Two eye-opening announcements over the last couple of days jumped shares of Second Sight Medical Products (EYES) above $6 per share.
The first boost came after the company announced its prosthetic eye will be featured in an episode of HBO’s “Vice” titled “Beating Blindness.”
Though its implantable visual prosthetic isn’t specifically mentioned in the show airing Feb. 26, EYES product appears to be visible in a preview.
The second boost came when EYES announced five-year data from its Argus II clinical trial will be unveiled today, Feb. 24, during the 39th Annual Macula Society Meeting in Miami Beach.
EYES will of course happily accept all promotional effects.
But those 15 minutes of fame won’t change the very real issues that will drop this stock.
Here are TheStreetSweeper’s top four reasons investors should keep eyes wide open on EYES:
*Dual Promotions Signal Potentially Dilutive Stock Offering
As the promotional efforts mentioned above attest, EYES has stayed unusually busy lately churning out press releases.
They’ve produced eight press releases since Nov. 24, with four of those released this month. The snapshot below highlights the company's latest promos:
(Source: Company website)
While the "Vice" episode may be serendipitous, the vigorous promotions are not. Instead, we believe there's a method to their madness. The company needs to push out a potentially dilutive stock offering. Read on to understand all the signals pointing that direction.
*Cash Down, Losses Up