NNVC Trade on Jan 24, 2020 12:23 from beno: Tradervue User Stock Trades.

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beno

 

Fundamentals

As of: Sep 30 2019
Shares Outstanding (latest from broker): 3.854m
Cash: 875k (+7.5m from Jan 21 prospectus) = 8.375m
Current liabilities: 2.656m
Current ratio: 0.50
NWC (total current assets - total current liabilities): -1.319m
Accumulated deficit: 94m
Book value per share (Stock holder equity / Shares outstanding): 2.369
Monthly Burn rate (net cash used in operating activities / months): 478k
Estimated current cash: 6.463m
Baby Shelf Exemption price per share: 19.46

Catalysts / News / Painting the picture

Warrants: 350k @ $12.20
20:1 R/S on September 24, 2019
March 1 2017 S-3 with $242m still available to use before March 1 2020
Nov 29 2019 S-1 for $11.5m, $4m is left on this S-1
Jan 21 2020 prospectus using above S-1 shelf for $7.5m @ $3 per share
Enough cash for 13.5 months of operations now
Coronavirus sympathy

Technical Analysis

-Levels: 6.50, 7.80, 9, 10
-PM uptrend
-Two bull flags all morning pushing stock from $6 to $10
-Failed at huge $10 psychological level
-Afternoon fader

Original Plan / Strategy

First Test long of 8.90 by 9 zone, stop if holding below 8.90

Review

Only two lots got filled before it started bouncing. The bar leaked down to 8.60 after my first profit taker and scared me out of my second lot, stopped at 8.92.

Lessons Learned: When using the First Test, always use the most recent level!!

image


Execution detail:

Date/time Symbol Side Price Position
2020-01-24 12:23:04 NNVC buy $9.090 long
2020-01-24 12:23:04 NNVC buy $9.040 long
2020-01-24 12:23:28 NNVC sell $9.190 long
2020-01-24 12:23:40 NNVC sell $8.920 0


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