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)
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
April 08 2020: Identifies COVID-19 Vaccine Candidate, Human Testing To Begin In Mid-May
-Intraday pattern: Rug Pull
-Levels: 19, 20, 21, 22, 24, 26
First test short of 20.80 by 21 level with whole dollar confluence
Took a starter and covered it quickly because SPY was bouncing from support and we were in lul hours.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-04-21 11:30:10 | NVAX | sell | $20.720 | short |
2020-04-21 11:30:32 | NVAX | buy | $20.530 | short |
2020-04-21 11:30:32 | NVAX | buy | $20.530 | short |
2020-04-21 11:30:32 | NVAX | buy | $20.530 | 0 |
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