Shared by
beno
DD
Shares Outstanding: 129,690,886
Cash: 66m
Current liabilities: 54.3m
Current ratio: 2.29
NWC (total current assets - total current liabilities): 70.1m
Monthly Burn rate (net loss / months): 5.5m
Estimated current cash: 57.75m
Accumulated deficit: 320m
Book value (Stock holder equity / Shares outstanding): $0.62
400m shares registered thus far in S-3 in 2019
S-3 2019 - $50m of ATM (none used)
S-3 2018 - $40m of ATM ($29.9m used already @ $2.17) - $10.1m left
Technical Analysis
-POS chart, huge downtrend
Catalysts / News
-Met primary endpoint for phase 2 KD025
Original Plan / Strategy
Panic Pop Short PM consolidation area (decided after breakdown from 3.72 to 3.56)
Review
Missed a beautiful morning panic pop from the 3.72 area. Didn't react fast enough.
Need to learn to shoot first and ask questions later
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-11-12 10:24:29 | KDMN | sell | $3.410 | short |
| 2019-11-12 10:40:01 | KDMN | buy | $3.350 | short |
| 2019-11-12 10:57:34 | KDMN | buy | $3.320 | 0 |
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