Hi Larry and everyone else,
You don't know me, and I am new to SI. But I have read every posting about Celsion and am quite fascinated by your collective activity. I'm not a day trader, market maker or insider, but just a private investor who plods away doing DD looking for the diamond in the rough (don't we all?).
With regard to Celsion, I can see reasons for the sudden positive activity, but I have to take issue with a lot of the comments being posted. First, take a look at Celsion's filings on EDGAR, particulary the recent 10K. This company is broke, and doesn't even have the cash to pay for the technology under license from MIT!
OK, I hear you say that a financing is on the way, but Stearns' representative just resigned from the board, and the replacement is not what you would call a "major" player.
Frankly, there is no way this company will qualify for Nasadq small cap in the forseeable future. I ask you this, how many companies fo you know that have made the transition from OTC BB to Nasadq? One, two maybe? Not a lot that's for sure. And why? Because insitutions do not like financing existing "non-Nasdaq" public companies for the simple reason that they cannot control the market and cannot get their private clients in the deal at a preferential price. I think you would find it impossible to turn up an insitutional financing for an OTC BB company. Furthermore, If you analyse Celsion's financials, you will see that a financing would be done at no more than $1.00, absolute maximum. There are just too many unexercised options and warrants outstanding.
If you see this stock price touch $2.00 again, take your profits and run!!
Hope you find this input interesting. I've no axe to grind, I'm not in the stock, and won't be. |
