Shares Outstanding: 141.87m
Cash: 34.65m
Current liabilities: 112.7
Current ratio: 0.6
NWC (total current assets - total current liabilities): -45.145m
Monthly Burn rate (net cash used in operating activities / months): 15.2m
Estimated current cash: 4.2m
Accumulated deficit: 597m
Book value per share (Stock holder equity / Shares outstanding): 0.32
Baby Shelf Exemption price per share: 0.528
Received acquisition offers between $3 and $5 per share
2017 ATM S-3 for $350m (pretty sure its all used)
Diluted by ~9m shares since December 2018
Needs cash badly!
Lots of stock resales by institutional investors (many S-3's)
Institutions could be looking for exit when offer comes in
12% SF
-Gapped up small but wasn't able to hold
-Made lower high and broke below 3.80, turned red on day
-Levels: 3.40, 3.70, 3.90
First test short of 3.70 to 3.80 zone
Saw stacked offers so took a 100 share starter at 3.69, was expecting it to peak above VWAP like yesterday but never happened, didn't event get to 1/4 size. Can't complain about small green trade.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-12-04 15:28:51 | SRNE | sell | $3.690 | short |
2019-12-04 15:44:56 | SRNE | buy | $3.640 | 0 |
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