Clearside Biomedi (CLSD)

$0.32 -0.03 (-8.61%)
Market Cap 26.06M
Revenue (ttm) 1.66M
Net Income (ttm) -34.35M
EPS (ttm) N/A
PE Ratio 0.00
Forward PE N/A
Profit Margin -2,069.28%
Debt to Equity Ratio 0.00
Volume 1,351,424
Avg Vol 5,568,396
Day's Range N/A - N/A
Shares Out 78.51M
Stochastic %K 52%
Beta 2.11
Analysts Sell
Price Target $4.00

Company Profile

Clearside Biomedical, Inc., a biopharmaceutical company, focuses on the revolutionizing the delivery of therapies to the back of the eye through the suprachoroidal space. The company offers XIPERE, a triamcinolone acetonide injectable suspension for the treatment of macular edema associated with uveitis. It also develops CLS-AX, an axitinib injectable suspension for suprachoroidal injection, which has completed Phase 2 clinical trial to treat wet AMD. The company has a collaboration with bausch...

Industry: Biotechnology
Sector: Healthcare
Phone: 678 270 3631
Fax: 678 270 4033
Address:
900 North Point Parkway, Suite 200, Alpharetta, United States
maphere
maphere Jun. 8 at 7:55 PM
$RGNX $CLSD Quick look and it appears that Clearside is going to reorganize, here's AI take: Key DetailsThe License Remains Intact: Regenxbio has an exclusive worldwide license (exercised in 2019) for the SCS Microinjector specifically for delivering AAV gene therapies (notably RGX-314 / ABBV-RGX-314) in wet AMD, diabetic retinopathy (DR), and related indications. This license includes supply obligations from Clearside. In a Chapter 11 reorganization (as opposed to a full liquidation), existing executory contracts like this license are typically assumed by the reorganized company. Steel Partners Reorganization:Steel Partners is providing new capital and becoming a major owner of the reorganized Clearside. The plan focuses on preserving and monetizing the SCS platform and licensing agreements (including Regenxbio’s). This is far better for partners like Regenxbio than if a random low bidder had won the assets and potentially tried to renegotiate or disrupt supply.
2 · Reply
PhatTonyC
PhatTonyC Jun. 8 at 7:20 PM
$CLSD 0.01??
2 · Reply
jbal
jbal Jun. 6 at 11:53 PM
$CLSD Federal corp tax rate is 21%. NOLs are worth $52M (250M NOLs), plus a $12M carried R&D tax credit, so the total value of the shell is $64M. Yet the CLSD team has negotiated a deal with Steele that lacks a guarantee for even a small portion of this money to be paid to CLSD shareholders. Steele can dilute class A shareholders 1000x, and then fold a profitable company into clsd and take the NOLs. You could own a worthless, infinitesimal portion of this new combined company. It will be trading on the pink sheets with no SEC reporting (that is a fact included in the docket). The proposed reverse split is in the docket too. Trying to get more info. But for now, I'm holding my vote with an intent to vote no unless they come up with a better deal for shareholders where there is an assurance we get paid at least a portion of the NOL value. I'm not the only large shareholder in this camp. They need yes votes from 2/3 of the votes cast for the proposal to pass. Voting deadline is 6/24.
2 · Reply
JaumeIII
JaumeIII Jun. 2 at 1:51 PM
$CLSD Vote yes or no? Any other bidders might pop up between now and the 24th, maybe?
1 · Reply
petied0006
petied0006 May. 25 at 1:01 AM
$CLSD haven't been here in a long time.....still trash I see
0 · Reply
buyandsold
buyandsold May. 22 at 8:32 PM
$CLSD Someone fat-fingered a 3.5 cent trade today. It was good to see what my portfolio will look like once the reality comes to bear.
2 · Reply
SQUEAKSBANDIT
SQUEAKSBANDIT May. 7 at 4:08 PM
$CLSD I haven't been around nearly as long as many of you guys but does anyone think what happened here borders on the criminal ?
2 · Reply
rando321456
rando321456 May. 4 at 7:52 AM
$CLSD It's gonna be super annoying when Xipere is 10-15% of steroid injections in the eye due to the IOP advantages. https://eyesoneyecare.com/resources/unlocking-the-potential-of-suprachoroidal-space/
0 · Reply
buyandsold
buyandsold May. 3 at 12:05 AM
$CLSD the new bear case is Steel Partners merges in a portfolio company on unfavorable terms to Class A, and your 70% economic interest in a hollowed-out shell is worth pennies. The Steel Connect parallel plays out.
