Nikodemos
2 years ago
Nearly 13-YEAR DOWNTRENDING CHART
SOURCE:
Private Placement
On August 25, 2022, the Company closed the first tranche of a private placement (the “First Closing”) with several accredited investors (the “Private Placement”). At the First Closing, the Company sold approximately 14.1 million shares of common stock of the Company (collectively, the “Shares”) and warrants to purchase approximately 3.5 million shares of common stock (collectively, the “Warrants”) for an aggregate purchase price of approximately $6.75 million. We received net cash proceeds of approximately $6.3 million, after deducting fees and other estimated offering expenses, from the First Closing.
The closing of the second tranche of the Private Placement (the “Second Closing”) occurred on October 7, 2022. At the Second Closing, the Company sold an additional approximately 6.2 million shares of common stock of the Company and warrants to purchase approximately 1.6 million shares of common stock for an aggregate purchase price of approximately $3.0 million.
The Warrants, described in more detail in Note 10, “Warrants”, have an exercise price of $0.48 per share, are subject to customary anti-dilution, but not price protection, adjustments, are immediately exercisable and expire on the five-year anniversary of the First Closing. https://www.otcmarkets.com/filing/html?id=16172960&guid=kNP-kHVJ3HJmB3h
They are STILL LOSING MONEY! Hence the need for funding & the chart shows nearly 13 YEARS of the stock in a DOWNTRENDING CHANNEL. Not sure what others are seeing here ATM but the short-term losses (9 mo period ending from last filing) have ACCELERATED the CASH BURN! And the new funding is BELOW the CURRENT PRICE!! With OVER 20.3M shares (not including any exercised warrants) of overhang bought BELOW the current stock price...
Just started my DD here, as I was PM'd to have a look: But ATM I just don't see it. What am I missing? At least from the charts perspective (& the fundies underscore the sentiment) it appears as though the bottom of the downtrend-channel is going to be tested again soon.
Nikodemos
2 years ago
Why? The NEW shares recently went out NO HIGHER than ~$0.47-$0.48
Private Placement
On August 25, 2022, the Company closed the first tranche of a private placement (the “First Closing”) with several accredited investors (the “Private Placement”). At the First Closing, the Company sold approximately 14.1 million shares of common stock of the Company (collectively, the “Shares”) and warrants to purchase approximately 3.5 million shares of common stock (collectively, the “Warrants”) for an aggregate purchase price of approximately $6.75 million. We received net cash proceeds of approximately $6.3 million, after deducting fees and other estimated offering expenses, from the First Closing.
The closing of the second tranche of the Private Placement (the “Second Closing”) occurred on October 7, 2022. At the Second Closing, the Company sold an additional approximately 6.2 million shares of common stock of the Company and warrants to purchase approximately 1.6 million shares of common stock for an aggregate purchase price of approximately $3.0 million.
The Warrants, described in more detail in Note 10, “Warrants”, have an exercise price of $0.48 per share, are subject to customary anti-dilution, but not price protection, adjustments, are immediately exercisable and expire on the five-year anniversary of the First Closing. https://www.otcmarkets.com/filing/html?id=16172960&guid=kNP-kHVJ3HJmB3h
NET LOSS nearly tripled from ~$2.4M to ~$6.3M (according to their audited financials). Overall they're losing money,... & just closed a private placement/funding @ around $0.47-$0.48/share. I'm guessing that's WHY this has gone lower... & could go lower still.
I figure if that's what the LENDERS are saying it's worth. Why should we pay higher? And it looks like they'll be needing MORE MONEY at this current burn-rate.
Still doing my DD but "Gift from God"? I haven't seen that yet... Why do you think that's the case?
tdeck
3 years ago
A beautiful day in the neighborhood, as it slow and steady marches up the hill, leave no gaps/creases/cracks etc. Never ever, ever should have been in the worst bear market below $1.50 with period, just love it.
This going to be one of the ones that gets its story this time/moment told decades from now. Perfect storm.
$1.50 is the starting line as it goes back to reality, catalysts abound, and the world is opening for bidness.
