Tuesday, October 24, 2017 1:59:14 PM
Earnings will be out soon, so lets see if revenues can hold, and how well the company did this past quarter, in cutting expenses. (Cutting expenses by that predicted 25% plus, will be a big positive here, as the company progresses.)
Personally, I'm seeing way more positives than negatives, so I will add on any drops in PPS. Having a MC of $15M, for this company is very reasonable, if not quite undervaluing of the future potential heading into the new year.
OPGN has a solid management team, and with the backing of Merck to a certain extent, they are a steal in the .30 range or lower.
We are holding quite nicely above the 50DMA, and any positive news/events should continue to strengthen this base, and move us up to the next level. (Need to break that .41 on the next push.)
Only slight concern I have in the back of my head, is the need to raise more capital as we head into the beginning of 2018. Even in doing so, it's not much of a concern because the current 51M OS is quite low in regards to this industry, so I'm comfortable with an increase as OPGN heads towards profitability by late 2018.
Based on the current situation, the company had enough to fund operations through the 3rd & 4th quarters. Dependent on how well they did by reducing expenses, possibly they have enough until Feb 2018, and we will have a better idea when we see the numbers.
In regards to raising more capital, the sting of increasing the OS would be greatly reduced if Merck and Jven are the primary sources when the time comes. Not a bad position to be in, whatsoever.
Cad
Recent OPGN News
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 08/28/2024 04:59:54 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/22/2024 09:24:23 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/19/2024 09:23:14 PM
- Form 10-Q/A - Quarterly report [Sections 13 or 15(d)]: [Amend] • Edgar (US Regulatory) • 08/19/2024 08:56:09 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/19/2024 08:15:30 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/15/2024 08:39:45 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 08/14/2024 08:05:29 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/02/2024 09:28:32 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/01/2024 09:25:45 PM
- Form SC 13D/A - General Statement of Acquisition of Beneficial Ownership: [Amend] • Edgar (US Regulatory) • 08/01/2024 09:25:39 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/08/2024 08:30:34 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/11/2024 08:15:18 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/03/2024 08:01:21 PM
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 05/30/2024 08:30:30 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/24/2024 08:30:33 PM
- OpGen Receives Expected Nasdaq Notice Regarding Delayed Form 10-Q • GlobeNewswire Inc. • 05/24/2024 08:05:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/22/2024 08:15:20 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 05/17/2024 09:02:10 PM
- OpGen Announced 1-for-10 Reverse Stock Split • GlobeNewswire Inc. • 05/16/2024 11:00:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/14/2024 08:30:23 PM
- OpGen Provides Update on Business Operations and Strategic Opportunities • GlobeNewswire Inc. • 04/29/2024 08:05:00 PM
- OpGen Receives Nasdaq Notice Regarding Delayed Form 10-K • GlobeNewswire Inc. • 04/23/2024 08:15:00 PM
- Shares Rip In Reaction To Activist Investor Becoming CEO • AllPennyStocks.com • 03/26/2024 08:20:00 PM
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