Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
After hours posted today... .565... tons of shares. This is unusual only because it is so close to the closing price. Usually it is much higher or much lower. So, could speculate that it is a good thing... and crossing my fingers that this will be our new support level to move much higher. I can't help reading up on this company and realizing how fast they got things moving, they are handling many Subway locations, they have the district management giving them kudos, they have same store sale increases... and growing ticket averages. This company has delivered a tangable asset to the shareholders... I suppose what we need is more news about forthcoming growth in clients... this is the ground floor, 1 group of Subway stores, but with a push from the area leadership down in FLA, we should expect growth outside of those first 100 + - stores... in to the entire state... and eventually the entire country!
Just noticed this one... not a PR, but a simple article.
Subway to deliver
The sandwich giant launches service in Southwest Florida
by CSD Staff (editor@c-storedecisions.com)
Following the successful completion of a beta testing, about 75 Subway franchises in Southwest Florida will deliver sandwiches right to their customers' door, according to Associated Press.
The chain purchased the National-One-Number delivery hotline from Universal Delivery Solutions (UDSG), which will take the orders. The order is then processed to the store’s POS system and Subway employees deliver the sandwich. Residents of the Naples and Fort Myers areas will be able to call 1-888-SUB-TO-GO to place an order for delivery.
UDSG spokesman Ryan Coblin says the company will send mailers and flyers to 20,000 to 30,000 households near the stores’ proximity. Consumers, he says, demand convenience and new technology such as the delivery solution.
I still think .02-.05 is coming once significant PR is released... no fluff... chant it with me.
Funny... I just posted before reading this message... look how true.
FYI... I give up, I bought back in at .0058... GLTA.
Currently very strong support... I am a believer... and already missed out on nice gains... so, F*** it... I can't sit on the fence any longer.
This was quite sudden and initially on low volume. Odd, however, nice hard buying at the EOD. I am somewhat disgruntled... but there was are tons of folks buying at the ask... what more can you "ask" for. PPS must begin to rise consistently. The good news is flowing...
I may lock up some shares on this note...
I don't know what those trades are today, for each trade at the bid, there are 10x trades at the ask... very odd day. I just know that this price is definitely the right price to be buying... if it does drop... it's just a buying opp IMO.
Heavy buying today at .84... have seen a few sells at .83... no concern however, because those few sells are going to strong hands... we will continue buying today at .84 and up... and we will open Monday pushing higher after the split!
That's true... I bought a couple shares at a Penny just for fun... I was excited to help push it through a penny... and it didn't happen.
You must go back one month newbie... bought at .0004-.0009... average officially was .0008. I profited $116k from this stock... and I sold around .0075 average. In any case... I do believe in RUSH... Bob just let me down a lot recently... and I need to feel like we have lost the day traders and we are back to real traders. As I said, feeling a little bit stupid now as fence sitter, missed a nice flip at a minimum... I will be back in someday... and could be someday soon!
You should probably re-read what I said in that message... because you I didn't say "nothing"... just need something really strong... no fluff.
I actually very much agree that strong news will push .02... but we haven't seen strong news in a while. In the mean time, I am feeling like a dumb fence sitter, but I've been taught that patience on both sides is truly the most important trading tool you can have... learned this the hard way.
Real trading brought RSHN to approx .003... the consistent Friday PR releases pushed this stock hard toward .01 by gathering the eyes and money of every daytrader on the planet... and naturally this drew some real longs in along the way. So, the fair price is somewhere around .003x or low .004's until a truly fresh PR comes out... we could be bouncing around... and I can't really think of much Bob could say to bring the hype level back to where it was 30 days ago.
Wow, hard 4.56 bounce today. For a blip on the Level II... there were about 200,000 on the support for the bid at 4.56... wow.
Like I said yesterday, I am tempted to buy a large RSHN chunk... just can't do it though... I don't think a full shake out has occurred... needs to drop off the radar a little further... or, we need a substantial PR... I am waiting for either sign.
