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Post by Yelk on May 12, 2020 17:06:45 GMT
Was just gonna post haha, great buying. Honestly its the market too, everything is running
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Post by JHam on May 12, 2020 17:09:06 GMT
Was just gonna post haha, great buying. Honestly its the market too, everything is running Yes, but BXRX is still performing significantly better than any other stock in my portfolio or on my watch list. Good volume too.
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Post by Yelk on May 12, 2020 17:51:08 GMT
Wow was about to enter it for a day trade and it RIPPED to almost 3.9, gap almost filled
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Post by Yelk on May 12, 2020 17:51:35 GMT
Someone bought 30k shares what looked like almost a order market buy lol
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Post by JHam on May 12, 2020 17:52:55 GMT
Someone bought 30k shares what looked like almost a order market buy lol Yeah, there is definitely some big buying going on.
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Post by Yelk on May 12, 2020 18:04:01 GMT
Huge seller on Level 2. Huge, but he pops on and off classic short squeeze situation. Wonder if someone short here?
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Post by Yelk on May 14, 2020 2:51:04 GMT
I sold the second half of my position here 3.80s today. First half 30% and second half 40%. Great idea JHam. I still think great long term hold maybe but I'm wary of market for the next few months its been a heck of a bounce. I feel cash is good right now to rebuy things lower, been selling into this huge strength last few days. I really want cash for short term plays only now in this market. Best of luck! Ideally markets go full steam ahead! XBI is over 100 nuts.
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Post by JHam on May 14, 2020 7:14:14 GMT
I sold the second half of my position here 3.80s today. First half 30% and second half 40%. Great idea JHam. I still think great long term hold maybe but I'm wary of market for the next few months its been a heck of a bounce. I feel cash is good right now to rebuy things lower, been selling into this huge strength last few days. I really want cash for short term plays only now in this market. Best of luck! Ideally markets go full steam ahead! XBI is over 100 nuts. Good job. Congrats!
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Post by JHam on May 15, 2020 15:07:39 GMT
$4.25 now on crazy volume.
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Post by JHam on May 15, 2020 16:15:23 GMT
I’ve though about selling since it’s hard to look at an 80%+ profit right now and not pull the trigger, but I feel like this rally could continue into June. Up until the official national rollout of Anjeso. Good volume the last week or so, which leads me to believe that there are some legs behind this.
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Post by Yelk on May 15, 2020 18:04:27 GMT
Dang grats! Best of luck!
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Post by JHam on May 15, 2020 18:12:37 GMT
Dang grats! Best of luck! Whoah, just hit $4.79. Someone just bought 70K and now 220K shares.
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Post by magnus123 on May 15, 2020 18:14:55 GMT
I have to admit it... i was the dumb idiot who sold his (small) position yesterday at $3.50:D
Congrats JHam.
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Post by JHam on May 15, 2020 18:17:37 GMT
I have to admit it... i was the dumb idiot who sold his (small) position yesterday at $3.50:D Congrats JHam. Not an idiot if you made money! I’m still hanging on here for a bit longer. Hope this holds and forms a new base.
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Post by JHam on May 15, 2020 18:20:21 GMT
The warrants at $4.59 have now been officially triggered. That happened faster than I thought.
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Post by magnus123 on May 15, 2020 18:20:56 GMT
I have to admit it... i was the dumb idiot who sold his (small) position yesterday at $3.50:D Congrats JHam. Not an idiot if you made money! I’m still hanging on here for a bit longer. Hope this holds and forms a new base. Yeah, i bought at 2.43 and i'm happy about it. Could be worse:)
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Post by JHam on May 15, 2020 18:29:32 GMT
Not an idiot if you made money! I’m still hanging on here for a bit longer. Hope this holds and forms a new base. Yeah, i bought at 2.43 and i'm happy about it. Could be worse:) Awesome! That’s a great trade for anyone’s standard!
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Post by JHam on Jun 1, 2020 11:50:45 GMT
Begs the question, why did they do a public offering if they could secure a $50M credit facility...Oh well I came in after that so it was a buying opportunity for me. They are sitting pretty with their cash situation now: www.globenewswire.com/news-release/2020/06/01/2041360/0/en/Baudax-Bio-Secures-50-Million-Credit-Facility.htmlBaudax Bio Secures $50 Million Credit Facility
“This strategic non-dilutive financing represents our strong belief in the future commercial prospects for ANJESO as a new, intravenous non-opioid option for the management of moderate to severe pain,” said Gerri Henwood, CEO of Baudax Bio. “The availability of these new funds, as well as incremental amounts of up to an additional $50 million, at Marathon’s discretion, to help support complementary and accretive acquisitions provides important financial flexibility for our commercial-stage organization and leaves us well positioned to execute on the launch of ANJESO and to grow our acute care franchise. Our newly hired sales force is on track to commence the launch this month.”
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Post by JHam on Jun 7, 2020 6:27:57 GMT
Begs the question, why did they do a public offering if they could secure a $50M credit facility...Oh well I came in after that so it was a buying opportunity for me. They are sitting pretty with their cash situation now: www.globenewswire.com/news-release/2020/06/01/2041360/0/en/Baudax-Bio-Secures-50-Million-Credit-Facility.htmlBaudax Bio Secures $50 Million Credit Facility
“This strategic non-dilutive financing represents our strong belief in the future commercial prospects for ANJESO as a new, intravenous non-opioid option for the management of moderate to severe pain,” said Gerri Henwood, CEO of Baudax Bio. “The availability of these new funds, as well as incremental amounts of up to an additional $50 million, at Marathon’s discretion, to help support complementary and accretive acquisitions provides important financial flexibility for our commercial-stage organization and leaves us well positioned to execute on the launch of ANJESO and to grow our acute care franchise. Our newly hired sales force is on track to commence the launch this month.”After reading through the agreement more thoroughly this facility makes sense. They have to pay 13.5% in interest for only the first 24 months, and can only draw down based on hitting sales targets determined by Marathon which are as follows: 1) $5M in sales per quarter by Aug 2021 - $5M loan tranche 2) $10M in sales per quarter by Nov 2021 - $5M loan tranche 3) $20M in sales per quarter by Aug 2022 - $10M loan tranche 4) $100M in TTM sales by Mar 2023 - $20M loan tranche So if they are able to have these tranches available, it means they are hitting their sales targets, which means the drug is selling well.
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Post by JHam on Jun 15, 2020 12:22:37 GMT
The big news has finally hit without much excitement premarket. I think this is probably dead money for a little while, until they start to report some sales numbers, so I sold my position for a 50% realized gain. Not great, but not terrible. Baudax Bio Announces Full Commercial Launch of ANJESO™ and Receipt of Unique C-Code and Pass-Through Payment Status Effective July 1, 2020finance.yahoo.com/news/baudax-bio-announces-full-commercial-110010957.html
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