Peace out
tdeck
3 years ago
Reality time is all, IMHO should never have been below $1.50 in the worst of bear markets with the private placement (which are still held from 2.25) the biggest, unseen/forgotten catalyst bar the rest is things opening back up elective surgeries etc go back to normal, each and every Q since the Covid thing (and first year okay not a farce I admit, since then, a pile of BS)
Just out this evening ..... "Democrat Charlie Crist Suddenly Decides It Is Time to ‘Move Past’ the Coronavirus" game is up unless they all wish to be unemployed first year okay, the next years, you stole years of people's lives, period/full stop.
I love the evening where the la dee dahs group together and the plebs are in masks as they party like all is good (like it really is) Obamas party, then last night SAG awards dinner, and a multitude of other instances, oh, but sometimes when caught, they removed the mask and didn't breathe LOL.
Like not inhaling, etc. After the Canada crazy stormtrooper shit and people just saying finally, "good for you not for me" millions of people in the world thinking here I am 30 I missed the last two years of my twenties, for a political hustle? So a bunch of politicians and govt people like Fauci can make untold 10's of millions? Nah
I for one will be grateful, but those who wish by all means continue to wear masks it is your right just as it is mine to use my brain and common sense, and it makes it easier to spot those who wish to avoid.
I am still dieng to hear the CC want to know when those two new products launch, besides the increase in revs from the world opening back up and has been in just the regular revenue stream through elective surgeries etc, those two add a significant boost. The injectable cement for trauma uses and the tissue patch for sports medicine use.
Went back through 5 years as I have been trying to search for the name or anything on them to search other ways and same each time nothing until the launch PR and then will have the name and will be TM'ed just not one of those hype deals it's like another I am in, they just do it, execution, execution, execution.
Peace out.
tdeck
3 years ago
Exactly, three more headlines on Covid farce coming to an end, the flu this year (which they named Omicron Covid) proved to be just that, the flu which does kill hundreds of thousands worldwide every year and always has, dragging political dog and pony show for 3 years has been an insidious waste of years literally of peoples lives.
https://www.irishnews.com/news/republicofirelandnews/2022/02/28/news/-milestone-day-in-republic-of-ireland-as-rules-on-mask-wearing-end-2600622/
And when the left coast starts falling in line with the normal thinking world, it's game over for the hustle. Midterms and they are drowning, the games they have been playing with Covid BS is done.
https://www.cnet.com/tech/google-drops-mask-and-vaccine-requirements-for-employees/
https://www.nationalreview.com/news/california-oregon-washington-to-drop-school-mask-mandates/
Illinois today
https://pressofatlanticcity.com/lifestyles/health-med-fit/illinois-covid-19-mask-mandate-ending-for-most-indoor-spaces/article_e725a6b8-6b70-53b6-99a4-bee550ebb67b.html
Get hospitals (all of them) back to doing what they ought to be doing rather than running a con game.
Peace out
tdeck
3 years ago
Now New York shedding the covid hoax of masks, vaccines, vaccine cards etc and the elected surgeries back on, congress took away their silly mask mandate and even Bidens BS Covid team (Fauci and Co.) have been silent two weeks now, other countries falling like dominoes with the nonsense, normal is coming on like a freight train and revs will be rising.
Should be seeing a PR any day saying the 10K and CC will be on such and such a day they always PR a week out. I am looking forward to the CC want to get some clarity on when the two new products will be launched and the guidance now that things are heading back to normal.
Still have not been able to find anything out on the new products, even their names which the last new product they launched 2020 they did the same until PR announcing launch, will just have to see if they make further mention during the CC I am sure they will get asked by an analyst, one would think anyway.
http://investor.xtantmedical.com/static-files/84e98cb1-9e0b-4399-a921-7e62c3fed457
Peace out.
tdeck
3 years ago
Thanks, my man, good to see you again too. Got a bug, or something was out for a few days apologies for not following up, but this is a steady ride back to reality, $1.50 and that is just reality everything opening back up just to get back to the basement this has to quadruple and no brainers like that are my love. t is going to be one of those ones, period/full stop.
