MBOT Trade on Dec 30, 2019 14:15 from beno: Tradervue User Stock Trades.

Fundamentals

As of: September 30 2019
Shares Outstanding: 4.3m
Cash: 3.6m
Current liabilities: 4.589m
Current ratio: 2.28
NWC (total current assets - total current liabilities): 5.9m
Monthly Burn rate (net cash used in operating activities / months): 500k
Estimated current cash: 2.34m
Accumulated deficit: 33.241m
Book value per share (Stock holder equity / Shares outstanding): 1.49
Baby Shelf Exemption price per share: 17.44

Catalysts / News / Painting the picture

Enough cash for about 4 months
March 31 2017 S-3 for $75m
Closed $10m offering at 12pm
Started new offering for $10m ($11.10 per share) at 2:15pm
$51m os S-3 used, $24m remaining

Technical Analysis

-Support at 4.50 recently on daily chart
-Resistance is $20 on daily
Levels: 10.75, 11.80, 12.50, 14

Original Plan / Strategy

First Test Long of 11.80

Review

Left my fantasy orders and they got hit as the offering came in. Price dropped and halted at 11.40. Resumed and traded up to 11.40 where I didn't hit out but instead gave it more time, got out near 11 when I couldn't take the pain anymore.

Lessons Learned: 1. When caught in an offering halt, hit out right away after resumption!
2. Don't leave fantasy orders active for an extended period of time!