Shared by
beno
Fundamentals
Shares Outstanding: 19.3m
Cash: 2.55m
Current liabilities: 537k
Current ratio: 6.72
NWC (total current assets - total current liabilities): 3.07m
Monthly Burn rate (net loss / months): 578k
Estimated current cash: 527k
Accumulated deficit: 38m
Book value (Stock holder equity / Shares outstanding): 0.223
Catalysts / News / Painting the picture
-Receives FDA Fast track for its Oncorpex Immunogene therapy that targets lung cancer
-Cash left for 1 month of operation
-$25m shelf, recent offering 17/01/20 for $1.267m
Technical Analysis
-Previous day POC is at 1.40
-Gapped up again today
Original Plan / Strategy
POC Relief of 1.45 to 1.30 (5 above and 10 below)
Review
Only first lot of 300 got filled before it started to bounce, one lot means I can only scalp it, I exited position in the mid 1.50s for a 10 cent move.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-01-22 07:09:46 | GNPX | buy | $1.450 | long |
| 2020-01-22 07:11:29 | GNPX | sell | $1.550 | long |
| 2020-01-22 07:11:54 | GNPX | sell | $1.510 | 0 |
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