ONTX Trade on Feb 11, 2020 14:16 from beno: Tradervue User Stock Trades.

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beno

 

Fundamentals

As of: September 30, 2019 (with up to date offering and share information)
Shares Outstanding: 92.117m
Cash: 25.8m
Current liabilities: 8.2m
Current ratio: 3.2
NWC (total current assets - total current liabilities): 18.6m
Monthly Burn rate (net cash used in operating activities / months): 1.71m
Estimated current cash: 20m
Accumulated deficit: 397m
Book value per share (Stock holder equity / Shares outstanding): N/a
Baby Shelf Exemption price per share: N/a

Catalysts / News / Painting the picture

-Several open/closed offerings in November/December raising $21m (.20, 0.28 and 0.36)
-Will not raise capital until March 19 (90 days after closing of last offering)
-Enough cash for 1 year
-TODAY'S MOVE WAS PURELY TECHNICAL

Technical Analysis

-Bullish morning topping out at 0.75c
-Started dumping big at 12:54pm
-Levels: 0.42, 0.50, 0.63, 0.75

Original Plan / Strategy

First Test Short of 0.63

Review

Was late to the party, slapped the bid for my first lot then two more got filled on the way up to the 0.63 level.
Started pulling back but then started holding, covered while I was still green, missed the bigger move down.

image


Execution detail:

Date/time Symbol Side Price Position
2020-02-11 14:16:11 ONTX sell $0.6001 short
2020-02-11 14:17:01 ONTX sell $0.6157 short
2020-02-11 14:17:27 ONTX sell $0.6271 short
2020-02-11 14:20:17 ONTX buy $0.5816 0


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