DE with all due respect congratulations on your DD about rights offerings, you deserve credit on that forecasting it earlier.
My thoughts, no matter how much I want them to succeed I still don't fully trust them, they haven't proved them self yet.
There is lot of confusion about how it will all work out and it's sort of impossible to guess the stock price before august 1 st cut off date and till the subscription closing date.
I'm personally on HOLD mode, not buying not selling till we get more information
But next 7 weeks till end of August will be extremely eventful and it will bring crazy volatility based on following things I have in mind
1) S-1 registration being effective
2) BOD's intention of participating in rights offering, form 4 before august 1st
3) Big money commitment/institution buying
4) Next quarterly report in 4 weeks
5) plan to run operations for next 6 weeks since them being almost out of cash again
6) Phase 3 status
The game is mode dynamic than ever before!
some of the highlight of latest S-1 filings that I caught my attention!
"Will our directors and executive officers participate in the rights offering?
To the extent they hold common stock as of the record date, our directors and executive officers will be entitled to participate in the rights offering on the same terms and conditions applicable to other rights holders. None of our directors or executive officers has entered into any binding commitment or agreement to exercise subscription rights received in the rights offering.
"
"Can the board of directors terminate or extend the rights offering?
Yes. Our board of directors may decide to terminate the rights offering at any time and for any reason before the expiration of the rights offering. We also have the right to extend the rights offering for period not to exceed 30 days. We do not presently intend to extend the rights offering. We will notify stockholders if the rights offering is terminated or extended by issuing a press release.
"
"On June 4, 2018, we entered into a Backstop Commitment Purchase Agreement with an institutional investor (the “Backstop Agreement”). Pursuant to the Backstop Agreement, an institutional investor has agreed, subject to customary conditions outside of its control, to purchase from us, on a fully committed basis, shares of common stock that would have been delivered to our stockholders upon exercise of rights that are not duly exercised prior to the expiration date of the rights offering. Such shares will be purchased for an aggregate amount equal to the aggregate subscription price and otherwise on the same terms as the shares offered to stockholders in the rights offering."
"(iii) for each person or group included in the table, percentage ownership is calculated by dividing the number of shares beneficially owned by such person or group by the sum of the 932,169 shares of common stock outstanding on June 6, 2018, plus the number of shares of common stock that such person or group has the right to acquire within 60 days of June 6, 2018."
News 
Market Data 
Discover 
AI
