ocgn/old hsgx (ocgn)

[Mattel10]

So the new CFO is the same guy that destroyed aralez. This should be interesting. Lie to shareholders and put out fake Pumps to draw in investors while the insiders exit before announcing Ch11 and driving price to the .002 range.

All you hopefuls may want to fact check this

https://mychesco.com/a/news/business/executives/ocugen-appoints-sanjay-s-subramanian-mba-as-chief-financial-officer/

[Buckey]

copied out
Investor FAQs
October 2, 2019
Due to the high volume of calls and emails from our shareholders, we wanted to address some
of the most common questions we have received.
Q: What was the date of the merger?
A: The merger was completed after the market closed on Friday, September 27, 2019.
Q: What was the stock price at the close of the merger?
A: Histogenics stock price at the time of closing was $0.1620. After the reverse split, this
translated to $9.72 as the Ocugen share price.
Q: What was the reverse split ratio?
A: Histogenics issued a 1 for 60 reverse split after the market closed on Friday, September 27,
2019. For example, if you owned 6,000 shares of Histogenics stock before the merger, you
would have 100 Ocugen shares after the merger.
Q: How many shares are outstanding?
A: As of the market opening on Monday, September 30, 2019, there were 10 million shares
outstanding. We’ve issued an additional 2.2 million shares to new investors as part of the
Pre-Merger Financing transaction, which results in 12.2 million shares outstanding.
Q: What is the float?
A: As of the market opening on Monday, September 30, 2019, the float is approximately 53%.
With the issuance of the additional shares, the float is approximately 61%.
Q: What is happening with fractional shares?
A: Broadridge Financial Solutions, Inc. will convert the fractional shares into cash and deposit
into the brokerage account. You can find contact information for them at
https://www.broadridge.com
Q: What caused the stock price to drop approximately 70% on the first day of trading?
A: We know of no negative news impacting the Ocugen stock. We believe the stock has been
unduly impacted by retail shareholders selling their position. Management believes in the
intrinsic value of Ocugen and is committed to developing our broad pipeline of innovative
therapies that address rare and underserved eye diseases. We look forward to sharing
more information about our pipeline at both the Cantor Global Healthcare Conference and
Chardan Genetic Medicines Conference, both of which are being webcast. You can sign up
to listen to the presentation through the events lin

[BarrellofHay]

But some, even most, must be owned by the insiders. What about the warrants? What does the financing deal say? Something about 5 days, which is Friday but what is the amount and price? I can see it tied into the average share price for first trading days, which would explain the constant bombardment. Probably using first 2.2 million shares to destroy the price for the warrant price. Just hope they did not destroy the company with this horrible deal

[braddddd]

https://ocugen.gcs-web.com/static-files/b1057c03-bf4c-4a2b-a48c-b37f39e14378

[braddddd]

and dont forget about the 4.7 mil they have on the shelf (39% of 12.2 mil outstanding) 61% in issue ,according to their own website.https://ir.ocugen.com

[braddddd]

of course

[Buckey]

yep

[BarrellofHay]

I think this whole fiasco is related to the following Ocugen Private Placement Transaction. Specifically the warrants

On September 27, 2019, the Company and Ocugen completed a previously announced private placement transaction with certain accredited investors for an aggregate purchase price of approximately $25.0 million (subject to the offset amount described below) whereby, among other things, Ocugen issued to the investors shares of Ocugen common stock immediately prior to the Merger (the “Pre-Merger Financing”), pursuant that certain Securities Purchase Agreement (the “Purchase Agreement”), made and entered into as of June 13, 2019, by and among the Company, Ocugen and the institutional investors thereto (the “Investors”), and amended by those certain Amendment Agreements, made and entered into as of June 28, 2019.

