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May find out tomorrow. Pretty clear accumulation is happening. The question is why. I'm a believer in volume before price so something tells me updates are close.
Held Strong and green on day. Should see a huge EOW push tomorrow into long weekend.
Holding strong. Going to add more before day is up. Will be interesting to see if we see buying like yesterday into close.
no trading Friday - I'm sure people are going to want to have shares through long weekend in case there's an announcement
Think we'll get afternoon volume like yesterday?
Nice bid - may get to .30 today
Huge buy today - eye emoji. Ask wall close to down. May be last chance for shares down here. We'll see.
Took small position - may get more if volume continues to pour in. Clearly something is up
Interesting looking stuff here. Like the float and story but stock may have ran too much for my appetite. Seems like some downside risk with how thin it trades. Will keep watch.
This thing has been methodically accumulated at a pretty low volume for two weeks now. Either it's completely random or someone is accumulating right around a penny without setting off any alarm bells. Guess we'll see...
This thing has been methodically accumulated at a pretty low volume for two weeks now. Either it's completely random or someone is accumulating right around a penny without setting off any alarm bells. Guess we'll see...
What a crazy P&D and the guy who was doing it is all of a sudden gone. Crazy.
Thx for update. Do you know how many on IOS?
FWIW I downloaded platform last week to test the simulations. Want to do more this week but platform is super slick and easy to use and for paying customers link and transact thru app.
One thing I've been wondering is if they are an acquisition/merger target for this platform. Seems like a technology someone would want to buy up.
Just a Sunday thought.
The pump machine is strong here - never seen such a dedicated board. Do you guys sleep haha
What a strange week here. Decent amount of volume. Could be nothing but wondering if someone was accumulating and or trying to get out. Time will tell.
Look at how tight this is coiled. No shares available. This will move up fast with any buying pressure. People who want shares should grab them now.
It's a Contingent Value Right Stock tied to performances of acquisitions - severely under priced to normal CVRs and tied to great company with low float
This is the email:
no new CVR LGNDZ shares were issued as part of acquisition of Icagen.
Patrick O’Brien
SVP Investor Relations
Ligand Pharmaceuticals, Inc.
3911 Sorrento Valley Boulevard, Suite 110
San Diego, CA 92121
O: (858) 550-7768
M: (650) 393-0030
Just heard from IR - they confirmed no new LGNDZ shares were issued as part of acquisition. Great news!
Comon - I believe in this but that's not realistic. Steady upward movement as more people discover should be the plan
10 cents before lunch?
Not a warrant - Contingent Value. Warrent stocks end in "W". CV pays out if certain thresholds are met either one time or annually.
Probably both but people feel the CVR is undervalued - still trying to figure out exactly what it's tied to. Some CVRs at other companies trade at much higher valuations compared to parent stock.
Thanks. So does that mean LGNDZ performance is tied strictly to Neurogen performance?
Due to it being CVR to distinguish from regular stock
https://www.investopedia.com/ask/answers/06/nasdaqfifthletter.asp
Doing some more DD - do we know if they issued CVR as part of the acquisition? Seems like that may be the "Additional Payment if certain milestones are met part". Based on how they have structured previous acquisitions they included CVR in there. I can't say for sure which is which and still can't find the parameters that apply to LGNDZ - date, milestones, etc. Anyone help here?
Main difference appears to be share structure and volume and I am assuming contingency details but not sure. LGNDZ has a higher float but much more volume.
Still trying to understand the contingent items for strike that are in play. Anyone have resources for that?
Seems like a lot of good DD here. Help me out. Why did warrants all of a sudden become more valuable. I know acquisition but the main stock was already at a high value. Just curious what changed. Last time the stock popped it dropped right back down. What is different?
This looks interesting but that question is lingering. Thanks for help.
Thanks a lot - will do some DD
Is there any chance of an offering here? Seems like a great opportunity but seen a lot of companies doing offerings that see big jumps and don't want to get burned. Thank you in advance.
Agreed on the share structure. I just don't understand posting a 500K block personally. If the company wasn't very responsive and looked like it was diluting massive shares I'd be worried, but I'm willing to give them the benefit of the doubt given the circumstances outside their control with CV19. Pilot app continues to be updated as well. We'll see.
Lack of updates sinking this. CEO sure did get quiet after selling those shares last week. Hope that's not a coincidence.
Held strong today. Very clear there's some manipulation going on holding it here or buying up shares before news. Tick tock.
https://www.nbdr.co/investor-relations/#companies
The video with CEO is pretty good and has a lot of info on tests and plan. Starts around 30 min mark. Guy seems to know what he's talking about and opportunities but judge for yourself.
https://www.bioworld.com/COVID19diagnostics
They are on this list regarding the tests. And if you believe the CEO - the tests just arrived yesterday and I'm sure there's a lot of work to distribute and coordinate. All a guess but I imagine he's busy and has shown he will update when warranted.
We'll see but I think some sort of patience has been earned here. But to each their own.
What in your opinion would be "Something to show"
Agreed - it's holding nicely with low volume but everyone is waiting for that next update. It can run up really quickly with some volume bc of the float. Doesn't take 100M days just 20M and this thing jumps.
CEO has done a good job to date providing updates. Feels like we're due.
GL
Also, IMO if he really wanted out he'd be selling on the bid and in smaller blocks. Seems like MM games but obviously just a guess. Continuing to watch...
Will be interesting to see if those continue to be accumulated like they have been earlier this week.
Will be interesting to see if those continue to be accumulated like they have been earlier this week.