Shared by
beno
Fundamentals
As of: Sep 30 2019 Q (Share outstanding is latest)
Shares Outstanding (latest from broker): 42.6m
Cash: 71.167m (+$250m from recent offerings)
Current liabilities: 21.575m
Current ratio: 4.2
NWC (total current assets - total current liabilities): 67.5m
Accumulated deficit: 1.4b (WOW THIS IS HUGE)
Book value per share (Stock holder equity / Shares outstanding): -6.08
Monthly Burn rate (net cash used in operating activities / months): 12.54m
Estimated current cash: 258.467m (with cash from offerings)
Catalysts / News / Painting the picture
Sympathy play on China Corona Virus outbreak
Begins animal testing for COVID-19 vaccine
$250m shelf on Dec 31 2019 (All used from below prospectuses)
Jan 21 2020: $100m ATM
Mar 02 2020: $150m ATM
Enough cash for 20 months if counting cash from above offerings
Technical Analysis
-Overall weak morning with strong afternoon and an EoD pullback
-Level: 11.50, 12, 12.70, 13.30, 14
Original Plan / Strategy
FT-15 long of 13.30 level
Review
OGT, could have added another lot but stock started bouncing.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-03-06 09:52:27 | NVAX | buy | $13.350 | long |
| 2020-03-06 09:52:32 | NVAX | buy | $13.310 | long |
| 2020-03-06 09:52:39 | NVAX | buy | $13.280 | long |
| 2020-03-06 09:53:55 | NVAX | sell | $13.540 | long |
| 2020-03-06 09:54:05 | NVAX | sell | $13.520 | long |
| 2020-03-06 09:54:09 | NVAX | sell | $13.560 | 0 |
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