Shared by
beno
Fundamentals
Shares Outstanding: 25.05m
Cash: 20.9m
Current liabilities: 20.05m
Current ratio: 1.9
NWC (total current assets - total current liabilities): 18.01m
Monthly Burn rate (net cash used in operating activities / months): 5.51m
Estimated current cash: 9.8m
Accumulated deficit: 117.8m
Book value per share (Stock holder equity / Shares outstanding): -1.377
Baby Shelf Exemption price per share: 2.99
Catalysts / News / Painting the picture
Announced PO for 7m shares @ $5
REFILE-FDA approves Aquestive's ALS treatment
Only diluted 100k shares since 2018
Making ~50m per year in revenue
September 2019 ATM S-3 for $150m
$17m ATM propectus (unused)
Prospectus for 2m shares of common stock by selling stockholder (unused)
Technical Analysis
-Recent uptrend, swung all the way from 3 to 9
-Spent 3 days bouncing between 6.5 and 8 before gapping down lower
-Levels: 5, 5.40, 5.60, 6.30
Original Plan / Strategy
First Test long of 5.80 zone during PM
Review
Was having a hard time bouncing, seller was at 5.90, saw stacked bids at 5.80 and hit out when they disappeared.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-12-13 08:04:14 | AQST | buy | $5.850 | long |
| 2019-12-13 08:05:08 | AQST | buy | $5.800 | long |
| 2019-12-13 08:12:24 | AQST | sell | $5.780 | 0 |
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