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Correct! I rode this one back in 2016 betting that some day they would get FDA approval for a marketable product. Now we have that marketable product and a good chunk of money to fund the pipeline for the next product. Meanwhile the stock trades at a historically deep discount to where it was without FDA approval.
I'm back in at $14.50 for the first time since 2016. Free money.
Good Luck!
04/20/2016 08:26:57 Bought 1200 CARA @ 8.98
-10,785.95 9.95 0.00
04/20/2016 08:26:57 Bought 300 CARA @ 8.97
-2,691.00 0.00 0.00
04/20/2016 09:51:48 Bought 500 CARA @ 8.51
-4,264.95 9.95 0.00
04/29/2016 12:04:51 Bought 1000 CARA @ 6.05
-6,059.95 9.95 0.00
11/16/2016 18:23:35 Sold 2500 CARA @ 12.24
30,589.38 9.95 0.67
11/18/2016 20:22:06 Sold 500 CARA @ 12.0202
6,000.02 9.95 0.13
Item 8.01 Other Information.
As previously disclosed, on August 23, 2021, Cara Therapeutics, Inc. (“Cara”) received approval of its New Drug Application for KORSUVA™ injection for the treatment of moderate-to-severe pruritus in hemodialysis patients from the U.S. Food and Drug Administration (the “Approval Milestone”). Pursuant to a securities purchase agreement (the “Purchase Agreement”) between Cara and Vifor (International) Ltd. (“Vifor Pharma”), dated October 15, 2020, Cara is eligible to receive $50 million common stock investment at a 20% premium to the 30-day trailing average price of Cara’s common stock ending on the date immediately prior to the achievement of the Approval Milestone. A description of the Purchase Agreement is included in Cara’s Current Report on Form 8-K filed with the Securities and Exchange Commission (“SEC”) on October 20, 2020 and is incorporated herein by reference.
In connection with the achievement of the Approval Milestone on August 23, 2021, Cara will receive from Vifor Pharma a $50.0 million investment in Cara’s common stock at a price of $15.23 per share, equaling 3,282,391 shares of Cara’s common stock (the “Milestone Investment”). The closing of the Milestone Investment will occur within five business days following the expiration of the requisite waiting period under the Hart-Scott-Rodino Antitrust Improvement Act of 1976.
This Current Report on Form 8-K is not an offer to sell or the solicitation of an offer to buy shares of shares of common stock or other securities of Cara.
http://archive.fast-edgar.com/20210831/ABBO422D8C22N2Z2222H2CZZBCASZ2U2D232/tm2126615d1_8k.htm
Let's just worry about $2 and $3 before we shoot for your stratospheric price targets.
But more directly YES, that would be quite awesome.
My mistake CHRSS. Sorry !
How does a a person cancel a post within the 15 minute edit time when he catches himself(me) saying something extremely stupid ?
Yes long term that's a great goal but right now my focus is preoccupied by the roll out of the global channel campaign program to be announced next week, the coverage to be initiated by the 7 firms following the company and the earnings release, all within the next month or so. It's really quite amazing to me to know what's coming soon. I would take a wild ass guess that about 10% of the people that will be very interested in this information a month from now, know now.
TJ interview July 08, 2021 link: massive amount of coverage/catalysts imminent ! Now is the time to load up.
Link to the Reddit question and answers session referenced at the tail of the interview. https://www.reddit.com/r/SPACs/comments/o6dz0y/ama9_apxt_apex_technology_acquisition_corp_with/
An accidental byproduct of the delay that may be advantageous to us is that the pipe investors may have have to wait until next year for their 6mo lock-up to expire. I haven't looked at the terms lately to know if it's actually 6mo's or 180 days. I just hope they're not shy about supporting the stock with good news when that time comes, but calculating those probabilities seem to be a time consuming exercise in futility.
Sure would have looked nice in the archives of all of those first day of trading videos if the live charts behind TJ showed the stock up a point or two rather than down 30-40c. The difference between down 30-40c and up $1-2 was only a couple legal and logical press releases informing the street that the events were going to take place.
I'm not here to beat a dead horse but TJ sure put a lot of effort into explaining the company to a much smaller audience than there would have been. I don't really blame TJ because he was busy but I'm still dumfounded how all the high profile SPAC investors and all the people that are going to be paid very well as directors, let this happen.
HOL/ASTR had a press release ready and released 8min after the START of the meeting to confirm the vote of their SPAC deal had been approved. That was good for over 40% in a few days. ASTR isn't even a information technology company whereas AVPT is; you can cut the irony with a knife!
OK hopefully this was just growing pains that won't be repeated and I'll never have to beat the dead horse again. I'm never afraid to pass out unsolicited constructive criticism on things I have a vested interest in. I like this board vs Yahoo and some of the others because there are thinkers, not just bashers/cheerleaders.
