TG Therapeutics Inc (TGTX)

[Ecomike]

I have actually seen several stocks go up after a R/S. Depends on the price before the R/S, and news. I look at market cap range before an after as my guide.

The deed is done. The trading symbol at the open will be MHAND tomorrow. I have asked Admin to update the ticker here asap!

The news late today:

http://ih.advfn.com/p.php?pid=nmona&article=48430426&symbol=MHAN

Since we closed at .0065 today, .0065 x 50 = .325/share

Now the kicker is that the OS has dropped to just under 3 million shares, so any real news after the RS is going to see a very tight market for shares as the float is now tiny.

the Company's approximately 129.8 million pre-split shares of common stock outstanding will be combined into approximately 2.6 million post-split shares outstanding. The reverse stock split affects all issued and outstanding shares of the Company's Common Stock immediately prior to the Effective Time of the reverse stock split. In addition, proportional adjustments will be made to the Company's equity awards, outstanding warrants and convertible notes.

All the warrants are either worthless, or worthless until the stock hits about $3/share post split based on that statement.

What I do not have nailed down is the convertible note status. I would have thought that they would have converted (maximum shares issued at .005 low?) and bailed by now (sold), perhaps some did, some did not, not sure. But if they did not bail, perhaps they had second thoughts, and decided to stay long on the convertible notes?

The last big rally here MHAN went from .01 to .06 (600% gain) and before that it went from .02 to .095 (also a nice gain, nearly 5X)

Post R/S at .325/share the market cap is still way under 1 million dollars, for a company with multiple products now, and the lead product has a 100 million dollar per year market, the B-12 product which has a special FDA fast track approval category IIRC, Orphaned drug status?

Next step could be a JV funding deal from a big Pharma partner?

I have both barrels loaded now, and spare SG ready to load if it goes lower, but I expect it to move up to at least $1 this year, which is only .02/share pre split.