Spencer Trask is a private equity firm, they fund private companies, not public, and bring private firms out to the public. They are not "stock brokers" My guy no longer has any interest in ONVO except in the fact the company and its bigger players probably still have shares of the now public company. Someone who was in on the financing put x dollars in and got x shares for a dollar each before it went public AND had a warrant to buy x more shares at a dollar up to a certain date after it went public. It has been in the news for a while that ONVO was calling in all the warrants and cleaning up the debt on the balance sheet to satisfy the listing requirements to be listed on NASDAQ. This was news a month or two ago, and frankly it slipped my mind until I was reminded of it on this phone call yesterday as we reminisced about all the good investments we have done together. I believe the listing requirements include a price of over a dollar and some other stuff listed here....
This is clearly what ONVO has been planning on, any "real" company of course does. When it does happen there will be a nice pop to the upper sinl;ge digits I suspect.
I am playing the swings and keeping a core of shares always on place.
My opinion and experience, take it with a grain of salt.