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
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
March 13 2020: US declares COVID-19 an emergency / says US will partner with Teladoc Health
-Intraday pattern: Bowl
-Levels: 10, 11, 11.50, 12.50, 14
First test long of 11.50 with half dollar and VWAP confluence
Buyers were aggressive in the 11.60's and I only got one lot filled. Since there was lots of overhead supply I wanted to sell quickly on strength so I split my 1 lot into two exits and took them 40 seconds apart.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-03-13 15:29:40 | CODX | buy | $11.630 | long |
2020-03-13 15:30:08 | CODX | sell | $11.870 | long |
2020-03-13 15:30:45 | CODX | sell | $11.853 | 0 |
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