As of: Sep 30 2019
Shares Outstanding (latest from broker): 9.07m
Cash: 65k
Current liabilities: 14.5m
Current ratio: 0.358
NWC (total current assets - total current liabilities): -9.344m
Accumulated deficit: 8.417m
Book value per share (Stock holder equity / Shares outstanding): 1.08
Monthly Burn rate (net cash used in operating activities / months): 104k
Estimated current cash: -351k
Baby Shelf Exemption price per share: 8.27
Enters into Material Definitive Agreement to Acquire Chongqing Guanzan Technology
Constantly losing money, has next to no cash
No dilution, but needs cash somehow?!
-Support at 2.38 on daily chart
-Levels: 4.50, 6, 7.40
-Upswing might have finished today, sellers were in control all afternoon
First Test long of 6.80 to 6.65 zone
All lots got filled, was risking to below 6.50, stock wasn't bouncing at all, added an order above 6.50 so I can scratch trade out of it before getting stopped out (followed my rule to not stop out in front of whole/half dollar marks).
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-02-03 11:13:15 | BIMI | buy | $6.800 | long |
2020-02-03 11:13:44 | BIMI | buy | $6.750 | long |
2020-02-03 11:13:44 | BIMI | buy | $6.700 | long |
2020-02-03 11:14:02 | BIMI | buy | $6.650 | long |
2020-02-03 11:17:46 | BIMI | buy | $6.540 | long |
2020-02-03 11:20:22 | BIMI | sell | $6.666 | long |
2020-02-03 11:22:09 | BIMI | sell | $6.701 | 0 |
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