Shared by
beno
Fundamentals
Shares Outstanding: 22.989m
Cash: 30.8m
Current liabilities: 10.9m
Current ratio: 11.8
NWC (total current assets - total current liabilities): 118.4m
Monthly Burn rate (net cash used in operating activities / months): 2.84m
Estimated current cash: 23.6m
Accumulated deficit: 51.949m
Book value per share (Stock holder equity / Shares outstanding): 6.384
Baby Shelf Exemption price per share: 3.26
Catalysts / News / Painting the picture
Enough cash for 8 months of Ops
Completes Successful Pre-NDA Meeting with FDA for Maralixibat
June 21 S-1 for $86.250m
July 22 prospectus for $75m IPO (5m shares at $15)
13G - Rock Springs Capital owns 6% or 1.4m shares
Technical Analysis
-$22 ATH set today
-Levels: 13, 16, 17, 18.50, 22
Original Plan / Strategy
First Test short of 17 level
Review
Only first order got hit before bounce happened, placed fantasy order 20c ITM immediately, filled 1 minute later.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-12-16 11:43:29 | MIRM | sell | $16.960 | short |
| 2019-12-16 11:44:25 | MIRM | buy | $16.770 | 0 |
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