Athersys Announces Private Placement Financing
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    Thread: Athersys Announces Private Placement Financing

    1. #1
      michaelbrom's Avatar
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      Athersys Announces Private Placement Financing


    2. #2
      Stargazer's Avatar
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      Currently ATHX has a OS of 25M shares.
      New shares issued now will be 4.35M shares (ie a dilution of about 17%)
      In the next 5 years when the warrants would be converted there would be a further dilution of 17% compared to today's OS. Of course this is a moot point because if ATHX is successful it will be a different company in 2017 and the warrant conversion will affect the price marginally at that moment in time.
      Technically, ATHX is now attempting to close the gap (between 1.65 and 1.85 on the chart) in created on the daily chart early Dec 2011. If it does not find support in this range of 1.65-1.70, it could fall further. However, the current RSI is around 39 so any further weakness next week may take it to the oversold territory.
      Fundamentally, todays news was good - has tied up 9M financing and at a price of 2.07/share (wish ACTC could find such financing! )
      Next week, especially Monday, will be interesting.
      All IMO!

      PS Anyone know ATHX's quarterly burn rate? Any idea how long this 9M will take them to burn through at their current burn rate?
      Superfeeed, Icemandan and EYESEE like this.

    3. #3
      Regenerative Guru Member DonV's Avatar
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      I added more

    4. #4
      Superfeeed's Avatar
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      Quote Originally Posted by DonV View Post
      I added more
      at five diff ytanches, next tranche amount is at $2.05 a share. this pps is a gift.

      I have a buy in in the am to triple my position aat 1.75. ATHX also 20m purchase agreement
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    5. #5
      Inactive Member rickrick's Avatar
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      ATHX.jpg

      Support is at 1.70 and at this point it looks very determined to test this area. If it breaks thru it may continue to drop further to the 1.60 and possibly 1.40 areas.

      By the volume and candle on Feb 1 it looks like they knew the effect this was going to have and some of them prepared for it by getting out.

      Since the big rise in Dec there hasn't been a good entry point, pps was never able to rise out of the down trend that was taking place from that time. I would even venture to say that back then people knew about the event so pps was driven up and then slowly taken back down while taking profit from the rise.

      I don't forsee another good entry point until it comes back up through the T line, which may not happen until the 1.80 area and even then the 50ma and 20ma are going to have their say so in the matter. And even then, until the down trend line is broken this thing may have a tendency to continue slowly going down even though pps may come back up to the down trend line, but if it does drop way down there could be some good profits to be made on the way back up.
      Last edited by rickrick; 03-12-2012 at 04:57 PM.
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    6. #6
      Stargazer's Avatar
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      Quote Originally Posted by rickrick View Post
      ATHX.jpg

      Support is at 1.70 and at this point it looks very determined to test this area. If it breaks thru it may continue to drop further to the 1.60 and possibly 1.40 areas.
      1.6 currently under threat. If that breaks there is some weak support in the 1.5-1.52 range, but a stronger support in the 1.4 range.
      Closing price tomorrow will give a clearer indication whether 1.6 will hold or not.

      The 17% dilution from the issue price of 2.07 was about 1.7 - so from the fundamental point of view the current pps hammering is a bit overdone (rsi also indicates this as it is now at 33 - v near oversold territory of 30).

      Fundamentally the science is the same and the balance sheet has improved (after the current private placement) so from a long term point of view the price is attractive IMO.

      Next week may be a good time to buy a further tranche! All IMO!!
      billhouston and EYESEE like this.

    7. #7
      Superfeeed's Avatar
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      [QUOTE=Stargazer;82469]1.6 currently under threat. If that breaks there is some weak support in the 1.5-1.52 range, but a stronger support in the 1.4 range.
      Closing price tomorrow will give a clearer indication whether 1.6 will hold or not.

      so from the fundamental point of view the current pps hammering is a bit overdone (rsi also indicates this as it is now at 33 - v near oversold territory of 30).

      QUOTE]

      ATHX is being Shorted IMO . Level 2 this afternoon around 12-230 was clear. Anyone with access to Level 2 does not slam the Bid unless they are shorting. would be a GREAT time for another JV announcement with Pfizer! lolz
      sf

      Disclosure: Buying ATHX in the hopes of someday appearing on the financials of ATHX love this Company
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    8. #8
      Regenerative Guru Member DonV's Avatar
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      In the process of securing funds to enlarge my holdings on ATHX.

      I must take advantage of these prices.
      Superfeeed likes this.

    9. #9
      Inactive Member Icemandan's Avatar
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      Bought today as well
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    10. #10
      Inactive Member Icemandan's Avatar
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      [QUOTE=Superfeeed;82477]
      Quote Originally Posted by Stargazer View Post
      1.6 currently under threat. If that breaks there is some weak support in the 1.5-1.52 range, but a stronger support in the 1.4 range.
      Closing price tomorrow will give a clearer indication whether 1.6 will hold or not.

      so from the fundamental point of view the current pps hammering is a bit overdone (rsi also indicates this as it is now at 33 - v near oversold territory of 30).

