Shared by
beno
Fundamentals
As of: September 30, 2019 (with up to date offering and share information)
Shares Outstanding: 92.117
Cash: 25.8m
Current liabilities: 8.2m
Current ratio: 3.2
NWC (total current assets - total current liabilities): 18.6m
Monthly Burn rate (net cash used in operating activities / months): 1.71m
Estimated current cash: 20m
Accumulated deficit: 397m
Book value per share (Stock holder equity / Shares outstanding): N/a
Baby Shelf Exemption price per share: N/a
Catalysts / News / Painting the picture
-Several open/closed offerings in November/December raising $21m (.20, 0.28 and 0.36)
-Will not raise capital until March 19 (90 days after closing of last offering)
-Enough cash for 1 year
Technical Analysis
-POS down-trending stock full of wicks
-Supported at 0.10
Original Plan / Strategy
First Test long of 0.53 level
Review
This was One Good Trade
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-12-30 11:40:54 | ONTX | buy | $0.5391 | long |
| 2019-12-30 11:40:54 | ONTX | buy | $0.5353 | long |
| 2019-12-30 11:40:54 | ONTX | buy | $0.5326 | long |
| 2019-12-30 11:40:54 | ONTX | buy | $0.5296 | long |
| 2019-12-30 11:42:44 | ONTX | sell | $0.5677 | long |
| 2019-12-30 11:42:51 | ONTX | sell | $0.5727 | long |
| 2019-12-30 11:42:52 | ONTX | sell | $0.5787 | long |
| 2019-12-30 11:44:02 | ONTX | sell | $0.5537 | 0 |
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