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So what. They still own about 10 million shares between them.
Charts don't work. Not with a stock that is in a holding pattern for specific news.
462.1 diluted per the 10k. So, this is what I was asking bout...and it,s slightly lower than I expected, which is good.
Cash is low...understandable given one-time costs but will be interested to hear the conference call.
I am not doubting the business model or operation. My questions was to the market cap of the company. Per the last "posted" stock outstanding, it appears that we (the market) are giving it a market cap of almost a 1/4 billion dollars. That is my issue. Just trying to find out where we are pricing it.
Thanks. I bought a while ago...Bering, pre merger so I am actually quite significantly in the money at the current share price....I just cannot tell if it's real yet. I can see a scenario whereby the stock trades up, or down 50%+ the day that data is available. GL
....sorry, meant to include this. per the 8k, they issued a total of about 476m shares per the transaction, but I cannot find the total shares outstanding anywhere. At $0.54, that would put it at a $240, isn market cap.But I know want I own, and have to assume that is but a small part of the remaining publicly held shares. Thanks.
can anyone smarter than me make out what the real market cap is? I guess I am not smart enough to figure it out. What the heck is the OS share count now?
Thx
Or, maybe my real answer is, for $5 k or so (which is not my cost basis, it's market value, but cost basis is irrelevant right now) it's worth holding the ticket.
Don't know. There has been no good info in my view since the merger was announced, and they stock has done absolutely nothing but go down. Just not really worth selling a million shards at 1/2 penny. Might as well really hold the lottery ticket. I would love to hear something from the company....other than just "new contract".
Just thought I would reply to myself....feeling lonely. Dodo...do de de dodo twiddle my thumbs oh di do...
Go iweb oh go go go.
Ok...did not mean to insult. Just meant in the stock market, $500 isn't much. Regards.
No more enthusiasm. I own a million shares at an average if about $.06. Not gunna sell because, what's the diff. And I am smart enough not to invest based on message boards, but the lack of enthusiasm here and on Yahoo says a lot...used not be multiple many messages daily on both boards....seems everyone has walked away.
More evidence to support Howe is not longer with the company. From a press release date January 29, 2014:
“We are very pleased to welcome Mr. Levitt to our team, and look forward to his participation in furthering IceWEB’s operational objectives,” stated Hal Compton, Sr., IceWEB’s Chairman and Interim CEO."
They seemed to have buried it in an unrelated press release!
http://finance.yahoo.com/news/iceweb-inc-enters-consulting-agreement-160900749.html
Wow, how do you define big bet? A $500 option trade?
Not on his linked in page. Says "past employment"
How high? Given he is no longer with the company. LOL
Jeepers! This thing is up 3x in two months. What do you guys want?
The raised money in November.
Don't listen to all the shorts. Cash burn is NOT an issue for a while...
They all say it's too high, yet they don't offer numbers or facts. Here are the facts (or best estimates, per available data).
(1) September 30, CHTP had $21 million.
(2) November 15, raised approximately $19 million
(3) The burned approximately $7.5 million in the previous 9 months (per Sept 30 10Q). That's puts an "average" burn of $833k per month.
Those are the facts based on SEC filings made by the company. Now for some extrapolation (I will model conservatively):
(1) Let's assume the burn ramped steadily during those months assuming consistent hiring). That puts the September burn at about $1.5 million per month (up from $833k average). This represents approximately a 16% ramp rate per month in opex. I have a very high level of confidence they did not increase spending that much, but we'll go with it for the naysayers.
(2) Even assuming opex / burn increased at a rate of 16% per month for the first 9 months of 2013, and it CONTINUES to increase as 16% per month, they have enough cash to get through July, slightly into August without raising another dime.This gives them ample time to shop the company....if you believe that's what they mean by "exploring strategic alternatives. I do. I also view this July deadline is way to conservative, so call it a worst-case scenario.
(3) Assume the burn rate at a static $1.5 million per month, plus a nominal 5% for inflation, raises, PDUFA celebration parties, yadda yadda yadda, and they have enough cash to get to July 2015. Call that a "best-case" scenario.
(4) So from my analysis, they have plenty of time to "explore strategic alternatives" and still ramp a parallel process with the assumption they will market the drug.
Granted this was a quick spreadsheet analysis I put together to back up my numbers, so it could probably use some minor tweaks, but given my 19+ years of financial analysis, I feel pretty good about the numbers.
There will be no dilution. CHTP will be sold and have time to get a good deal
Holding 100% through. Nervous? Yah, but holding.
Then it's not "overstated".
Understood. My point was, from your original public msg, you alluded they they will run out of cash this year (or at least that was my interpretation. My point is they data does not necessary support that conclusion.
Additionally, given no safety issues sited in the CRL, I think it's logical to also assume they will be able to raise cash, if needed, through potential partners or an acquirer.
We all have our opinions....mine is there will by no additional shareholder dilution. We'll see. I am betting on it. Bought more this morning. GL
That cash is not necessarily spent. Those are "planned expense for the next 12 months", according to the same report and page you site.
I doubt they've spent much at all, given that was from December 13, 2013 yet they clam to still have over $5 million in January.
What data do you have to support your claim that they have already burned through $3 million of the. $5.75 I said they have (from their most recent sec filings)?
According to their most recent presentation available in their website (dated January 2014...they do not post a specific date in January), they clam $5.1 million cash, which means they only burned though about $650k, not the $3 million you claim.
Thx
Doubtful. $2.5 m cash per last 10Q. Raise another net $3.25m in december. Two years cash at current burn.
Teva To Price Alexza's New Drug Adasuve At $145 Per Dose In The U.S.
From Seeking Alpha
http://seekingalpha.com/article/1992271-teva-to-price-alexzas-new-drug-adasuve-at-145-per-dose-in-the-u-s?source=kizur_seekingalpha