At the closing of the Pre-Merger Financing, (i) Ocugen issued and sold to the Investors shares of Ocugen’s common stock (the “Initial Shares” and, as converted pursuant to the exchange rate in the Merger into the right to receive approximately 2.2 million shares of Common Stock, the “Converted Initial Shares”), and (ii) Ocugen deposited additional shares of Ocugen’s common stock (as converted pursuant to the exchange rate in the Merger, approximately 2.2 million shares of Common Stock) into escrow for the benefit of the Investors if 80% of the volume-weighted average trading price of a share of the Common Stock as quoted on the Nasdaq Capital Market for the first three trading days immediately following the closing date of the Pre-Merger Financing is lower than the price paid by the Investors for the Initial Shares (the “Additional Shares” and together with the Initial Shares the “Pre-Merger Financing Shares”). In addition, under the Purchase Agreement the Company has agreed to issue on the fifth trading day following the consummation of the Merger warrants representing the right to acquire Common Stock under certain terms and conditions as described in the Registration Statement.

[Fitzy_O]

Hope you all loaded up. This busting loose tomorrow.

[BarrellofHay]

What are the chances of OCU300 Phase III being positive given OCU310 was a large failure. Same drug but I think lots of differences in indication and delivery. Any comments?

[Buckey]

YEP nas STOCK DILUTING LIKE A STINKY PINKY

[ottoman]

$2.20s now. geez louise. Glad I nibbled small. I figured this might happen.

[Disquisition]

unreal DUMPING

[ottoman]

I bought it, that's the reason. The midas touch, in turd form. I might try one more nibble, then dump it. I still have my HNTWF warrants, so there will be no bottom for stuff I buy

[Buckey]

THis thing is selling off like crazy. This is dilution per the mention of a PP - must be pinky style floorless death financing 2.55 now.

[Buckey]

Maybe go on Americas got Talent!!! you can turn anything in to a turd!!! that is a special talent that I seem to have also although I did get in here at 2.25 but am not happy with tank below 2.80 - Going for a smoke

[ottoman]

HA! yes, my turd incantations are powerful.

[Buckey]

well your turd magic seems to be in place again at 2.80 LOL - NO idea WTH is going on here. Good luck

[ottoman]

ok, I nibbled some at $2.97 and I mean nibbled lol. $500 worth to start. Every thing I touch lately for a bounce turns out to be a turd that even Dung Beetles would turn their noses up at lol!

[$hellKing]

Some of these biotechs are the stinky pinkies of the NAS. They dilute quick like sometimes

[Buckey]

yes there is mention of a $25 million PP so maybe there was immediate dilution IF so that is much more common to a stinky pinky not a Naz listed stock. assuming it stays in the 3s I will have done well.

[$hellKing]

I had one or two OTCS one may have been grey but similar to this I think some years ago. They both were weird. I had gotten shares that should of been 4.00 but at 1.00 (they had prematurely did the ratio the day before or people had thought it was done) but next day I had 400% more shares with the higher dollar value but think that was a FS one(i know confusing but they never corrected it in my account). Anyways I got 4x shares at 4x price the next day. I never got a call saying it HAD to be corrected. It just stood as a pretty good gain.

Unless in this case it it had to do with the other cos ratio. It gets confusing when they have a RS ration but a diff % of another co coming in. PR_AY had something weird like that I think. A RS but another co coming in with a diff amount % etc. That one didnt work out.


You would think it was right being big board but hell I will be happy if its $15.00 tomorrow.lol way too many sold today if today was the day the RS took place unless dilution off the bat. Cant have that big of a RS and trade THAT much right after..... too crazy.

[Buckey]

I think tomorrow morning will tell the tale if presplit shares got sold in error today when the back offices start to try and reconcile and settle trades and as such I will be holding until morning unless I uncover a more fundamental reason for this massive drop

[braddddd]

no , not really

[Buckey]

SO I will ask again. Does anyone have an explantion for the 75% drop today and really a much higher drop from the base price from a few weeks which adjusted was trading in the $15 range ( .25 x 60)

[T1aris]

OCGN newsymbolMERGERsplitSUPERknifeCatchBounceSETUP$2

[Buckey]

so why the sell off to 2.24?

[braddddd]

this is the new board for "HSGX"