So, for those like me who have been here for a while already... we know that this thing can only go up from here... therefore, you would be a fool to leave now... patience is the only tactic that applies at this point.
Anyone buying here has a super starting point... if .0002 hits the ASK... I think it is clear all of us will be buying hundreds of millions instantly... and I would be happy to build my share count way higher... it is inevitable that we will have our day or days or weeks or months or years... just give it time!
Today's activity does look nice... it made me question my prior thoughts... however, I didn't pull the trigger... I hope this fence I am sitting on doesn't break.
Based on the repositioning of the ASK price... I suspect tomorrow will show significant signs of buying pressure before the open... and after. We are due for quite a nice day tomorrow. UDSG has typically run north and south in approx 4 day runs. So, this is day 2... we should expect some nice growth through Monday... then Tuesday will show us signs of Flat action (srong sign) or selling action (weak sign)...
Just picked up 30K at .79. I believe the balance of today and tomorrow will provide gains before the split. Following the split when shares are easier to buy, I suspect we can pull out a rally. The numbers on this company are outstanding sales wise. i would like to know more about the profit side. If sales of 88 million run through ... you have to imagine they are making quite a killing. I suspect as the subway numbers grow, other companies will have to take notice... I would like someone from Florida to test the service and let us know how professional and knowledgeable the operators are?
That is true... however, normally the stock is supposed to slowly rise back to it's "normal" PPS pre-split... with UDSG, it will be tough to figure out. I would like to buy a bunch of shares at .40... with expectations of reaching $2.50. I would imagine it's more exciting than buying shares today at .79 hoping for $4.50. The $2.50 just sounds more reachable faster... $4.50 has a sound of being difficult... we shall see. I tried buying 30,000 shares today at .79... my order sat for about 5 minutes... and for that reason only, I cancelled it. I am not sure what that means that they wouldn't fill me. I would think it means that the share price will be going up by EOD.
After hours trade of 114K shares at .73... above the bid... that should be a sign of a higher open tomorrow and higher prices throughout the day... so the trend has been. Get ready! I know after hours trades in OTC's aren't real... but they normally do help point you in the direction the stock is moving... regardless of that fact.
Discovery Labs Secures $50 Million Committed Equity Financing Facility
By PrimeZone
Last Update: 4/19/2006 4:29:10 PM Data provided by
WARRINGTON, Pa., Apr 19, 2006 (PRIMEZONE via COMTEX) -- Discovery Laboratories, Inc. (DSCO), has entered into a new Committed Equity Financing Facility (CEFF) with Kingsbridge Capital Limited, a private investment group, in which Kingsbridge has committed to provide up to $50 million of capital to support Discovery Labs' future growth through the purchase of newly issued shares of its common stock. Upon effectiveness of the new CEFF, as described below, the Company's 2004 CEFF, which presently has capital of up to $47.6 million available, will automatically terminate.
Discovery Labs will determine the exact timing, pricing and amount of any CEFF financings, subject to certain conditions. The CEFF allows Discovery Labs to raise capital, at the time, price, and in amounts deemed suitable to the Company, during a three-year period once a related registration statement is filed by Discovery Labs and declared effective by the Securities and Exchange Commission.
John G. Cooper, Executive Vice President and Chief Financial Officer of Discovery Labs, commented, "This new CEFF, coupled with our existing cash, should provide us with financial resources adequate to progress Surfaxin(r) through the final stages of the U.S. and European regulatory review and approval processes for our initial indication, Respiratory Distress Syndrome in premature infants. In addition, it will allow us to support our manufacturing and commercialization initiatives and our key SRT pipeline programs, Surfaxin for Bronchopulmonary Dysplasia and Aerosurf(tm).
