**Let us say I have a source**
THIS IS FOR EXPERIENCED SMALL CAP TRADERS ONLY
They had 7,504,468 shares outstanding going by their S-3 dated August 29, 2019. The S-3 has been approved and it is for $50,000,000.
$6,363,096 in cash as of June.30th, and they reported a $1,822,837 loss over the first 6 months of this year
Ownership is highly concentrated
Nijhawan Pardeep 2,106,769 shares
On June 7, 2019, the Company completed its business combination with Edesa in accordance with the terms of the Exchange Agreement (the “Exchange”). Pursuant to the Exchange, Edesa became a wholly-owned subsidiary of the Company. Dr . Pardeep Nijhawan is the Chief Executive Officer and Secretary of Edesa and a director of Edesa, positions he has held since forming the company in 2015, and each of the Reporting Persons were shareholders of Edesa. Upon the closing of the transactions contemplated by the Exchange Agreement, Pardeep Nijhawan Medicine Professional Corporation received 1,988,424 Common Shares of the Issuer, The Digestive Health Clinic Inc. received 211,506 Common Shares of the Issuer and Dr . Pardeep Nijhawan received 507,129 Common Shares of the Issuer.
Lumira Capital 1,861,943
The Reporting Persons are venture capital investors that provide capital to early, clinical and revenue stage companies that are both privately held and publicly traded in the biotechnology, medical technologies, digital health and consumer healthcare sectors.
10379085 Canada Inc. 675,218 shares
Inveready Innvierte Biotech II, S.C.R. S.A. 531,986
This leaves only 2 328 552 shares freely trading. They also sent an SEC correspondence letter requesting the S-3 be declared effective in September. This could indicate that they are eager to raise some money. (EDIT) October. 22, 2019. When a company like this files an S-3, they will sometimes pump up the price so they can attract speculators, which makes it easier to sell stock, and because the float is so low, it is easier to drive the price up
Risk only what you are willing to lose if you are going to attempt this. Don’t sell yourself short though, looks like a good gamble but, again, don’t risk more than you are willing to lose. Sell any large intraday spike. Entry would be tomorrow if you are going to do it, but if it opens strong in the premarket, jump in before you miss.
THIS IS GAMBLING! I AM NOT IN THIS PICK. ENTER AT YOUR OWN RISK. YOU SHOULD NOT USE THIS POST AS FINANCIAL ADVISE. IF YOU BUY THIS STOCK AFTER VIEWING THIS POST, YOU AGREE TO INDEMNIFY ME OF ANY LOSSES YOU MAY INCUR FROM USING THIS POST AS THE BASIS OF AN INVESTMENT DECISION. THIS IS FOR EDUCATIONAL/INFORMATION PURPOSES ONLY
GOOD LUCK, GOD SPEED. INTERACTIVESWINGTRADING
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