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OklaBoston (67.09)

TNXP

Recs

1

September 07, 2013 – Comments (1)

Did some research today on this company which had a secondary offering priced on July 9th.

 

It's been public only a few months,has traded as high as $42 but it's most recent close

was $5.50.

 

 It lost $22.83 last fiscal year is expected tocutthat loss to a single dollar next FY. 

 

The secondary offering should improve it's unsatisfactory quick ratio,and institutions are selling while insiders are keeping their shares. That is always a good sign. So the market cap should be going up soon.

 

It's now on my Watchlist and I expect to green thumb it when it becomes eligible for rating. 

1 Comments – Post Your Own

#1) On September 08, 2013 at 6:43 PM, EvanBuck (99.80) wrote:

Uhm.  Have you done any analysis other than this?  The stock chart looks really suspicious to me like a pump-and-dump.  There must be a reason why they are bleeding cash so profusely.

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