1 · Reply
buyandsold
buyandsold May. 2 at 11:10 PM
$CLSD The plan language is explicit: Sale Proceeds fund Bankruptcy Expenses first, and then any remainder is retained by the Reorganized Debtor — not distributed to Class A shareholders. So if there's $2M left over after all the fees and settlements are paid, that money sits inside the reorganized company, on the balance sheet, under Steel Partners' effective control via their 80% voting power and board dominance. The only cash that flows directly to existing shareholders is whatever scraps remain in the $1M Claims Reserve — and that's Steel Partners' own money being recycled, not proceeds from our assets being sold.
1 · Reply
Latest News on CLSD
No data available.
maphere
maphere Jun. 8 at 7:55 PM
$RGNX $CLSD Quick look and it appears that Clearside is going to reorganize, here's AI take: Key DetailsThe License Remains Intact: Regenxbio has an exclusive worldwide license (exercised in 2019) for the SCS Microinjector specifically for delivering AAV gene therapies (notably RGX-314 / ABBV-RGX-314) in wet AMD, diabetic retinopathy (DR), and related indications. This license includes supply obligations from Clearside. In a Chapter 11 reorganization (as opposed to a full liquidation), existing executory contracts like this license are typically assumed by the reorganized company. Steel Partners Reorganization:Steel Partners is providing new capital and becoming a major owner of the reorganized Clearside. The plan focuses on preserving and monetizing the SCS platform and licensing agreements (including Regenxbio’s). This is far better for partners like Regenxbio than if a random low bidder had won the assets and potentially tried to renegotiate or disrupt supply.
2 · Reply
PhatTonyC
PhatTonyC Jun. 8 at 7:20 PM
$CLSD 0.01??
2 · Reply
jbal
jbal Jun. 6 at 11:53 PM
$CLSD Federal corp tax rate is 21%. NOLs are worth $52M (250M NOLs), plus a $12M carried R&D tax credit, so the total value of the shell is $64M. Yet the CLSD team has negotiated a deal with Steele that lacks a guarantee for even a small portion of this money to be paid to CLSD shareholders. Steele can dilute class A shareholders 1000x, and then fold a profitable company into clsd and take the NOLs. You could own a worthless, infinitesimal portion of this new combined company. It will be trading on the pink sheets with no SEC reporting (that is a fact included in the docket). The proposed reverse split is in the docket too. Trying to get more info. But for now, I'm holding my vote with an intent to vote no unless they come up with a better deal for shareholders where there is an assurance we get paid at least a portion of the NOL value. I'm not the only large shareholder in this camp. They need yes votes from 2/3 of the votes cast for the proposal to pass. Voting deadline is 6/24.
2 · Reply
JaumeIII
JaumeIII Jun. 2 at 1:51 PM
$CLSD Vote yes or no? Any other bidders might pop up between now and the 24th, maybe?
1 · Reply
petied0006
petied0006 May. 25 at 1:01 AM
$CLSD haven't been here in a long time.....still trash I see
0 · Reply
buyandsold
buyandsold May. 22 at 8:32 PM
$CLSD Someone fat-fingered a 3.5 cent trade today. It was good to see what my portfolio will look like once the reality comes to bear.
2 · Reply
SQUEAKSBANDIT
SQUEAKSBANDIT May. 7 at 4:08 PM
$CLSD I haven't been around nearly as long as many of you guys but does anyone think what happened here borders on the criminal ?
2 · Reply
rando321456
rando321456 May. 4 at 7:52 AM
$CLSD It's gonna be super annoying when Xipere is 10-15% of steroid injections in the eye due to the IOP advantages. https://eyesoneyecare.com/resources/unlocking-the-potential-of-suprachoroidal-space/
0 · Reply
buyandsold
buyandsold May. 3 at 12:05 AM
$CLSD the new bear case is Steel Partners merges in a portfolio company on unfavorable terms to Class A, and your 70% economic interest in a hollowed-out shell is worth pennies. The Steel Connect parallel plays out.
