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GOVX was up 25% today. Doesn't matter if it's a NYSE company or a pink sheet company the money is still green and the money doesn't know what exchange it's traded on. My account has a lot more in it today then it did yesterday.
My take on today's news - it is significant as another piece to the puzzle but as a stand alone it's not a big deal. Just a supply agreement. It does portend bigger news.
Seems like a certainty govx will get funding. If they are part of that initiative it's a whole new level. Double digit stock price possible.
Thanks for the opinion. I'll give it the consideration it deserves.
This is a risk/reward investment. I said that from the start. Huge upside potential. You keep talking about INO and I smile everytime you do. INO is $2 billion market cap. A lot of it based on vaccine hype. GOVX is $4 million. What do you think happens if/when GOVX gets funding? If it goes to only $8 million I make 100% return. There is a lot of space between $4 million and $2 billion. I'm here for the risk/reward. If you can't handle it pull up a chair and watch.
Thank you. My first boss out of college was a legendary Wall Street analyst. One of the first things he taught me,and I remember the conversation decades later, was read the footnotes in the SEC filings. That's where all the good information is.
The most relevant part of the amended 10-k is the convertible preferred info. I assumed they were converting but apparently not. It's good news and bad news.
Bad news - Sabby didn't convert. I would just like to be done with Sabby and move on. We still have that overhang although it's only $300k.
Good news - Sabby didnt convert. Looks like they are waiting for the funding news too and expect positive things. Also, I was expecting conversion below 0.20 which would mean more dilution. If they stock can hold these levels or higher when Sabby does convert it will be less dilution.
Overall not much has changed. It is still all about the funding. If we get funding news everything will take care of itself.
Are you ready? I'm about to drop some science fiction on you. But first I will give you advice to read the footnotes to item 12. They explain the table assumes conversion. But here is the math.
Sabby with 725,800 is 4.99% of shares outstanding in that table.
Shares outstanding as of 4/24 is 13,819,101
13,819,101 x 0.499 = 689,573. That is not 725,800!
However 13,819,101 + 725,800 = 14,544,901
14,544,901 x .0499 = 725,791. They rounded up to 725,800 in the table.
Sabby currently has no common shares. The table assumes maximum conversion to 4.99%
Here is footnote 1. I've put in bold the relevant word.
This table is based upon information supplied by officers and directors, and with respect to principal stockholders, Schedules 13D and 13G filed with the SEC. Beneficial ownership is determined in accordance with the rules of the SEC. Applicable percentage ownership is based on 13,819,101 shares of Common Stock outstanding as of April 24, 2020. In computing the number of shares beneficially owned by a person and the percentage ownership of that person, shares of Common Stock subject to options or warrants currently exercisable, or exercisable within 60 days of April 24, 2020, as well as shares of preferred stock which may be converted (subject to specified limits) at any time at the option of the holder, are deemed outstanding.
You are wrong. They currently have no shares. Only the preferred and options. That table assumes conversion. I already posted the language but I'll prove it to you with math when I get back from walking my dog.
Wrong again. They can convert at 80% of the lowest vwap for the 10 previous trading days. So they wait for the news and stock to spike. Then they convert. They still get the lower price.
Incorrect. 725,800 is the maximum they can convert without exceeding 4.99% ownership. That table assumes conversion as per the paragraph below.
"In computing the number of shares beneficially owned by a person and the percentage ownership of that person, shares of Common Stock subject to options or warrants currently exercisable, or exercisable within 60 days of April 24, 2020, as well as shares of preferred stock which may be converted (subject to specified limits) at any time at the option of the holder, are deemed outstanding."
Sabby didn't convert. I guess they are waiting for the funding which is a positive. However I wish they were out of the way already.
The selling pressure has subsided but I think it will take some news to get the rally going. Obviously funding would do it but in the meantime an 8k with update on preferred conversion would be nice. I'm ok with a few cents up each day until the real news.
Math is science fiction. That's what you are going with?
$0.80 is a 400% return off the lows.
Stock has gone up 50%. Sabby was sitting on the offer down to $.20. I watched it. Day after day. Look at the chart including volume. The story is there if you can read it. They are mostly cleaned up now. That's why the move in the last week.
Sabby is essentially done. Might have small size to dribble out but no longer a big factor.
Only 100k. Was tempted to buy more but stayed disciplined.