      QUOTE]

      ATHX is being Shorted IMO . Level 2 this afternoon around 12-230 was clear. Anyone with access to Level 2 does not slam the Bid unless they are shorting. would be a GREAT time for another JV announcement with Pfizer! lolz
      sf

      Disclosure: Buying ATHX in the hopes of someday appearing on the financials of ATHX love this Company
      Even more than actc eh?

    11. #11
      Superfeeed's Avatar
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      [QUOTE=Icemandan;82499]
      Quote Originally Posted by Superfeeed View Post

      Even more than actc eh?
      Definitly a close second.
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    12. #12
      Regenerative Guru Member DonV's Avatar
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      [QUOTE=Superfeeed;82509]
      Quote Originally Posted by Icemandan View Post

      Definitly a close second.
      ATHX #1
      ACTC #2
      NAVB #3
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    13. #13
      Inactive Member rickrick's Avatar
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      Quote Originally Posted by Stargazer View Post
      1.6 currently under threat. If that breaks there is some weak support in the 1.5-1.52 range, but a stronger support in the 1.4 range.
      Closing price tomorrow will give a clearer indication whether 1.6 will hold or not.

      The 17% dilution from the issue price of 2.07 was about 1.7 - so from the fundamental point of view the current pps hammering is a bit overdone (rsi also indicates this as it is now at 33 - v near oversold territory of 30).

      Fundamentally the science is the same and the balance sheet has improved (after the current private placement) so from a long term point of view the price is attractive IMO.

      Next week may be a good time to buy a further tranche! All IMO!!
      ATHX.jpg

      Stargazer that's exactly what I'm seeing also. I am leaning towards the testing of the 1.50 area is pretty strong.
      Stargazer likes this.

    14. #14
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      Quote Originally Posted by rickrick View Post
      ATHX.jpg

      Stargazer that's exactly what I'm seeing also. I am leaning towards the testing of the 1.50 area is pretty strong.
      Shorts knocked it down after the so called dilution event of a few million but no sell off after the 20million dollar purchase agreement ? The reason it is so strong at 1.50 is that the lender from October bought probably $4mm at 1.56 according to the purchase agreement next tranche will be $2.10 and the next tranch after that is $2.80 ...

      shorts are holding 200k shares at the most, would love to see a Legit PR come out like the one in 2009 with
      Pfizer, the ASK would go to $5.00...

      IMO the shorts cover Tuesday. funds clear Monday and I am doubling down.

      by my estimations the shorts have 200k shares borrowed. this stock is so thinly traded a buyer can not buy more than 1,000 shares with out the ask going up five cents.65% of the o/s in insider/institutional hands= kaaaaaaaaaaaboooooooooooooooooooom northward on legit news.
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    15. #15
      Superfeeed's Avatar
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      That is right Shorts COVER your FAKE downward movement,. LOLZ I KNEW it was the shorts. AHAHHAHAAHAH

      sf
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    16. #16
      Regenerative Guru Member DonV's Avatar
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      Nice uptick, i'm still down overall but remain optimistic!
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    17. #17
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      Quote Originally Posted by Superfeeed View Post
      That is right Shorts COVER your FAKE downward movement,. LOLZ I KNEW it was the shorts. AHAHHAHAAHAH

      sf
      aaaaaaaaaaaaaaaaaaaaaaaaahhhhhhhhhhh wittle ittle shorite covers!!!!!!!!!!!!BAHBAABHABHABHABHABHABHABHAB

      closed at 1.80
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    18. #18
      Inactive Member EYESEE's Avatar
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      Quote Originally Posted by DonV View Post
      Nice uptick, i'm still down overall but remain optimistic!

      Am down $200, but I consider that just a matter of impatience of wanting to jump in

    19. #19
      Superfeeed's Avatar
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      Quote Originally Posted by DonV View Post
      Nice uptick, i'm still down overall but remain optimistic!
      SHORTS covered at the very last second on a Friday a few minutes before closing.

      to bad for me money is hitting the account on Monday...Oh well I am sure they will be back to organize another fake downward pressure sell off?

      sf
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    20. #20
      Inactive Member rickrick's Avatar
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      ATHX.jpg

      Love to see these kind of days , Bullish engulfing just ate everything up from the last few days.

      Today would have been a day I would have added to my position or would have entered in with a half position. I would still need confirmation that the trend will continue up.

      Volume was rather low for this big move and it stopped at a resistance level. It will have to bust on through the 20 and 50 ma's to be able to keep going.

      Besides those it looks really good.
      Superfeeed likes this.

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