Shared by
beno
Fundamentals
As of: Sep 30 2019
Shares Outstanding: 31.9m
Cash: 2.1m
Current liabilities: 4.87m
Current ratio: 0.485
NWC (total current assets - total current liabilities): -2.5m
Monthly Burn rate (net cash used in operations / months): 1.29m
Estimated current cash: -3.06m
Accumulated deficit: 110m
Book value (Stock holder equity / Shares outstanding): -0.033
Catalysts / News / Painting the picture
Announces joint development of a coronavirus vaccine with Beijing CC-Pharming
Needs cash
Technical Analysis
-Gapped above 34c resistance
-Filled gap from late October
-Levels: 0.38, 0.48, 0.52
-Stuck in 14c range all day
Original Plan / Strategy
First Test Long of 0.48
Review
All lots got filled on the way down but stock wasn't bouncing, placed two more orders near VWAP so I can trade out of position were the stock to go down. Failed to get sufficient bounce so scratched the trade near my first set of orders.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-02-04 09:52:44 | IBIO | buy | $0.4879 | long |
| 2020-02-04 09:52:44 | IBIO | buy | $0.4851 | long |
| 2020-02-04 09:53:57 | IBIO | buy | $0.4821 | long |
| 2020-02-04 09:54:06 | IBIO | buy | $0.4761 | long |
| 2020-02-04 09:54:32 | IBIO | buy | $0.4595 | long |
| 2020-02-04 09:54:32 | IBIO | buy | $0.4541 | long |
| 2020-02-04 09:59:26 | IBIO | sell | $0.4751 | 0 |
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