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L2 looks great for a major reversal run this afternoon.
Ok. Listen please. The pullback had to happen due to price increases over the past week. Also the Canadian MJ sector had a dip because insiders watched how the institutional investors would react. Things are going to be green from here. Trust your instincts. If you feel sell, do it. You feel buy, do it. Every choice we make is an impact you have to live with.
Great post. You are correct. We are good. I'm in at 460 shares @12. Things will work out.
$12 is a great entry. This company is just getting started with their real potential. GLTA
PR Release. See below.
Synthetic Biologics Announces Closing of $18,639,000 Public OfferingFont size: A | A | A
1:30 PM ET 10/15/18 | PR Newswire
RELATED QUOTES
1:23 PM ET 10/15/18
Symbol Last % Chg
SYN
0.88 -3.01%
Quotes delayed at least 15 minutes
ROCKVILLE, Md., Oct. 15, 2018 /PRNewswire/ -- Synthetic Biologics, Inc. (NYSE American: SYN) ("Synthetic Biologics" or the "Company"), a late-stage clinical company focused on developing therapeutics designed to preserve the microbiome to protect and restore the health of patients, announced today the closing of its previously announced underwritten public offering with expected total gross proceeds of approximately $18,639,000 before deducting underwriting discounts, commissions and other offering expenses payable by the Company. The Company expects to use the net proceeds from this offering to fund its and its subsidiaries' preclinical and clinical programs and for working capital and general corporate purposes, including to acquire, license or invest in complementary businesses, technologies, product candidates or other intellectual property.
The securities offered by the Company consist of (i) Class A Units consisting of 2,520,000 shares of Common Stock and Warrants to purchase 2,520,000 shares of Common Stock at a combined price of $1.15 per Class A Unit, and (ii) Class B Units consisting of 15,723 shares of Series B Convertible Preferred Stock, with a stated value of $1,000 per share, and convertible into an aggregate of 13,672,173 shares of Common Stock, and Warrants to purchase 13,672,173 shares of Common Stock. The Warrants will have an exercise price of $1.38, will be exercisable upon issuance and will expire five years from the date of issuance. The Company granted the underwriters a 45-day option to purchase up to 2,428,825 shares of Common Stock and/or additional Warrants to purchase up to 2,428,825 additional shares of Common Stock, which is 15% of the Common Stock, Warrants and/or Common Stock issuable upon conversion of the Series B Convertible Preferred Stock included in the Class B Units sold in the offering. The underwriters partially exercised the over-allotment option by electing to purchase from the Company additional Warrants to purchase 1,807,826 shares of Common Stock. The offering, including the Warrants purchased in the partial exercise of the over-allotment option, closed on October 15, 2018.
A.G.P./Alliance Global Partners acted as the sole book-running manager for the offering.
The offering was made pursuant to an effective registration statement on Form S-1 (No. 333-227400) previously filed with the U.S. Securities and Exchange Commission (the "SEC") and declared effective on October 10, 2018. A final prospectus relating to the offering was filed with the SEC on October 12, 2018 and is available on the SEC's website located at http://www.sec.gov. Electronic copies of the preliminary prospectus and the final prospectus may be obtained, when available, by contacting A.G.P./Alliance Global Partners, 590 Madison Avenue, 36th Floor, New York, NY 10022 or via telephone at 212-624-2006 or email: prospectus@allianceg.com.
This press release 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.
Remember that the Warrant Exercise Price is $1.38. The warrants cant get exercised until that price hits. At a minimum, we will see $1.38 soon.
Never have I ever seen so many Bids get through so easily on a stock.
Thanks for the update. A little behind here in Iraq.
Triple Bottom is complete over the past 3 days. Meaning that we are at Bullish Momentum and a major run could happen. I believe Friday will be a good turning point for forward momentum. The company has a lot of positive projects going on and we are just waiting for that next PR. GLTA.
https://www.barchart.com/stocks/quotes/MLHC
$6.00 Premarket. Today is going to be huge.
The chase is on!!!!!! AH is going to be bigger...
Just wait and see how much this goes up in After Hours. Sellers will regret it.
Judge granted a stay until 17 Oct (next hearing date). This is great. No more illegal action going to be taking pace.
Today and tomorrow should be easy green days with a slam dunk arbitration case today. We should expect constant updated from the company. GLTA.
More Gaps have been filled and movement is looking great for upper movement this afternoon.
Looking good on the Ask slapping so far.
Movement will pickup after lunch and we should be back in the green.
L2 shifted nicely. Reversal is about to happen.
Your absolutely right. The CEO has everything under control and lined up for the hearing this week. It is a slam dunk. If real investors did their DD, they know that there is nothing to worry about here. That is why I dropped 8K into this yesterday. I didn't get in at the .70-.90 bargain rate. However, I still bought in at the right time IMHO. We will see the $5 range with ease very soon. GLTA.
We should see $2-$3 minimum by end of the week. The litigation will take 3-6 months. However, the Company has an air tight case. People will regret not getting in at the ground level of this reversal, back to $6. GLTA.
#8 on the Breakout Board....
Should see some nice movement after lunch.
New News Release!!!!
https://finance.yahoo.com/news/international-cannabis-reports-greek-government-040500547.html?.tsrc=rss
The list keeps on growing for this hidden gem. We are going to see huge movement here within the next couple of weeks leading up to October 17th.
More positive information about the company. This is a simple buy for investors. http://stockreads.com/Stock-Newsletter.aspx?id=91930
Up 38% the last two trading days. I can't wait to see how much we go up leading to the Oct 17th Legalization. People that sold for quick beer money will be regretting it. This stock has only been trading for 30 days and it has been making major moves. I can see us in the $2-$3 zone prior to October 17th. After that, we are going to see a massive uptrend. GLTA.
As of now L2 is showing Ask (.5813 for 1K shares), ($1.00 for 100 shares.) and ($1.50 for 100 shares). Today may be a huge day for KNHBF. GLTA.
As of now L2 is showing Ask (.90 for 1K shares) and (.95 for 1K shares.) then we are back in the $1 zone.
L2 was looking great at the close. I anticipate a nice breakout today with new volume highs. GLTA.
L2 was looking good at the close. I anticipate another breakout today. GLTA.