Still way too early...may start to dip my toe back in a few months from now, but I absolutely HATE reverse splits. They rarely work out in the longs best interest because once it happens PPS usually falls. Might as well buy after that happens.
I am not here to gloat but what JH and RR have done cuts very very deep. Because of their mismanagement now you will have hospitals purchasing Senhance when it is NOT their best option. Not saying its a horrible device but the SPORT is much much better. Those 2 "experts" have caused an immeasurable delay in patient care as those hospitals who do buy Senhance IMO, would have been better off waiting to get SPORT.
Some likely Math - let's say TITXF rises on the awesome sector news to 45 cents and then falls back to around 30 cents after the next fundraise (coming soon).
Let's say ya hold 100,000 shares currently and they do a 1-25 rs at 30 cents. WEEEE, it's now at a PPS of $7.50 but you only have 4,000 shares.
The likelihood of Mr. Market taking her back down (even if only for a short time period is VERY high), so let's say it touches $6.25 soon after the split.
WHY hold through it ? You might as well sell and buy back later. 4,000 x $6.50 = 26k but ya could have sold your 100k shares for ~40 cents+ and bought back at say $6.50 and had at least 6,150 shares post rs.
* Now say they sell out in 2019 For $8/shr post split - would ya rather walk away with $32k or $49k ? You have to remember that any potential partner or acquiror would want the o/s cleaned up. Nobody will partner/acquire until at least the March 2018 tranche of warrants expire worthless. Will have at least 2 fundraises by then and some of those 20 cent warrants exercised. o/s will balloon upwards folks
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