 Hey traders, this is Tosh. I go by T Bradley 90 in the my investing club chat today One of our moderators Matt who goes by Chicago trader in MIC has a how-to series every Sunday on Fundamentals or reading filings and today we have a special video on securities purchase agreements and also a look into Derm DERM and While today is just a preview of the full length video if you want to watch the full length or any of our Exclusive content than become an MIC member Hey guys, what's going on Chicago trader here checking out with the weekly fundamental video? I Apologize I was out of town last week. So I wasn't able to do a video This one is gonna be I had quite a few DMs on the Derm when it moved I'm just kind of my thoughts around it. So I'll share with that with Durham. Obviously if you guys remember it's a big 600 million dollar company gaps up, you know near a hundred percent they do an offering The thing went up pretty much for the next day or two so I kind of you know, this doesn't happen a lot or kind of an anomaly if you will but AXO sim was one of them that happened recently and told it pretty well So the first thing there's a lot of confusion that from some of the people that were DMing me On the 18th, you know, they were asking about Pricing in total and you know who is doing it and you'll notice a lot of times There's a two-day difference. So they come back in within 48 hours and they fill out The details of the offering so priced extremely well 9.8 million shares so raise to $122 million and here's where you kind of got to watch out anyway So you got city. I mean Guggenheim is a pretty good firm counting canter and so many smaller places obviously Don't have quite the reputation, but it's oversubscribed. I mean look, there's six people trying to get in on it You know, this wasn't one to just pilot and short and I've kind of actually mentioned that to him a lot of times What happens to is when you have this much Demand for a deal Say you work at city group and you know your client wants 10,000 shares of the deal You may only get allocated for 5,000 if that if you're lucky, especially smaller guys They they probably don't get very much of the deal at all So what'll happen is if they really like the deal, you know, this price at 1325 and You know if it dips to $13 they'll call their clients by in the open market if they really like the deal You know you go back I think can't remember if they had a ATM outstanding or not, but if you scroll Come check out their Netline. Yeah, so for the year. I mean look they lost 220 million dollars. So they're definitely burn it through some cash real quick but And you can kind of see like I said, it's still holding up pretty well in the daily experience afforded right there that 1275 13 area, but nothing for me to fight anyways Maybe somebody smarter than me can Give some more color on it With the securities purchase agreements there's a couple stocks that have moved recently that had them AKTX Bo XL So I think the most important thing is it's just an agreement between a purchaser In the company the company can sell, you know, usually it's over like a three or four year period They can demand that they buy, you know certain amount shares or a certain amount each day There's a little bit of varying stipulations on how they can buy it with price Hey traders, this is Tosh. I go by T Bradley 90 in the my investing club chat Just wanted to reach out and say if you have any questions about M. I see joining M. I see maybe you're a member already You have three ways to contact myself personally and through M. I see you can hit our social media You can hit me through pms in chat or you can contact us through my email at Tosh at my investing club calm That's Tosh at my investing club calm I will get back to you in a timely manner and I'm saying this because I'm here to help and I don't want anybody to be afraid To reach out and ask any question that they have we are here for you guys. All right. See you guys