We'll do well
It is truly a monumental day for @AvePoint. I'm pleased to announce that our biz combo is official. Tomorrow, we will be publicly traded on @Nasdaq as $AVPT. Follow this thread as I prep for our bell listing ceremony https://t.co/vzKBqtOsWd#MSPartner #Microsoft365 pic.twitter.com/kt54pXKIsl
— TJ (@AVPT_TJ) July 1, 2021
Yes that had to be a horrific experience that would/should reset a persons sense of the amount of time and value of our existence .
His interview coming up on Fox business in a few minutes
CNBC closing bell within this same hour.
After watching my HOL/ASTR run from $10+ a few weeks ago to $17 today, I now think AVPT can move up to $15 within a week or two.
AVPT spiked 4 times over $17 to start this year.
https://finviz.com/quote.ashx?t=apxt&ty=c&ta=1&p=d
Good Luck!
Shouldn't have to scour the internet to get tidbits of news from a public company. Hopefully sooner rather than later AVPT will act like a public company.
Should have been a press release about the Fox news interview and Nasdaq closing bell. The stock could go to $20 next week and it still wouldn't change that fact that this company did a very sloppy job keeping the street informed of its presence.
GL!
I had a 74 without a decompression valve; not good for the arch of my foot. Next one will be a 75 with electric start from Colorado Norton Works.
I've got a lot of "small world" stories. That is why I asked about Illinois. I traded a Norton tank for some early cb750 pipes with a man down there.
GL!
For today I'll just be satisfied to see a press release stating the approval of the deal.
Norton1973 Motorcycle?
Longshot: Belong to Norton club in Illinois?
Yes thankfully that milestone has been accomplished. Hopefully we'll see their game plan executed in a very public way. Many SPACs get quiet for months on end.
GL!
Thnx. Had already deleted the e-mail with the webaddress/control number after voting. Interesting that they allow guest sign-ins.
The stock is on the radar now but is underappreciated for the amount of money that multiple big name pharma companies are throwing at them. It almost seems like one of those stocks that you spend hours looking for reasons why its price is so low, wondering what the hell you're missing, then all of a sudden the right sets of eyeballs send the stock up and past where you thought it belonged all along.
GL!
Yes they know which ballots have not been completed. I went through a failure to form a quorum with a different SPAC 6 months back because they needed, I believe 80% of the 20% being floated to form a quorum. The problem was that many of the shareholders of record were no longer shareholders, so they had no incentive to spend the time filling out the proxy.(The quorum requirement was changed to a simple 51% and the deal was done a couple weeks later.)
I think it'll get done this week on time or we would have seen a large number of PR's reminding people to vote their proxies.
Good Luck!
jsc52033
Ok I understand what you are saying but as of now no vote tally has been announced.
Norton1973
AMA#9 Nice! Thanks!
jsc52033
"The first vote a couple months ago failed as many
just did not vote."
Can you be more specific on when this happened?
Thanks!
No it spiked first then was halted due to the circuit breaker.
This stock has a habit of moving dramatically up or down ahead of news.
Not a good look if you're acting like you're trying to comply with the rules.
If WPD is the 3rd party referred to in this mornings MBRX press release and Wally was supposedly blindsided by the CV-19 effectiveness news. Maybe he should have asked more questions before he released the news as a MBRX press release.
It's not like he's an outsider at WPD,in fact he's a director.
https://www.wpdpharmaceuticals.com/about/management-board-of-directors/
I have a feeling there's going to be a lot of finger pointing between these three companies and that is not good.
Why are you telling me that? Never said anything about that.
Somehow they're going to have to get that 500k mask order through customs or they're going to lose the customer contract,customers aren't going to wait forever. By now they should be telling us what's up with the order.
Yes you are correct that GM doesn't own the plant any longer but Trump has had this location embedded in his mind when he thinks of Ohio;I've heard him mention the Lordstown plant over a dozen times in his rallies ect. ect. ect.
GM & Workhorse people obviously,through the sale of the plant,know the top contacts of their respective companies.
Workhorse can't just stay quiet so they'll have to put out some kind of press release. How will it read?
Will it say "Workhorse no longer has any financial relationship with GM so we will not be making ventilators because we are too busy trying to win government contracts with our electric trucks." ??
How will the local population(UAW workers) respond to the situation ?
Time tics by................
Government purchase/grant money,if nothing else,may inspire GM/Workhorse to answer the call to arms.
Don't get me wrong,I really hope you're right but........... $80 by Friday?
Exactly one month ago today February 28th, High $41.59 Close $21
These guys will be pumping out masks at this alarming speed or faster 1yr from today just to fill stockpiles. This pandemic isn't going to get shrugged off to find the world unprepared for the next battle/war.
GL!
Surely you jest.
$80 isn't happening but I a lot of shorts saw what can happen with this small float stock and took their chances. I think those currently short are going to regret not closing out their positions last week. More than 1/3rd of the float is short. Sounds kinda crowded to me. I'm going to see if I can grab some more Monday pre-market under $12 if I can.
Shares Float 10.60M
Short Interest (% of float 03/13/20)34.33
Best of Luck!
