Shared by
beno
Fundamentals
As of: Sept 30 2019
Shares Outstanding (latest from broker): 26.3m
Cash: 7.987m
Current liabilities: 4.6m
Current ratio: 2.95
NWC (total current assets - total current liabilities): 9.026m
Accumulated deficit: 166m
Book value per share (Stock holder equity / Shares outstanding): 0.382
Monthly Burn rate (net cash used in operating activities / months): 819k
Estimated current cash: 4.7m
Baby Shelf Exemption price per share: 2.85
Catalysts / News / Painting the picture
-CEO met with Elon Musk/Tesla about possible charging deal
-Aug 30 2019 S-3 and 424B3 for $100m, effective, none used yet
-Enough cash for 5.5 months
Technical Analysis
-Has been on an upswing with 2.10 support
-Levels: 2.50, 2.80, 3.40
Original Plan / Strategy
First Test Long of mid-day 2.65 consolidation zone with VWAP confluence
Review
PA was fast, fantasy order got filled right after placing them, took profits quickly to secure gains in a stock that was very whippy.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-02-06 13:38:13 | BLNK | buy | $2.690 | long |
| 2020-02-06 13:38:13 | BLNK | buy | $2.650 | long |
| 2020-02-06 13:38:22 | BLNK | sell | $2.760 | 0 |
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