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Forum - Wall Street Hot Shots (Rigel Pharmaceuticals - RIGL)    Market Movement, Emerging Markets, Commodities, Options

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From: Lowfloatmagic (Rep: 12)Date: 04/18/2018 07:25
Forum: Wall Street Hot Shots - Msg #26598 - List RIGL msgs Thread #674004171 (Rec: 0)
RIGL Drug is for a VERY RARE DISEASE EFFECTS LESS THEN 1000 PEOPLE Company has 145 Million Share Float virtually no revenues Net Income Avi to Common (ttm) -77.99M
Diluted EPS (ttm) -0.62 This company is Burning money faster then a oven

Total Cash (mrq) 115.75M
Total Cash Per Share (mrq) 0.79

Operating Cash Flow (ttm) -77.56M

They will clearly need to raise more money to burn

and seeing that the drug is for a VERY RARE DISEASE That only effects LESS THEN 1000 PEOPLE the market potential is VERY VERY VERY LITTLE Blah market cap seems very bloated here for a company W NO REVENUES

Look for a Secondary stock offering to raise more money to BURN

the rest of the pipeline is a bunch of preclinical stuff SELL THE NEWS

What would you like to do? Message: Endorse | Bookmark | Report AbuseUser Lowfloatmagic: Reward | Watch | IgnoreRIGL: Ignore

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