Oramed Pharmaceuticals Inc (ORMP)

[Amatuer17]

I think this is a good opportunity to buy the stock. Here is why I think that

1. This s-3 activation is related to S-3 mentioned in 8-k on Feb 3rd

2. On Feb 4th co issued a new 8-k clarifying that this is not a new sale but sale by warrant holders by exercising warrants issued in 2018

3. The total shares that can be sold by warrant holders is 3 million shares and they cannot sale all at once - there is daily limit.

4. The warrants were exercisable @ $7.25 per share (unless it was reduced later which I could not find)

5. The 3 million share represent a 10% dilution (not much in my view) but company will get $20 million plus if the price is still $7.25

I like this dip as - company gets new funds, it clears old warrants and start with clean slate and good funding.

When good results come in later part of the year, they can raise money at market price and get better deal.

I will wait for the price to go down and buy some more