This new CEFF provides potential advantages over our 2004 CEFF, including an adjusted minimum stock threshold price which gives us the ability, once effective, to access capital. In addition, the discounts to be applied to share price ranges have improved, financing tranches will be completed over an 8-day rather than 15-day period, and this new CEFF will be available into 2009 whereas the 2004 CEFF would have expired in October 2007. With this CEFF and our ability to access other traditional financing structures, we believe we are in a position to make strategic financing decisions in support of the Company's plans."
Certain details of the new CEFF are as follows:
-- For a period of three years, Discovery can access up to $50 million dollars from Kingsbridge in exchange for newly-issued shares of Discovery's common stock. Discovery may access the capital after the SEC declares effective the registration statement to be filed by Discovery covering the resale of the shares of common stock issuable in connection with the CEFF and the shares of common stock underlying the warrant discussed below.
--Discovery may access capital under the CEFF in tranches of up to the lesser of $10 million or 2.5% of Discovery's market capitalization at the time of the draw down, subject to certain conditions. Each tranche will be issued and priced over an 8-day period. The minimum acceptable purchase price, before applicable discount described below, for any shares to be issued to Kingsbridge during the 8-day period is the higher of $2.00 or 85% of the volume weighted average price of Discovery's common stock the day before the commencement of each pricing period.
-- For each day during the trading period, if the minimums described above are met, Kingsbridge will purchase shares of common stock at the volume weighted average price less discounts ranging from 6% to 10%.
-- The agreement does not generally prohibit Discovery from conducting additional debt or equity financings, shelf offerings, secondary offerings or any other fixed future-priced securities.
-- Throughout the term of the agreement, Kingsbridge is restricted from engaging in any short sale of Discovery's common stock.
-- Discovery is not obligated to utilize any of the $50 million available under the CEFF. The CEFF agreement does not contain any restrictions on Discovery's operating activities, automatic pricing resets or minimum market volume restrictions.
-- In connection with the CEFF, Discovery issued a warrant to Kingsbridge to purchase up to 490,000 shares of common stock at an exercise price of $5.6186 per share, which represents a 30% premium over the average of the closing bid prices of Discovery's common stock for the 5 trading days preceding the signing of the agreement. The exercise term of the warrant is 5 years beginning with the 6-month anniversary of the closing date of the agreement. The warrant must be exercised for cash, except in limited circumstances.
About Discovery Labs
Discovery Laboratories, Inc. is a biotechnology company developing its proprietary surfactant technology as Surfactant Replacement Therapies (SRT) for respiratory diseases. Surfactants are produced naturally in the lungs and are essential for breathing. Discovery's technology produces a precision-engineered surfactant that is designed to closely mimic the essential properties of natural human lung surfactant. Discovery believes that through its technology, pulmonary surfactants have the potential, for the first time, to address respiratory diseases where there are few or no approved therapies available.
Discovery's SRT pipeline is initially focused on the most significant respiratory conditions prevalent in the neonatal intensive care unit. Discovery's lead product, Surfaxin(r), for the prevention of Respiratory Distress Syndrome (RDS) in premature infants, has received an Approvable Letter from the FDA and is under review for approval in Europe by the EMEA. Surfaxin is also being developed for the prevention and treatment of Bronchopulmonary Dysplasia (BPD, also known as Chronic Lung Disease) in premature infants. Discovery is preparing to conduct multiple Phase 2 pilot studies with Aerosurf, aerosolized SRT administered through nasal continuous positive airway pressure (nCPAP), for the treatment of neonatal respiratory failure.
To address the various respiratory conditions affecting pediatric, young adult and adult patients in the critical care and other hospital settings, Discovery has completed a Phase 2 clinical trial to address Acute Respiratory Distress Syndrome (ARDS) in adults, and is developing aerosol formulations of SRT to address Acute Lung Injury (ALI), asthma, COPD, and other respiratory conditions.
For more information, please visit our corporate website at www.Discoverylabs.com.
