Care to give us particulars?
If not please be advised that Uncle Sugar will be most interested in the details you report on your tax return.
And I strongly suggest you comply with that request.
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This stock needs good news at earnings. Moving to a new location is a great start. Honeywell has to be done their testing by now, lets see some booked future orders...
It appears that some on this board took my comment personal. It was never meant that way. I was pointing out that if it has taken 23 years and hundreds of millions to get nowhere and the best they can do is come out with a cosmetic change to an already expensive science laboratory that is unlikely to generate any profit, anytime soon, then it is still not going to drive the stock price higher. Recent buying to shore up the SP of the underlying company is not being reflected in others purchasing. They continue to be running out of money and will need more within 12 months to survive. That was straight from the CEO's own mouth in the last CC.
I have no doubt that the biotech side of MBLX has the potential to contribute something of value. However not before there is further dilution. This is supposed to be spun out and is likely being glossed up for any would be investor all the while it is costing millions every quarter. If we mortals shorts can see that, then you can be sure that any potential buyer will have a skeptical view based on historical results so far.
My comments are merely an expression of my belief that they will run out of money before there is anything of value produced. That is the reason I remain short and have done so since ($1.14 x 6 = $6.84). As for investors buying up stock it does not change the underlying cost structure of the business. Khosla and Bill Gates were injecting over $100m in KIOR less than 7 months before it went bankrupt. There is no debt, simply because there is no assets to raise debt or revenue to repay it.
People keep feeding them knowing that they are creating value and eventually a payday will come. The people who are investing in this company are doing so with 100x more information than anyone here has. If anyone is willing to put tens of millions into feed then they know the growth they’ll help create will have value. It may take time, but these sort of investors look at a 10 year time horizon with plans of making many times their investment. Meanwhile, the shorts here can save their cosmetic for their wives.
OK potential new investors. As you can see from Dagiw's 75th "recap" of MBLX's past there is nothing to see here. Just move on.
Breakthrough technology resulting in new agricultural solutions to increase yield in food, feed and energy crops worldwide is just "making absolutely no sense". No value or relevance for THAT in the future.
A company working to produce higher yielding, more drought resistant plants with an increase in seed yield is just a pig with lipstick.???
Quick recap. After massive dilution with $40m raised in the last 12 months, confirming that they will have to raise more within a year, no production, no sales, making absolutely no sense the best they can do is issue a press release that they are putting lipstick on a pig. So funny. I feel sorry at this point for all supportive longs.
Sentiment: Strong Sell
Not only about PHA anymore but about increasing the yield of soybean, canola, corn, sugarcane, wheat, rice. This is most likely why all the insider buying.
This is absolutely wonderful news well worth reporting Joe.
The news is announced, the market opens and a half an hour after the exchange starts trading in the stock, no one has bought a single share.
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None of us has a crystal ball, Some find reasons to believe others reasons to doubt. I'm just saying insiders buying is clearly an example of people closer to the situation finding reasons to believe and it is a stretch to present it otherwise. Hopefully we'll soon have more relevant news to discuss here..
Hope you're correct and Scully isn't a doofus outlier - not that I'm buying anyway. These guys have the know-how, R&D, and IP. Unfortunately the overreach with ADM may be a mortal wound. I'm thinking a sale of the co. more and more likely but wt$ do I know.
I think Andrew said it well. It just doesn't compute that one would conclude from consistent insider buying that there will be no news of commercial progress.
In most people's minds insider buying increases the likelihood that good news is on the horizon. I doubt Mr. Scully's motivation for buying was to prevent a short term low on the stock price.
It is worth considering that had these 68.5k not been acquired the stock price would have tested previous lows. Without further purchasing power and no news it is inevitable that it may continue to drift lower from here and test the $1.50 mark before the next quarter update.