InteractiveSwingTrading
Long

Just an Idea. A Lot of Promotional Activity.

NASDAQ:OBLN   OBALON THERAPEUTICS INC

The selling looks to have dried up, but if you've been watching this company for awhile, you probably will have noticed the comments are quite active. Could see a little bit of action.

Also, several insiders bought shares in the offering.

Look for a 10-20% increase. Don't bet the ranch (obviously). This isn't the second coming of Christ; we are talking about a balloon for fat people folks. Cheers lol.

3/4er's entry if you want to be aggressive, or 1/2 if you want to play it safe. You would add the rest at 2.00ish or on the breakout, but you have to be quick to the draw on the way up



‘424B4’ on 8/2/19
As of June 30, 2019, our cash and cash equivalents were $13.5 million. However, the terms of our loan and security agreement with Pacific Western Bank require us to maintain a cash balance in our accounts with the lender in an amount equal to or greater than the outstanding indebtedness, which effectively limits our access to our cash and cash equivalents. As of June 30, 2019, we had $5.0 million in debt outstanding under our loan and security agreement and approximately $8.5 million in available cash.


5,573,281 shares outstanding

InterWest Partners X, LP - 398,974

Domain Parters VII LP - 1,000,933



Lincoln Park has committed to purchase up to $20.0 million of our common stock from time to time over a 36-month period that commenced on February 13, 2019.

As of June 30, 2019, we have sold 378,940 shares to Lincoln Park.
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