To the extent that statements in this press release are not strictly historical, including statements as to business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, future collaboration agreements, the success of Discovery's product development, events conditioned on stockholder or other approval, or otherwise as to future events, all such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made. Among the factors which could affect Discovery's actual results and could cause results to differ from those contained in these forward-looking statements are the risk that financial conditions may change, risks relating to the progress of Discovery's research and development, the risk that Discovery will not be able to raise additional capital or enter into additional collaboration agreements (including strategic alliances for aerosol and Surfactant Replacement Therapies), risk that Discovery will not be able to develop a successful sales and marketing organization in a timely manner, if at all, risk that Discovery's internal sales and marketing organization will not succeed in developing market awareness of Discovery's products, risk that Discovery's internal sales and marketing organization will not be able to attract or maintain qualified personnel, risk that approval by the FDA or other health regulatory authorities of any applications filed by Discovery may be withheld, delayed and/or limited by indications or other label limitations, risks that any such regulatory authority will not approve the marketing and sale of a drug product even after acceptance of an application filed by Discovery for any such drug product, risks that Discovery's CMC will not satisfy the FDA, risk in the FDA review process generally, risks relating to the ability of Discovery's third party contract manufacturers and development partners to provide Discovery with adequate supplies of drug substance, drug products and expertise for completion of any of Discovery's clinical studies, risks relating to drug manufacturing by Discovery, risks relating to the integration of manufacturing operations into Discovery's existing operations, other risks relating to the lack of adequate supplies of drug substance and drug product for completion of any of Discovery's clinical studies, risks relating to the ability of the Company and its collaborators to develop and successfully commercialize products that will combine our drug products with innovative aerosolization technologies, risks relating to the significant, time-consuming and costly research, development, pre-clinical studies, clinical testing and regulatory approval for any products that we may develop independently or in connection with our collaboration arrangements, and risks relating to the development of competing therapies and/or technologies by other companies. Companies in the pharmaceutical and biotechnology industries have suffered significant setbacks in advanced clinical trials, even after obtaining promising earlier trial results. Data obtained from tests are susceptible to varying interpretations, which may delay, limit or prevent regulatory approval. Those associated risks and others are further described in Discovery's filings with the Securities and Exchange Commission including the most recent reports on Forms 10-K, 10-Q and 8-K, and any amendments thereto.
This news release was distributed by PrimeZone, www.primezone.com
SOURCE: Discovery Laboratories
Saying a dollar is a bit silly, but 2-5 cents is a good goal...
Dude... no one said I didn't love RUSH... damn it! I love it, I love this stock... I am trying to do the right thing by offering my opinion to help all... that is what boards are for... sorry if anyone misconstrued my commentary. I still haven't changed my mind that we have to take it easy here... I see buys at the ask for sure... but not "strong" activity... could still see further downswing. She will be due for a huge gain again sometime in the relatively near future... once Bob gets back to releasing substantial PR's... the fluffy PR's began a little while back... and have continued... I am looking for a 180 here... and I have to think that there will be fewer, meatier PR's from this point forward... so, the question is, how long until the next PR. Now that he understands the fluffiness ain't workin!
So, now it's 3pm... she's coming back down... this is the make or break point... will it break lower (much lower)... or will it gain strength... one must watch each order now to see which direction she wants to go. I will say, there was nice buying this morning, but some afternoon selling pressure came in. We have a split in just another couple days... maybe in the OTC world even a 2:1 split isn't seen as strong.
So, drinking a can of Full Throttle Fury right now (Coca-Cola Product)... and it sux. I have a stomach ache after drinking it slowly for the past hour or so. Damn, I wish I had a nice case of Rush XXX... it kept me up late at night... and it kept me fired up doing sales at work... this crap is making me feel like S*** and now I just want to be a lazy bastard...
It's nice to see RSHN hanging out at this level... all buys from this point will definitely show gains over the coming months... however, patience could be key here while you wait for a little more shake out.
