As of: Sept 30 2019
Shares Outstanding (latest from broker): 17.3m
Cash: 2.544m (Jan 28 2020: +$5m closed offering, Feb 13 2020: $10.2m closed offering)
Current liabilities: 307k
Current ratio: 10
NWC (total current assets - total current liabilities): 2.777m
Accumulated deficit: 23.154m
Book value per share (Stock holder equity / Shares outstanding): 0.192
Monthly Burn rate (net cash used in operating activities / months): 433k
Estimated current cash: 15.58m (counting recent offerings)
Baby Shelf Exemption price per share: 4.33
Enough cash for 35 months
$25m S-3 Aug 2018, $4.3m left
Prospectus 2019-02-04 for $5.5m @ $1.4
Warrants: 1m @ 2.73
PR on Coronavirus: Co-Diagnostics, Inc. Designs Test for New Coronavirus Using CoPrimer Platform
Receives CE (Europe approved) Mark for Novel Coronavirus Test
-All day runner
-New ATH's
First Test long of 8.70 by 8.50 level with half dollar confluence
Had no fantasy orders as I feared a bigger drop and didn't want to get caught. Manually entered with only two lots and took profits quickly.
Lessons Learned:
Could have potentially made more had I spaced out my exits and waited for a bigger move.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-02-26 13:15:53 | CODX | buy | $7.680 | long |
2020-02-26 13:15:59 | CODX | buy | $7.570 | long |
2020-02-26 13:16:25 | CODX | sell | $7.870 | long |
2020-02-26 13:16:39 | CODX | sell | $7.833 | 0 |
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