As of: Sept 30 2019
Shares Outstanding (latest from broker): 17.3m
Cash: 2.544m (+$5m from Jan 28 closed offering)
Current liabilities: 307k
Current ratio: 10
NWC (total current assets - total current liabilities): 2.777m
Accumulated deficit: 23.154m
Book value per share (Stock holder equity / Shares outstanding): 0.192
Monthly Burn rate (net cash used in operating activities / months): 433k
Estimated current cash: 5.81m
Baby Shelf Exemption price per share: 4.33
Enough cash for 13 months
$25m S-3 Aug 2018, $14.5m left
Prospectus 2019-02-04 for $5.5m @ $1.4
Warrants: 1m @ 2.73
Dropped ATM offering on Jan 24 for $5m - closed on Jan 28
PR on Coronavirus: Co-Diagnostics, Inc. Designs Test for New Coronavirus Using CoPrimer Platform
-Very inorganic PA all day with lots of manipulation
-Stuck in a box all day between 2.60 and 3.10
First Test Long of 2.85 level with confluence from VWAP, prior close and PM
I feel like I managed this trade very well despite it not working out 100%. I took profits on 2 lots right away and held my last lot for a bigger move but I got stopped out of my last lot in the end.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-01-30 10:15:01 | CODX | buy | $2.880 | long |
2020-01-30 10:15:15 | CODX | buy | $2.860 | long |
2020-01-30 10:15:15 | CODX | buy | $2.840 | long |
2020-01-30 10:17:28 | CODX | sell | $2.940 | long |
2020-01-30 10:18:13 | CODX | sell | $2.940 | long |
2020-01-30 10:44:28 | CODX | sell | $2.810 | 0 |
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