I don't disagree that patience could be wearing thin here. But then I look at CNES... how long did the strong folks there hold on to gain 400%-900%... if you bought back in September 05... you could have gained about 9x your money by March 06' time frame. I think faith in BKMP could provide huge huge gains.
Looks like the run up to the split could begin now... lots of buying at the ask... we may be ready to move higher.
I can not say that the two posters are not somewhat correct. On the other hand... A group like wholefoods has a lot of local touch and interaction... they are nothing like walmart. So, when a decision comes down about a probuct they are specifically going to carry at their store... I would say they should know about within a few months. Are you then saying that any asian contracts should take 2-3 years from signing to fruition? My whole foods that I visit each week does not carry it at all yet... I go down each and every isle while spending a boat load in that store. Furthermore, the manager of the store was contacted first by phone about it (no response)... then by e-mail (response that there are no plans to carry this product), then I gave her the PR (NO RESPONSE AT ALL). I am just concerned at this time frame. 2 months after PR, not even known by the manager of the store there are plans to carry... this could take a year - or longer?
Check this PR... Marlton and Princeton Locations only... this is from February and as of Early April... they have no clue what Rush XXX is...
BLUE ISLAND, IL, Feb 06, 2006 (MARKET WIRE via COMTEX) -- RushNet, Inc. (RSHN) is pleased to announce the Mid-Atlantic Division of Whole Foods Market(R) has agreed to merchandise licensed beverages Ginseng Rush(R) and Ginseng Rush XXX(TM) at all of its 26 natural foods supermarkets serving six states and the District of Columbia. These states include Maryland, New Jersey (Marlton and Princeton locations only), Ohio and the Commonwealths of Kentucky, Pennsylvania and Virginia.
Can't make any speculation on that... they could come and go at the drop of a hat. As long as they aren't playing games like ARCA does on CNES... it's not a big deal IMO.
You must be new here... go back and review my posts. I love RSHN...and will be back in when the stock looks to be gaining strength. I just feel we are premature here... it's not ready to move higher... naturally, JMHO... could be wrong.
So, how much capacity does one brewery give us... will this support 1 state...?
My point is... the PR specifically mentions my wholefoods, marlton, NJ... and no stock and they never heard of it... and they don't have it... and they haven't responded about the PR I sent to them. That is known as one bad sign.
In any case... stop making me say bad things about this stock... it will fall from here... and it will catch at some point... but not here... let it find a home in the mid to upper .002x's... and hang out there for a few days... then get some good PR going again... good PR now will not do much unless it is meaty... and I mean better than ANYTHING we have seen so far.
So, why does my bottle say it's brewed from FLA... and it shipped from there.
This also reminds me of the Whole Foods (Marlton, NJ) PR as well. That PR is considered pretty old now. I contacted my Whole Foods Marlton store... who claimed they had plans to carry no such beverage. I am concerned about that as well. So, I sent her a copy of the PR that specifically names her store. She has not responded... that was 2 weeks ago.
If that is true... that's good news. When I got my batch from the web... it said it was produced in Florida. Did anyone get a recent shipment that can verify where the product was produced?
I am thinking we need to get back to reality with this one... this company is still in development... they had a few orders come over the internet, and they went bust... no products for weeks. I think we can all agree that Corr is no genious when it comes to running this company. Adding Lynch is legitimizing in my opinion... however, I wonder what he has put forth in relation to helping you and me gain shareholder value. He seems to be hands off with all except the financing of the brewery deal. So, we all know Asian possibilities are out there...and adding small restaurant chains is cute... but until firm contracts are signed... and the ability to produce product to satisy those contracts is ready... this stock doesn't deserve more than 10% of any of our penny stock portfolio's. Does anyone know the capacity of the brewery? Does anyone know how long until rush products are made there. Does anyone know the current estimate of the supply of the gingeng... lots of good and bad are possible now... consider this a big risk still... I may become a big buyer in the .002x's... but I still think time is needed to make a fresh run... and that time could cost us further PPS declines.