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December, not Denver. Ought to call them "Not too smart" phones.
Thanks. Keepsmiling indicated his belief that if AVH gets up to around .80/sh it would be included in the ASX200. If not Denver, soon thereafter.
Hopefully the money you lose here will be a learning experience.
You need to read company financial filings. They have to do an RS for two reasons. Main reason is to cover the recently issued shares and warrants. They have no choice in this, read their recent S-1. 2nd reason is to maintain their NASDAQ listing. Listing on NASDAQ was another totally incompetent decision by management. Should have waited until they had the revenues to support continued listing. Been good money after bad ever since. Money that could have been spent on sales. Worst management team ever.
Nope, they meant what was stated in an official SEC filing. A 1 for 8 RS would get SP up to around $1.30.
They should move to Australia. That way this would swirl down the toilet counter clockwise. Be back to .20c a month after the RS.
Posted on EDGAR. Just filed the audited 20-F, year end.
Must be a pony in here somewhere.
You realize Maxim is the same entity handling the equity raise? Of course the have a buy rating on it, they have millions if shares to get rid of. They'd love to sell you some.
Since the study is designed to gather data to support a PMA or 510k the answer is maybe, maybe not. If the FDA approves the PMA based on data gathered, then they would be able to go directly to market after approval. But the FDA can always require further data subsequent to their review, possibly another trial. With all the data they've already gathered and the acceptance of Recell to date, I'd guess their chances of just having to do this one trial are decent. Time will tell, no sure answer.
Works for me.
Oh and, GO ASTROS!!!
Even if they do decide to do another equity raise to advance other uses, it will take a much smaller dilution at current prices.
For me, the easy money will have been made by end of year. Don't think a buyout will happen until sometime next year. I'd take $34 a share next June. Doubles and triples get harder from here.
Odd that people always seem to ask why a stock goes down but rarely why it went up over 30% in 2 weeks. Answer to the 2nd half of that statement will usually explain the first part. My answer is that it's not clear to me why. What is clear to me is that I believe it will be much higher a year from now.
The AVH ordinary shares outstanding are around 1.875 billion. Insider unregistered shares and options add about 8% for fully diluted or just over 2 billion. Considering some of the insiders have 20+ years tied up in this endeavor, not too bad. Especially this early in the commercial stage. Do not believe there are any outstanding warrants.
You can find this info at the bottom of cleansing notices filed by insiders on ASX.
I see the product possibly having a future, don't have much hope for the company. As I've said before I still believe it's a great product. The psychological benefits it offers patients truly motivated to get clean is truly powerful. But they've never recovered from the screwing they got from the FDA in 2013. With $50mil from Braeburn and the buzz around it at that time they had a decent chance of success. But it's been one stumble after another ever since. The moves they've made lately would have been great 3 years ago. Hard to see how they keep the doors open much longer. They've screwed every shareholder they've ever had.
Sorry, but I'd already said where to look. Seemed like you were asking me to do your DD for you, so there's that. No offense but I know this one chapter and verse. Been out for about 3 years now. Invest with caution and alacrity.
There are several companys listed on their main page that they have represented in secondary offerings. Pull up those companies and take a look at their charts. You'll have to actually exert yourself a little.
Suggest you pull up Maxim Groups website. Compare the stock charts for companies for which they have handled recent secondary offerings. You will notice they are all similar. Much higher on the left side of the chart than the right side.
fbs, flip if you can for a profit, you won't be getting rich here.
Grab your ankles and get ready for the Maxim pump and dump.
So Maxim, the company handing the recent equity offering thinks you should buy? Now there's an arms length agreement if I ever heard of one. And Empery Asset Mgmt., a NYC property management group just filed a 13G for 3.3 mil shares + the associated warrants. This thing gets weirder every day.
Thanks tdeck, as always your DD is exceptional. I put my target out there as something worriers can hang their hat on, but I believe we'll get your 10 by Xmas and at this point I won't be surprised if we make 11 by turkey day. Going to bite the bullet and start buying more in my MERRILL account, bastards. Cheers.
Slow server, oops.
Nope, haven't forgotten any of that.
Assuming those 80 have completed VAC by end of year I expect virtually all burn centers to be in house by end of Q3 March 2020. At that point it will be clear to all that Recell will be SOC and projections become a lot clearer for the burn market revenues. That's how I came up with my $10/sh by April 2020 estimate last year. Fundamentals will support that price by then IMO. That does not include all the other things in the hopper or the momo money that will come in based on articles like the ones we're seeing now. So very conservative estimate. Needless to say I'm quite comfortable holding for the long term.
Hope we "know more" because the other thing would likely not be good. Just kidding.
Any bets on whether they can actually close this deal?
Sure looks like a short squeeze.
Or just scoop them up out of bankruptcy, most likely at this point. 20-1 reverse split coming. Hindenburg here they come. Oh the humanity.
Amen Mony, and thanks Pete.
41 was the number in the 4th qtr report. The report was posted on July 31st. The information therein is for the period ending June 30th. The upcoming report on Oct 31st will contain info for the period July 1st through Sept 30th. So the new report will be for the 3 months encompassed by the 1st qtr. 41 was the number of burn centers signed at the end of June.
Oops, sorry for multiple posts
That's a summary of the annual report (audited version filed on ASX couple days ago). Any info it contains would be as of June 30th, end of fiscal year.
This is the audited version. Likely some minor changes, no biggie.
Totally agree, it's already multiples less than the current alternatives and reduces hospital, patient and insurer costs.
It's pick your poison, from the S1-A:
The Class C Warrants will be exercisable beginning on the date our stockholders approve either an increase in the number of our authorized shares of common stock or a reverse stock split, in either case in an amount sufficient to permit the exercise in full of the Class C Warrants, and will expire on the fifth anniversary of the original issuance date.
Then there's the EU with more than double US population. You get the idea
Population of Japan is about double that of UK. And they might be able to negotiate a slightly better price there.
Granted, the change would bring the sale price up to .30/sh, but with the warrants the buyer ultimately gets 2 for the price of one. Good luck.
But who knows if and when, but they amended the shares and warrants down from 33/33mm to 20/20mm, so they have a schnook on the hook.