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No real reason just imo, other than they might want it to stir the investors before the conference on thursday at 1pm
I thinking news after close tomorrow Fingers crossed for something good.
Agreed I think earnings are going to be awesome and lots of short covering should help the spike
I think your right to a point but the warrants won't be nearly what they were in the past this time. Based on how many warrants have already been exercised before the due date, they have those numbers in the last quarter numbers and you can minus out how many are left based on the public financing notices. Really not too much left. Plus the fact that they exercise the warrants will add more cash to the company coffers which will decrease the chance of further dilution. IMHO
I agree I think most investors that do their dd have already priced the warrants in at the time they were announced. If they time it right and have great news that will bring in larger investment groups the small amount of warrants should be scooped up. But if there is dilution and pittley news then we could see some investors lose patience and not buy up the warrants which would drive the price down. But the good news is most of the warrants have already been sold in. There are only a few million left that can be sold in.
It is very common to have a relatively high placebo rate for study medications. The proper statistical analysis is key to determining if there is a difference, which they did with a p value less than .04. That is all the FDA or any other scientist, physician ect is interested in. That shows significant difference. Lactose intolerance is still a valid ICD 10 code so I'm not sure what you mean when you say it is not a valid disease state..? If CMS thinks it is, and they are the ones writing the checks, then that is good enough for me. Until that changes all you are showing people on this board is that you are short shares and possibly unfamiliar with the approval process of the FDA.
I am not sure what you mean.. their statics are sound. p values indicated significant change. They used proper tests for comparative statics and did not draw conclusions from insignificant results.
There is really nothing else one could desire from a phase II trial. Phase III should be interesting and on track due to the lack of potential adverse reactions propagated from the mechanism of action.
If my math is right we could see 3.00 by the end of summer. Not too much dilution left. I am betting we see 3.00 then some selling into it. Thought the inselling could happen at 2.50 either way we should see a spike before any inselling. Could be a good fall! If shares hold up to inselling we could go double q1 :)
That's correct as I understand it from their post. I think that is a good sign that he is coming on board with such a high exercise price, he wouldn't waste his time unless there were millions to be made. which would give us a double digit common price. Whoo Whoo here we come!
Sorry 17,800,000 new shares. Also When I posted that the warrants were double the cost to the financiers(good sign) proved true by this as well. :)
All good news for Patriot!
New quarterly report out! Looks good for those who care about financials. Also for those who poked fun when I said the drop was from new shares from financing warrants exercised. Vindication! And your welcome for my free opinion.
http://quicktake.morningstar.com/stocknet/secdocuments.aspx?symbol=pat&country=can
If you read the report you will not 2800000 new shares from warrants.
So based on my last post I would expect to see a large news soon, otherwise the warrant timing wouldn't make sense.
Market cap increased today with a decrease in share price, that means someone warranted in today.. really a good sign, they could've not warranted in, so while it dilutes shares its really a good sign that they are willing to spend more money to acquire the additional shares (granted at a steep discount) but still good news today for longs.
They are hosting a limited Video feed to a few investors about a presentation to Government officials. Anyone could have asked to be in on the feed but I believe the feed is now at bandwidth limit, on May 31st. Public announcements from what I gather will not be made on Thursdays but rather the first week in June. Just my 1 cent.
Just a heads up he is partially blind, and it helps him read
what he types easier, if it is in all caps.
Very nice looks like the short sell has halted, hopefully now some news and a massive short squeeze in the works!
Folks there is no need to be rude. I trust a person's opinion more if they are kind I'm their obection kind and well thought out. "Any fool can criticize and complain and most fools do" old quote that never seems to loose it's luster.
I'm guessssing we will hear news end of may or June.. since we are still pre-revenue. Either they will make an announcement or try to increase share cost for more funding, like before the last round. But I am thinking that we will see pre-order sales stats in the timeframe.. whooo whoo
very true, I think tech analysis is mostly garbage unless your trading by the hour, useless for longs.
But I agree with to the moon analysis!! 3rd quarter better get your space suits gents
End of March (24th) current over allotment ends should see upward trend heading towards the end of march, hopefully everyone held or sold high to buy more now!! Once the over allotment is passed no reason to hold shares down. Should rocket up, my guess is they will hold any sales news until that time has passed, but should keep on creeping up and up until the news.
Someone just bought 200k after hours.. nice!
MENSAC is considering purchasing materials as an off-take partner. Such arrangements are common in the natural resources development sector. They provide capital for extraction and are essentially a purchase order with some of the money received before the delivery of product. They have lots of these coming in. Which is a good sign for the company. As soon as these begin to be executed cash flow will be very, very good as implementation begins to take place. Mensac probably should not have announced the LOI as it is not legally binding until the off-take PO is signed...
Feel free to shoot me any questions thanks!
Just my 2 cents but I am fairly certain the recent drop is to make sure the warrants expire worthless or with very little premium at least. It is what I would do if I were CEO. That drastically reduces the cost of funding, and if they think they won't need more funding from that source they are okay to burn them.
So I think it is being artificially held down until the warrants expire.
I have been trying to figure out the sell off, and I think I finally have! Bam.. took some thinking of my inside investor mindset, but, the run up was likely to insure funding at a great price to the company. Now they (insiders) are selling off to ensure the warrants expire worthless. So I expect a down trend until march 23rd.
True they are given the option, but of course they will use it. But my overall point is that this is really good, not bad in the least degree. Its a 5 fold decrease in the cost of funding, compared to the last round. That would be like refinancing your home for 1/5 of your current interest rate.. which is amazing.
So to clarify an over allotment of 800,000 shares at 0.30 is really good news for investors as the premium for equity is a great value for current holders.
Its not the price of share value!!!!!! its the premium paid to the investing entity. And the premium just decreased by 5 fold just from oct 2017... that is amazing.
This is common and way better than the last warrant option from OCT 2017.
See below:
The Company has granted to the Underwriters an option (the “Over-Allotment Option”), exercisable in whole or
in part and at any time not later than 30 days after and including the Closing Date, to purchase up to either: (i) an
additional 1,252,500 Units (the “Over-Allotment Units”) at the Offering Price for additional gross proceeds of up
to $1,503,000; or (ii) 626,250 Warrants (the “Over-Allotment Warrants”) at a price of $0.06 per Over-Allotment
So even at optionable 0.30 that is a fair price and correlates with a value of around $10.00 per share.. so.. my point is be careful what you read on forums lots of novice investors.