Jul. 26 at 1:57 AM
$SCNX [Again] Liquidity remains the issue here, and the Company if on queue issues a very limited placement to specific investors (enumerated in the PR) for
$1.2M with the possibility of scaling to
$3.0M at a
$1.59 strike. This is Bullish (IMO). The Liquidity issue is being addressed, there is limited impact to shareholders, the
$1.59 strike is a marked premium from just 1mos ago, and this implies the Company does not require much stop-gap funding (hopefully) before administering NWC and debt organically (sales/FCF). The SP might retrace further to either the Bull flag support (
$1.8) or investor (
$1.6), and I will continue to DCA into the pull back. RSI cooling, pull-back to support awaiting Arbli sales and Rezenopy launch. Multiplier upside from this level (IMO), 6-12mos.
https://www.stocktitan.net/news/SCNX/