Thanks Sergio.
Amigos
Since I am feeling so loquacious of late I will make an offering for your perusal. It is Ortec International (ORTC). I discovered it while looking on www.insidertrader.com for purchases by George Soros.
As you can see in the following link there has been heavy insider trading including that by Soros (huge buying):
biz.yahoo.com
Ortc has a small float (1.4 M) with 6M outstanding. It is 34 % institutionally owned and 76 % insider owned. Its technology is comparable to Organogenesis (ORG) but has a market cap of about 1/8 ORG. There is a thread om SI. Just search for ORTC.
In addition, the TA looks good having just crossed the 13 day MA.
Also it has warrants ORTCZ that have just been extended. From the latest press release:
"In a separate matter, Ortec announced the extension of the expiration date of its Class B warrants (NASDAQ: Small Cap: ORTCZ) to May 28, 1999. The warrants, which are callable by Ortec,have a $15 exercise price and were set to expire on Jan. 18, 1999. There are currently approximately 1,188,600 Class B warrants outstanding.
The Class B warrants were part of Ortec's initial public offering of its securities in January 1996. Through that offering, Ortec issued 1.2 million units at a price of $5 per unit. Each unit consisted of
one common share and one Class A and one Class B warrant with exercise prices of $10 and $15 respectively. In December 1997, the holders of 1,080,000 Class A warrants exercised them providing Ortec with $10.8 million in gross proceeds."
Disclaimer: I do own the stock.
Thanks for any input or feedback you folks may have.
TW
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