SCYNEXIS Inc SCYX

Stop Raising Dilutive Funds

[dmacd]

Show some progress.before another capital raise. No focus on SP. Winning losers .. grrrrr.

[JonathanJSmith]

There's no real capital raise here or dilution (only ~1.3mm shares). They filed the recent S3/prospectuses for a couple of purposes - because the original (written 3 years ago) was expiring, and to let investors know that they can still sell up to ~1.5mm more shares at prevailing prices. The real dilution already occurred with another ~22mm shares/warrants at around $7.77/sh (in the aggregate)

[dmacd]

Good points. I have accumulated about my limit for these speculative buy mostly derisked value stocks. I plan to hold tight for 3 to 5 years and hope management will value the SP. Thanks!

[dmacd]

https://www.reuters.com/business/finance/big-short-burry-exits-bearish-bets-tesla-google-2021-11-16/ From the CEO BBs

[dmacd]

Good volume. Back to breakeven. The payoff has taken a while but it'll be worth it. Very tight share structure.

[JonathanJSmith]

Good presentation today. Also, good to hear that Burry bought almost 800K shares recently. Ibrexa will be a billion+ dollar drug within a few short years; it'll be quite a lucrative franchise as it were. Alas, I will continue to accumulate in my non-IRA accounts under $10/sh. We should see a substantive increase in Rx by next Q. I hope that they don't sell the company too soon. Vedremo

[dmacd]

Valued at cash again... well plus the long term debt. Expecting $20M burn as sales will take a while. Question is can they avoid another dilution with profits within next 3 or 4 quarters. The new prescription rebilling code was late in quarter and will take a quarter to kick in. Will buy more if the gap looks to be closing, otherwise no more for me. Mario has diluted so much that one wonders if