Let's see how this all plays out,
Take care,
Peace out.
tdeck
3 years ago
Not because anyone cares if I am breathing let alone posting on here, but for those who do not know a "poison" pill the majority of times is used by companies they, how do this without hyping, when things look a lot better than normal going forward business wise but you are like a newly married couple living in your mother in-laws basement, well the poison pill takes that foot off your throat, and when your story lays out, you get paid, not the one that in senses of the word that owns you.
Peace out.
It is a good thing.................. extremely, in this situations as I have mentioned this is the perfect storm that private placement and poison pill were golden, but the market what it has been and this being one 14K+ stocks on o various boards, it was ignored, it's a bloodbath, sometimes if one spends a minute, well shit just happens and one can stumble.
okay let me go have a cancer stick, we have to get into the fundamental game, main street sleep at night. Nuff said
Peace out
tdeck
3 years ago
The one and only contrarian negative since February for $XTNT was that private placement (which remains as such) and was at $2.25 and nothing since then has happened and the cash burned from that was 1.75 M of that during the latest Omicron (flu, go get your shots if one wishes, like it always has been) six month covid farce.
Institutional Owners 33 total, 32 long only, 1 short only, 0 long/short
Institutional Shares (Long) 81,180,739 - 93.53% (ex 13D/G)
Institutional Value (Long) $ 45,735 USD ($1000)
So, at the end of the day and IMHO common sense and logic they make the offering and while voting to make the private offering, at the same time the board voted for a poison pill in as any rational company/CEO or businessperson would in the situation that was presented. You have a company with the two best products they ever have had one being in sports medicine and you are well known, respected and yes covid smacked you back revenue wise shortly regardless of the two launches you have, and being a solvent know entity you are real, legitimate and looking at a horizon with fireworks.
And because of a private offering made @2.25 and a poison pill shelf voted in and filed all of a sudden, all the cash you make and as literally the world (countries falling like dominoes, the covid farce game is ending) so
When a few large power houses in the Bio Game own 93%+ otherwise in plain English "they own you without a poison pill holding 93%+ and you want a little loan through private placement due to Covid at that time, yeah................................................... poison pill.
So that whole running it down from 2.50 to .50's because of a private placement, which has remained as such and is still 93% owned by entities such as themself all north of $2.25 and their next two launches (first since 2019) and history wise for the company the two best ever, and could whenever they haven't given much more color than the 2022, I am looking to see "okay will be Q2 2022 or Q3 2022 so one can plan. But the since the first post the largest natural catalyst is already churning, the covid farce is being kicked to the curb as it should have. And the poison pill............... but that is common sense.
Okay, hope for the ne maybe two listening to my diatribe noticed I did proofread. One thing that sucks with that, one ends up deleting and retyping too much LOL. A second of a minute diatribe/blathering shall continue, have not even come to the fundamentals and a few other nuggets, its a nice story.
And the best one........I didn't know until yesterday it isn't a fundamental thing although this has a gajillion for a stock under $2.00 it's kinda yummy.
Peace out
tdeck
3 years ago
Another 20-30 minutes, sorry shit happens, it doesn't matter as the maybe one or two people who are reading my posts, they know me from past times know, you will get sick of reading my terribly/incredibly long posts on this, but you know it they will be factual and real, no hype BS and specific and we have not even delved into the fundamentals of this perfect storm situation. Quick trip to the town office to take of something moms can't and forgot about, cancer does that. 20-30 minutes
Peace out.
tdeck
3 years ago
Okay where did we leave off chapter 2 or was it 3rd........... let me finish this second cup of coffee and we shall get started for 1 or 2 people who may even taking notice of the novel I shall finish posting today, the numbers, the facts, the realities, just stone cold in your face DUH they are literally handing it out like free turkeys for the poor at Thanksgiving..................................... buckle up.
Main street like RCEL one can sleep at night.
On a side not, for 1 or 2 taking note/paying attention of my posts as with RCEL, when the chance arises, at the minimum just grab a small piece put it in a cookie jar, shoe box sock drawer under the mattress.
Peace out.
Trade like a pro: Leverage real-time discussions and market-moving ideas to outperform.
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