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
March 11 2020: WHO officially calls COVID-19 a global pandemic
-All day runner from WHO pandemic news
-Levels: 9, 11, 12.50, 14
First test long of 13 level with whole dollar confluence
This trade came to my attention as it was testing the level so I had some hesitation getting in, but got in nonetheless. I liked how I only got in with two lots but I took 4 separate exits and tried my best to space them out. I still could have waited longer between exits.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-03-11 13:01:05 | CODX | buy | $13.040 | long |
2020-03-11 13:01:21 | CODX | buy | $13.080 | long |
2020-03-11 13:02:08 | CODX | sell | $13.300 | long |
2020-03-11 13:02:15 | CODX | sell | $13.400 | long |
2020-03-11 13:02:19 | CODX | sell | $13.500 | long |
2020-03-11 13:02:29 | CODX | sell | $13.620 | 0 |
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