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0 0.00306382978723408 0.0106382978723404 -0.0148936170212767 -0.0139148936170214 -0.0148936170212767 -0.0170212765957447 -0.014063829787234
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Biocept tries to break downtrend, up 27% [Seeking Alpha]

BIOCEPT (BIOC)  More Company Research Source: Seeking Alpha
Last biocept earnings: 5/15 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.biocept.com/investor-relations
PDF Biocept tries to break downtrend, up 27%Ultra-thinly traded micro cap Biocept (BIOC+26.9%) is up on a whopping 195x surge in volume as shares try to break an intermediate downtrend that began about a month ago. The stock has been mired in a long-term downtrend that began about 18 months ago, however.Today, the companyannounced that investors need to purchase common shares by Thursday, July 19 in order to be considered shareholders of record on Monday, July 23, a qualification for its previously announcedrights offering.Shareholders of record will receive one non-transferable subscription right for each common share owned. Each right entitles the holder to purchase one unit at $1,000 per unit. Each unit will consist of one share of Series A Convertible Preferred Stock valued at $1,000 (immediately convertible into common shares at $4.53) and 220 five-year warrants to purchase common shares at $4.53.Subscription rights may be exercised from Tuesday, July 24 until 5:00 pm ET on Wednesday [Read more]

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