1 · Reply
buyandsold
buyandsold May. 2 at 11:10 PM
$CLSD The plan language is explicit: Sale Proceeds fund Bankruptcy Expenses first, and then any remainder is retained by the Reorganized Debtor — not distributed to Class A shareholders. So if there's $2M left over after all the fees and settlements are paid, that money sits inside the reorganized company, on the balance sheet, under Steel Partners' effective control via their 80% voting power and board dominance. The only cash that flows directly to existing shareholders is whatever scraps remain in the $1M Claims Reserve — and that's Steel Partners' own money being recycled, not proceeds from our assets being sold.
1 · Reply
buyandsold
buyandsold May. 2 at 6:44 PM
$CLSD What Steel Partners did at Steel Connect: They issued themselves 16% of the company in convertible preferred stock in 2017, then later tried to take the company private with lowball offers while minority shareholders argued the company's $2.X billion in NOLs were being drastically undervalued. (Specialsituationinvestments) This led to a lawsuit — Reith v. Lichtenstein — alleging breach of fiduciary duty and unjust enrichment in connection with the issuance of $35 million in Series C Convertible Preferred Stock to Steel Partners affiliates. (sec) It ultimately settled for $6 million, with Steel Partners and its affiliates waiving their right to any portion of that distribution (Investing.com) — an implicit acknowledgment that minority shareholders had been harmed. The NOL parallel is striking. The Steel Connect playbook was: get control of a company with massive NOLs, use them for your own benefit, and give minority shareholders as little as possible.
1 · Reply
buyandsold
buyandsold May. 2 at 2:53 PM
$CLSD Steel Partners shafted me on my Steel Connect play. I am not optimistic with these guys!
0 · Reply
rando321456
rando321456 Apr. 30 at 4:54 AM
$CLSD lmao they're actually reorging, though I don't think the resulting entity will own any of Clearside's assets outside of the tax attributes, hopefully whoever has any shares gets a dollar or two here.
2 · Reply
OpendoorLambo
OpendoorLambo Apr. 28 at 5:11 PM
$CLSD why don't this terd float? its a sinker
0 · Reply
SQUEAKSBANDIT
SQUEAKSBANDIT Apr. 28 at 5:02 PM
$CLSD has anyone tried to place a buy or a sell today? did you have to call up?
0 · Reply
SQUEAKSBANDIT
SQUEAKSBANDIT Apr. 28 at 1:27 PM
$CLSD https://www.otcmarkets.com/stock/CLSDQ/overview Warning! This security is eligible for Unsolicited Quotes Only This stock is not eligible for proprietary broker-dealer quotations. All quotes in this stock reflect unsolicited customer orders. Unsolicited-Only stocks have a higher risk of wider spreads, increased volatility, and price dislocations. Investors may have difficulty selling this stock. An initial review by a broker-dealer under SEC Rule15c2-11 is required for brokers to publish competing quotes and provide continuous market making. Warning! This security is traded on the Expert Market The Expert Market® serves broker-dealer pricing and investor best execution needs. Quotations in Expert Market securities are restricted from public viewing. OTC Markets Group may designate securities for quoting on the Expert Market when it is not able to confirm that the company is making current information publicly available under SEC Rule 15c2-11, or when the security is otherwise restricted from public
1 · Reply
wishpotion
wishpotion Apr. 28 at 1:00 PM
$CLSD Did everyone sell before transfer to the next market has happened, or are there still some hold & wait till the end freaks like me left ?
3 · Reply
SQUEAKSBANDIT
SQUEAKSBANDIT Apr. 27 at 7:38 PM
$CLSD approx 22 minutes left on the pinks ssuming there is no last minute reprieve kinda quiet
1 · Reply
SQUEAKSBANDIT
SQUEAKSBANDIT Apr. 23 at 6:23 PM
$CLSD anyone take the opportunity to sell some? buy some? the dockets invariably read .... clearside responsible for $$$$$$$ to lawyer/consultant/etc for past services rendered nothing positive
0 · Reply
buyandsold
buyandsold Apr. 23 at 6:22 PM
$CLSD fun while it lasted
0 · Reply
liquidx_rs3
liquidx_rs3 Apr. 23 at 3:18 PM
$CLSD Reason for this up move?
2 · Reply