fundamental, long-term value to be anything over 10 cents.
In fact, it was nearly 10 cents just 2 weeks ago - not to mention sub-penny as recently as June! Nothing has happened since that time to warrant an 8x or 800x increase in market cap?
Such silly pennies. I don't understand why people reach for these outlandish justifications. It's 100% nonsense.
Thank you.