I'm long 100k.
Suuuure....exactly the same.
Stop living in the past. Everything is Covid 24/7. Imagine a CEO of a $3 million market cap company goes on Fox news and says the government just gave them $20 million to develop a vaccine. It will get crazy.
1000%+ is plausible. $3 share price x 15 million shares out is $45 million market cap. Very doable for microcap biotech. The key is getting the government funding. GOVX has applied for $20 million. What type of a multiple would the market put on $20 million? $3 could be conservative.
It really is. I wouldn't mind a few more days of it creeping up before the funding news lights the fuse. No more overhang from preferred. $20 million from government followed by Dodd on Fox news again. Hold onto your hat. This will be epic.
It is not "bankrupt". It's UNTRUE!!!!!
I'm buying stock in tissue companies. Looks like there is going to be a lot of crying as GOVX takes off.
15 million is the float. The other numbers you are mentioning are wrong.
15 million float.
Definitely not 20 million. On 3/21/20 there was 13.8 million shares and $300k preferred. The lowest vwap since then was $0.19. $0.19 x 80% = $0.152. $300,000/0.152 = 1.9 million shares. 1.9 million + 13.8 million = 15.7 million shares outstanding. When they update us with sec filing it will be close to that number. Math is fun and more accurate then just making stuff up.
It's exactly because of the convertible. You don't understand the mechanics. Go read the sec filings. You can read every detail in the convertible contract. No investor is going to get involved behind it. That's why it's called a death spiral.
However GOVX was able to escape due to the increased volume over the coronavirus. Dodd's fox interviews drove volume which allowed converts to sell. There are now no more converts and GOVX has a second chance.
Because of the death spiral financing. Nobody is going to invest behind that. It's a stock crusher. You witnessed it first hand. It is gone now and GOVX has an opportunity at a fresh start. Gov funding will lead to a real eguity raise. Company will be capitalized and move forward on their vaccines. You can get in on bottom floor now. Huge upside potential.
The by far number one reason was the death spiral financing. That was the reason for share price decline. That was the reason for the reverse splits. That was the reason the company couldn't raise capital. That is now gone. Company has a great chance to recover now that it is cleaned up.
The by far number one reason was the death spiral financing. That was the reason for share price decline. That was the reason for the reverse splits. That was the reason the company couldn't raise capital. That is now gone. Company has a great chance to recover now that it is cleaned up.
You clearly don't understand death spiral financings. Go read the sec documents. All the details of the financing is there. The convertible has been driving the stock down. That overhang is no longer an issue.
The majority of the billions allocated for a vaccine have not been dispersed yet. GOVX will receive government funding to proceed with the vaccine development. The more companies working on a vaccine the better. There are no assurances the big pharma companies will succeed.
Govx very low float. Only 14 million shares. The overhang from the convertible has been cleaned up.
Gov funding will light the fuse on this stock. Plenty of upside.
Buwhaaa, lol
Dodd did his interviews yesterday and the stock is up 25% today. Tell me more about how he said the wrong thing. Buwhaaa lol!
I'll rake that pot. Bwuhaaa, lol.
Investor relations (IR) is a strategic management responsibility that is capable of integrating finance, communication, marketing and securities law compliance to enable the most effective two-way communication between a company, the financial community, and other constituencies, which ultimately contributes to a company's securities achieving fair valuation.
Looks like preferred is cleaned up. I'd like to see an 8k confirming that. My guess will be 16 million shares outstanding. CDEL no longer sitting on the ask. They still have supply but just dribbling it out. I'm loving the set up here. Funding lights the fuse.
Just for fun let's do some math. If they get $20 million funding I would guess the market would put a 4x multiple on that. $80 million divided by 16 million shares = $5 stock. Obviously a lot needs to happen but it is plausible.
Public companies are required by law to disclose their finances. Dodd did a great job with the interview. Increased awareness of GOVX. Explained the situation the company is waiting on funding. More investors are now aware of the company so when they do get funding the stock will take off. If anyone wants to educate themselves on how the stock market works a good place to start would be to Google "Investor Relations".
Investor relations (IR) is a strategic management responsibility that is capable of integrating finance, communication, marketing and securities law compliance to enable the most effective two-way communication between a company, the financial community, and other constituencies, which ultimately contributes to a company's securities achieving fair valuation.