AIHS Trade on Feb 18, 2020 09:07 from beno: Tradervue User Stock Trades.

Fundamentals

As of: Dec 31 2019
Shares Outstanding (latest from broker): 28.8m
Cash: 1.173m
Current liabilities: 7.842m
Current ratio: 1.38
NWC (total current assets - total current liabilities): 3.025
Accumulated deficit: 19.846m
Book value per share (Stock holder equity / Shares outstanding): 0.22
Monthly Burn rate (net cash used in operating activities / months): 777k
Estimated current cash: 0m
Baby Shelf Exemption price per share: 2.6

Catalysts / News / Painting the picture

-Earnings last Friday after hours: 2212% increase in Y/Y revenue?!?!
-They have no cash, gonna drop offering soon
-March 19 2019 S-3 for $80m, $72m left
-Warrants: 1.3m @ $1.50, 142k @ $3.38

Technical Analysis

-Lots of overheard supply, good candidate for gap and crap
-Levels: 0.50, 0.65, 1, 1.18

Original Plan / Strategy

First Test Short of 1 with whole dollar and VWAP confluence

Review

I was about to cancel my orders due to the grinding below but then I got filled. Really wanted to treat the trade as a Gap and crap and hold it through the open but I had put my orders for a first test trade (scalp). Scratched the trade as The rejection wasn't fast and I didn't want to be in the trade in the first place.