Looking at the last two 10-Ks shows the following:
- The number of record holders of our common stock on June 30, 2018, was approximately 670.
- As of June 30, 2018, the registrant had 218,692,779 shares of common stock outstanding.
- The number of record holders of our common stock on June 30, 2019 was approximately 860.
- As of June 30, 2019, the registrant had 364,748,563 shares of common stock outstanding.
- Raised approximately $57 million in capital through equity, convertible debt offerings and a warrant exchange offer;
So we picked up 190 new investors, added 146,055,748 shares and raised 4.75M/month keeping inline with the companies "as needed approach."
Another 10-15 million for the rest of the year would be ~ 2.5-3.75M/month, well below the 4.75M average for the last fiscal year. I think we are in good hands with Dr. Pourhassan and I believe he will get us to the finish line this year with BLA fully submitted and term sheet in hand from a major partner.
Additionally, from the numbers put forth by the company in recent 10-Ks, there are relatively few investors in this stock with significant holdings ~ averaging greater than 400k in shares.
These are not traders, they are wealthy individuals holding long to for a significant return on investment. A few traders do not impact share price much and the longs are well informed and waiting for a serious PR on partnership/long-term financing. Many of the posters here are well aware of this, I only mention for any new potential investors considering this stock. Don't get hung up on the constant back and forth, the product appears bullet proof and the big players are already interested from what has been revealed of late. Looking forward the holiday season and big news! All in my humble opinion.
- The number of record holders of our common stock on June 30, 2018, was approximately 670.
- As of June 30, 2018, the registrant had 218,692,779 shares of common stock outstanding.
- The number of record holders of our common stock on June 30, 2019 was approximately 860.
- As of June 30, 2019, the registrant had 364,748,563 shares of common stock outstanding.
- Raised approximately $57 million in capital through equity, convertible debt offerings and a warrant exchange offer;
So we picked up 190 new investors, added 146,055,748 shares and raised 4.75M/month keeping inline with the companies "as needed approach."
Another 10-15 million for the rest of the year would be ~ 2.5-3.75M/month, well below the 4.75M average for the last fiscal year. I think we are in good hands with Dr. Pourhassan and I believe he will get us to the finish line this year with BLA fully submitted and term sheet in hand from a major partner.
Additionally, from the numbers put forth by the company in recent 10-Ks, there are relatively few investors in this stock with significant holdings ~ averaging greater than 400k in shares.
These are not traders, they are wealthy individuals holding long to for a significant return on investment. A few traders do not impact share price much and the longs are well informed and waiting for a serious PR on partnership/long-term financing. Many of the posters here are well aware of this, I only mention for any new potential investors considering this stock. Don't get hung up on the constant back and forth, the product appears bullet proof and the big players are already interested from what has been revealed of late. Looking forward the holiday season and big news! All in my humble opinion.
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