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Looks good to me.
I am just looking for ANY press release.
Is there another presentation later this week by Alf Poor, Ideanomics CEO?
Or was last week's presentation the only one?
Thanks in advance.
If you are long the stock, then you can sell calls not puts. If you are short the stock, then you can sell puts.
Then sell covered calls and get paid to wait.
GLTA.
20+ now after hours. Good luck to all.
Shares outstanding are 8.82 million.
Float is 1.74 million.
Check out the "Statistics" tab on the Yahoo finance quote page.
GLTA.
Brand new Bitcoin mining play, they are going after 10% of worldwide hashrate for Bitcoin. They are planning to be a $1Billion market cap stock in 3 years per their PR today. This stock could be a 20 bagger (20X ) in 3 years or less.
GLTA.
Float only 1.74 million shares.
I am thinking that this could go back down to the $2.40 level again while the selling keeps continuing? What am I missing? I like this story stock and would like to get in.
Thanks in advance.
Did I read the 8K correctly that was issued on 12/1/2020, that said the company could sell up to $40 million of shares ATM (At The Market)? The current market cap is $100 million with about 23.7 million shares outstanding. If the company sells an additional $40 million dollars worth of shares from time to time, then wouldn't the share price go down substantially due to all this extra dilution?
What do others think?
From the 8K on 12/1/20:
On December 1, 2020, Oramed Pharmaceuticals Inc. (the “Company”) entered into an equity distribution agreement (the “Equity Distribution Agreement”) with Canaccord Genuity LLC, as agent (“Canaccord Genuity”), pursuant to which the Company may issue and sell shares of its common stock having an aggregate offering price of up to $40 million from time to time through Canaccord Genuity. The Equity Distribution Agreement will replace that certain Equity Distribution Agreement, dated as of September 5, 2019 (the “2019 Equity Distribution Agreement”), between the Company and Canaccord Genuity, as amended, once it has been exhausted. From December 2, 2019 through December 1, 2020, the Company sold an aggregate of 2,212,621 shares of common stock pursuant to the 2019 Equity Distribution Agreement for aggregate gross proceeds of $10,641,934, and as a result an aggregate of $4,358,066 remains available for sale under the 2019 Equity Distribution Agreement in addition to the $40,000,000 that the Company may offer and sell under the Equity Distribution Agreement.
Any sales of shares of common stock pursuant to the Equity Distribution Agreement will be made under the Company’s currently effective shelf registration statement on Form S-3 (File No. 333-236194), the prospectus contained therein and the prospectus supplement dated and filed on December 1, 2020. Canaccord Genuity may sell common stock (A) in privately negotiated transactions with the Company’s consent; (B) as block transactions; or (C) by any other method permitted by law deemed to be an “at the market offering” as defined in Rule 415(a)(4) promulgated under the Securities Act of 1933, as amended, including sales made directly on The Nasdaq Capital Market or sales made into any other existing trading market for the Company’s common stock. Subject to the terms and conditions of the Equity Distribution Agreement, Canaccord Genuity will use its commercially reasonable efforts to sell the shares of the Company’s common stock from time to time, based upon the Company’s instructions (including any price, time or size limits or other parameters or conditions that the Company may impose). The Company will pay to Canaccord Genuity a cash commission of 3.0% of the gross proceeds from the sale of any shares of common stock by Canaccord Genuity under the Equity Distribution Agreement. The Company will also reimburse Canaccord Genuity for certain specified expenses in connection with entering into the Equity Distribution Agreement. The Company and Canaccord Genuity have also provided each other with customary indemnification rights.
The Company is not obligated to make any sales of common stock under the Equity Distribution Agreement and no assurance can be given that the Company will sell any shares under the Equity Distribution Agreement, or, if it does, as to the price or amount of shares that the Company will sell, or the dates on which any such sales will take place. The Equity Distribution Agreement may be terminated by either party at any time upon five days’ notice to the other party, or by Canaccord Genuity at any time in certain circumstances.
