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Any idea who's selling? is the company diluting shares?
R/S anywhere between 1:30 - 1:3000 is disastrous for shares'holders.
I heard CEO approved for R/S in 2016 with big ratio. Do you know where I can find the exact R/S ratio? Thanks.
From the 10q released in Nov, 2015. I added all debts from 18 notes and the debt is around $12M. So $10M is about right, just before he paid any debt off, i think.
That's what I'm hoping and waiting for
same question i have in mind. not sure why he's not taking advantage of the low pps with settlement money.
DRIO & DECN are 2 stickers worth to take a look at.
Np. Thanks for posting about coming R/S on ADMD. I was able to get out safely this morning. I wasn't aware of the R/S coming. I was in ADMD, like a year ago, and didn't follow its day-to-day price.
10q will be out 40-45 days after the last day of the quarter, so probably May 15 to May 20.
OS at that time is only 1/10 of OS today. $6 at that time equal to $0.60 now. 0.00xx is so CHEAP!
If all (or most) of 18 notes (from last 10q) no longer on the next 10q, the pps should be at least 1-3 cents. If it shows company have millions cash on hands, then should it be 10cents? I guess depending on how much cash they have then.
TK
If 90% paid, the remaining 10% of debt is $1.2M (as of Sept 30, 2015), if converted at avg pps $.001, then it would be $1.2B shares added (will add ) to the OS after the settlement. Someone said OS was 200M (OS at 175M on Nov 11, 2015) at the time of the settlement. So, maybe when OS is around 1.5B shares, the debt conversions are done or almost done.
I guess, we'll know when the 10q out around May 15,which is 42 days away.
It could be that. But if the company has money to pay them off, I think they would accept the payments since all they want is their money back plus interest. From the last 10q that ended Sept 30, 2015, total liabilities were around $12M.
Would you also ask him why they need to dilute shares after they have settlement money from Microsoft. I read someone on this board said the CEO used the settlement money to pay all notes'holders (except only one, who would hold for long term). I'm confusing if the OS increased after the settlement in Jan.
Thanks in advance.
TK
VNDM shouldn't be diluter if I understand correctly that the debts already paid off (except for 1 holder that want to keep shares for long term) using the settlement money. I wonder what's that VNDM shares come from, can it be from MM trying to hold the PPS down? It shouldn't be from the company since they already have money, they don't need to sell shares now, they need to buy shares instead. Am I wrong about this? or VNDM could be a retail shareholder bought a lot at 0.0002?
Fidelity is better than etrade, its commission is only $7.95 and mostly no restrictions.
That's good to hear. Nasdaq isn't far away, I guess. This one has a lot of potential.
Let hope the CEO knows how to use the settlement money wisely to reduce the AS and buy back shares while they're still very dirt cheap. Then SFOR can move to Nasdaq easily.
Yep, I don't think the settlement is less than $20M. I hope at least $50M.
That would make the pps should be around 5cents.
If settlement is $5M, and let say OS is 1B shares, PPS should be at $0.005
If settlement is $10M, PPS should be $0.01
If settlement is $20M, PPS should be $0.02
if settlement is $100M, PPS should be at $0.10
so with pps 0.0007 - 0.002 are very cheap, jmho.
Hope you guys right. I'm in.
Thanks maronti. I don't have PM.
I'm on sideline for now...wait for better entry.
The old wavSTAT already had FDA approval back in 2009 and before that, not sure about this wavSTAT4, wonder if the company plans to submit a PMA for FDA approval this year.
Mkt Cap < $2.5M is way undervalued for this 30+ patents & CANCER screening device!!!
from NICE website: http://www.evidence.nhs.uk/Search?q=wavstat
13M Vol isn't note holders, it's retail sellers only, imo.
Great! SCIE can go up now. Every day, the volume is about 20M or less, which is less than 5%-7%of the OS. There aren't many flippers in this stock. Flippers hold only a tiny percentage of the OS, which is good! Lot of Medical Doctors are long term shares holders of this medical device company, make me have more confidence in this company, for sure.
This stock is for people with long term view, JMHO.
I added more this morning too! Very undervalued at these prices. My first batch of buy was at 2 cents almost a year ago. I've been averaged down since then... this is one of my long term stocks.
Look at the little vol. Noone selling. Lot of great traders in this stock! Will be back to the 80s soon
$45M equity offerings, so I think it's going to be $175M OS instead... does this company worth $150M mkt cap without CE or FDA submissions yet...i wonder.
Current OS is 102M shares (from octmarkets.com), after offering, will be more. That put mkt cap around $100M. No CE & No FDA submissions yet.
A little expensive here...
PPS of $0.02 - $0.04 as of now, is what i think. When we get sales in EU, it should be more & when 510k submitted to FDA...wew, much more... at least $0.10 no doubt.
That even better! Current Mkt Cap < $4M, which is very low, it should be around $12 - $20M IMO, which make the PPS around $0.02 - $0.04 and still very conservative.
With PPS @ $0.01 (and AS=700M in mind)
Mkt Cap = $3M if OS=300M
Mkt Cap = $4M if OS=400M
Mkt Cap = $5M if OS=500M
30+ patents
Cancer screened Device is ready!
VERY UNDERVALUED is all I can say!
This is a BUY & HOLD for long term, wait until WavSTAT4 will be available in the US. $1Bil market cap at least, JMHO.
Thanks.
TK
do you have a link to this $3pps buyout offer or reject from company?
What does Mgmt thinking to increase AS to 3B? To scare shareholders?
1B is max for an OTC bio co.
Several medical doctors bought into $SCIE for long term hold. They know the device and the its near future.
The PPS will be $1, just a matter of time.