"I have a feeling we announce some big government orders soon"
That is very probable. I just heard Peter Navarro say on Fox-(Justice with Judge Jeanine) that China's president isn't allowing 3M masks made in China to leave the country. I would imagine that would apply to all providers of masks made in China.
Trump isn't going to relent on lambasting GM from pillar to post until the Lordstown plant is pumping out ventilators. GM will do it because it's easier than a public fight with Trump and good PR for the company. If GM says no,Trump will pull out his sharpie and sign the orders legally compelling them to comply. Only two companies Trump is pissed off about so there's no hiding in the crowed. He inferred GM is one of his two "problem children" on the way to send off the Red Cross ship this morning.
GM better get on the phone and ask Jeff Sessions for advice on how to handle public humiliation if they fight the president on this one. That I can tell you.
CNN
.@GaryTuchmanCNN is inside a factory in Salt Lake City that’s racing to make face masks during the coronavirus pandemic. Hundreds of thousands of masks are being produced per day, according to the company’s vice president. https://t.co/JVGeQwpg3e pic.twitter.com/vjq0OSCNv7
— CNN News Central (@NewsCentralCNN) March 27, 2020
I think the company is probably using the ATM quite a bit since Wednesday and for some reason will not let it run before they quit using it. Maybe worried about volume drying up? Frustrating yes
They just did a week ago. This company is profitable so they don't have to put out press releases every other day like most of the other CV19 plays are doing. We may get another soon as the virus has greatly accelerated since March 11th but they have been keeping us informed.
https://finance.yahoo.com/news/alpha-pro-tech-sees-continued-104510398.html
Soon this stock will shoot up or will be bought out. It has no choice.
Pretty strange that they're damn near using tube socks and motorcycle helmets in ER rooms while this company will be able to sell everything they can make from now until the 2yr stockpiling future slows down.
Odd
I see that now.
Troubling
Board Appointments
The Company is pleased to welcome Walter Kemp and Peter Novak to its Board of Directors. The Company expects that their collective experience and expertise in the pharmaceuticals industry will bring invaluable contributions to its future growth and development.
https://finance.yahoo.com/news/wpd-pharmaceuticals-provides-2019-corporate-080510104.html
My GUESS is MBRX is the money raising arm of what eventually be a single company. Who gets what and how much of it they get is unclear.
Filing for a patent isn't the same as being granted a patent. Those that get trapped in the stock today might be able to get some money back when WPD releases the same news on or about Tuesday.
" A significant portion of the accounts payable and accrued expenses are due to work performed in relation to our clinical trials. For the years ended December 31, 2019 and 2018, we used approximately $17.2 million and $12.2 million of cash in operating activities, respectively, which represents cash outlays for research and development and general and administrative expenses in such periods. The increase in 2019 reflects the increase in clinical and preclinical activity over 2018. For the year ended December 31, 2019, net proceeds from financing activities were $20.9 million, predominately from the sale of our common stock and warrants. In 2018, approximately $12.0 million was raised predominately through the sale of shares of common stock and the exercise of warrants. Cash used in investing activities for the year ended December 31, 2019 was approximately $0.05 million primarily for the purchases of employee computer equipment and office furniture.
We believe that our cash resources as of December 31, 2019, along with the additional funding received subsequent to year-end, will be sufficient to meet our projected operating requirements towards the end of the third quarter of 2020. This expectation does not consider unplanned preclinical and clinical activity, additional funding, including but not limited to, equity issuances including the use of the Lincoln Park or ATM facilities."
Same news as 2 days ago that our partner is repeating. Yes it is weird how they hated the news then but love it now. Markets are bipolar.
Sadly they can't cancel the vote on the RS because even if the stock closes over $1 everyday next week it will only be 9days,not the 10 needed to regain compliance. So 1 week from Monday(the vote)they will ask for approval;they have no choice. They don't have to use it but they'll want to have the ability to do it.
I only have a small position and actually bought before looking into whether their technology is patented. Can anyone just copy their method and do the same thing? Like maybe the Chinese.
Beautifully worded press release that tells us everything we wanted to know. And eased concerns of issues we feared most. I hope to free up cash elsewhere to add.
GL!
Crcook
I was in CODX for the last year. Everyone was trained to buy under $1.20 and sell the pops at $1.70+. I woke up one morning and it was trading at $3.50 (up $2.40) pre-mkt. I sold 1/3 at that price,rode it under $2 on an offering and sold the rest when it went back to $3. I left $200k on the table when it ran to $20+. The company did a great job of promoting and raised money 3 times over the next month at $6ish and $9.
That is the difference with this company.Everyone is trained to sell the pops while the company is lagging on promotion and will not allow the stock to rally before they raise again via the ATM. Some day and I think it'll be soon,management will set floors on price they are willing to sell and move the price of that floor up as the street learns that the stock can hold it's gains. They need to get out there and promote more as they did yesterday. If they do,they can float more stock at $10+ later this month.
Lets hope they start thinking a little harder one of these days.
Best of Luck!