The foregoing description of the Equity Distribution Agreement is not complete and is qualified in its entirety by reference to the full text of the Equity Distribution Agreement, a copy of which is filed as Exhibit 1.1 to this Current Report on Form 8-K and is incorporated herein by reference.
This Current Report on Form 8-K shall not constitute an offer to sell or the solicitation of an offer to buy 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.
$4.00 looks like a great support area. However if goes below 4.00, looks like it will hit the 3.00 area in about 2 months afterwards.
Are there any near term catalysts in 1Q 2021?
Looks like the company sells shares when at the 4.50+ range, and it will be safe to buy at the 4.00 area.
Well, good luck.
Maybe he has Covid. More than likely he is out of cash. Also those "bulk" miners he bought about a year ago are more than likely obsolete now, and wouldn't be too profitable, if at all due to local electric prices. I think the CEO has put this hobby company of his on the way back burner...
I keep watching, have no stake anymore for more than a year, but still keep watching it.
GLTA. I think you're really gonna need it. I really don't have any faith in Spencer.
Any year now!!!
The miners they supposedly bought "in bulk" last year are most likely obsolete already and will not generate any profits relative to the electrical power and hashrate demands currently. And, they never said how many they bought. It could be perhaps 25 miners only. Need proof please.
Right now there is just a shell of a building and a lot of broken promises for over a year now. They were supposed to be fully up and mining by 4th Q 2019 (one year ago).
Watching, but need real proof. I will not throw any good money after bad right now.
Clay is out with his 4.15 red line resistance area that he labels "public enemy number one". Only shorters and their pals would refer to any break above this line as an enemy, since they would then have to then cover for a loss. He and his buddies are looking to short now and watch it go below 3.85 into the previous range so he can make money from scared longs selling.
Tooooooo obvious!!!
I never like when this guy shows up.
Option sellers keeping it at 4.00 so puts and calls both expire worthless on Friday.
I love the volatility of RIOT. It keeps the option prices high for selling of weekly calls. Almost 5 - 7% return per week.
GLTA
Agreed.
Looks like option sellers are trying to pin this a 4.00 for weekly expiration on Friday.
Clay does not like us. He is setting up his people to short this. That is why he calls resistance lines "public enemy number one".
Does anyone know EXACTLY what day MVIS comes out with earnings and their announcement?
Thank you for posting that information. It was very helpful to shareholders :)
Please keep 'em coming.
Does this hit 10 cents tomorrow?
Looks like wrong company. Sorry. Old news.
Natron Energy Announces First-Ever UL Listed Sodium-Ion Battery
Sep. 24, 2020-- Natron Energy, the world’s leading supplier of high-power, long-life and fire-safe Sodium-ion batteries using Prussian blue chemistry, announced today that it has achieved a UL (Underwriters Laboratories) listing for its BlueTray™ 4000 battery —a first for the industry and a major leap forward for safe, nonflammable battery technology that can be easily integrated into data centers and telecom companies at scale.
...
The BlueTray™ 4000 Rack-Mounted Battery Pack is now commercially available for shipment. It is the first-ever Sodium-ion battery to achieve a 1973 certification from UL, the definitive third-party evaluation of battery product safety. Natron’s battery cells are also the first battery cells to publicly disclose the results of rigorous UL 9540A fire testing on the new UL 9540A database. Starting October 1, fire departments and local permitting agencies are invited to review Natron’s results on UL’s website.
...
Last week, Natron announced that it was awarded a competitive $20 million award from the U.S. Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E) to expand commercial production of its battery pack. Earlier this year, a $35 million infusion of Series-D funding enabled the company to produce commercial quantities of the battery at its Santa Clara, CA, facility for the first time.
What announcement?
Well, that was fun. On to the next one.
Right now they are making us $0 per year.
Results out Friday September 18.
Nice run starting week of Sept 14-18.
No wonder Steve wants us to keep buying the dips.
But how much profit? If you are correct, then get a lot tomorrow.
GLTA
Part II is more downside.
Closed at 2.39 after hours. Tomorrow should be a good day.
Just went over $2.38.