Indeed...That was an optimistic call. Specific companies were identified as opposed to "making progress". Who on earth believed that it would be a "good quarter" just weeks after several insiders bought at $3.22?
We're all reading tea leaves here until something is formally announced. I have no specific insight when or if it will ever happen. My take is that several big money guys put relatively big money behind this. You have a CEO with a Skadden background who won't make much money unless this thing takes off. If Shaulson were to leave it would be a race to the exits--and, all he's done is put more of his own skin in the game.
My gut tells me that they will have a deal with Honeywell announced sooner rather than later. Shaulson and his Wharton degree certainly can calculate his monthly tax burn. My belief is that something will get done but until that happens this will drift downward on no news.
What a bunch of gobbledygook. That was supposed to be good analysis? The tone of the call was optimistic? Hee Hee Did your girlfriend pick your Yahoo username?
Sentiment: Strong Sell
It wasn't a cheap stock then, and it isn't a cheap stock now. Let me guess, you were one of those "investors" that was forced to sell all of your MBLX stock this week due to margin calls. Am I right?
Sentiment: Strong Sell
We are in agreement that MBLX has to generate "real revenues" as Shaulson referred to in the last conference call. Lack of analyst coverage does not concern me. The ability to produce a cash generating product is all that really matters.
Will they ever get to that point? And if they are able to produce something, when will that occur? Those are the questions that matter most. The one analyst who does come to the conference calls is borderline worthless.
What is not debatable is that some very smart people threw substantial amount of money believing that this management team would be able to accomplish the aforementioned. Additionally, a number of mid level insiders bought stock as well. And lastly, the tone of the last conference call was, in my mind, optimistic for the first time.
I'll close by stating something else that we will agree upon. I have no certain answers to the questions posed. If I knew that they would be able to come up with a salable product (i.e. Honeywell and Metabolix make a joint announcement regarding beads with L'Oreal as its first customer) they certainly wouldn't be telling me or for that matter anyone else until they file an 8-K.
We are in agreement that they cannot continue along this path forever.
Little Jimmy, this is an investor forum, subject to participants opinions. That is all they are. You don't have to read them and should not take offense at the content.
Specialty or commodity, daveedandlaura pointed it out correctly. This was always a speculative stock, more so when ADM walked away. Until that time it was a commodity play with a strategic partner with a lot of financial and resource fire-power behind it. After that it became a pure speculative turnaround opportunity.
Before the new CEO arrived it was being managed in a downward spiral in a failed business. Since the new CEO came on board, he sought to turn it around by focusing on specialty additives. Absolutely correct approach, but, without any production and with a heavy legacy overhead burn rate it was inevitable that the weight was going to crush it, and continues to do so. That is why the shorts are winning. Nothing to do with PHA at all.
Contrary to what you suggest this is not about what type of PHA it is, or is not. It is about survival of a company that resembles a pre-revenue startup. Frankly right now it is not much more than a cash shell with high overhead. Speculative, with a high cost, but lack of production, in a low cost petrochemical environment. The investment community, without analyst support walked away long ago. It is being treated no different to GEVO, KIOR, AMRS, BIOA, DYAI, CDXS and even SZYM.
MBLX has been still is and will still be in the foreseeable future a speculative play.
Companies with little or no revenues, huge NOL's are the type of companies one should invest in if and only if they have the money they can comfortably lose in its ENTIRETY, without placing yourself and or your family in financial jeopardy.
One has to ask themselves, what is my risk tolerance?. If you invested in MBLX without considering that there was a possibility of losing all of your investment in this company, then shame on you,
you are to blame,not MBLX management, not government regulations, not hedge funds not Lynn Tilton, not Obama, et all you and you alone are at fault.
Yes I have some "skin in the game" and have watched my 3000 shares shrink to 500 as a result of the 1/6 stock split Yes, I am not happy of the potential prospect that my investment may very well be ZERO, in the very short term. Actually, I would not be surprised that that event in the short term takes place.
I assessed my financial situation, determined how much I could comfortably lose in this stock, and purchased accordingly. That should be task 1 in each and every investment decision one makes.
Your ability to attack dwarfs your ability to analyze:
MHG produce COMMODITY PHA. while MBLX's pilot facility will produce SPECIALITY PHA. MBLX abandoned commodity PHA long ago. If you read MBLX's conference call presentation or maybe actually LISTENED to what Mr. Shaulson said you might be able to understand this.
That said....MBLX still has to show some real revenues (also on the conference call) sooner as opposed to later. But get your facts straight. There's plenty to criticize regarding this company's execution but you certainly lose credibility when you botch up basic facts.
Doing the math. New cash injected into the company since CEO arrival $40m. Value of MBLX now $48m. Amount being spent on the non-commercial plant "spin-out" (read closed with losses) likely to be $14m before it is eventually disposed of. Result is a negative enterprise value to all previous investment in the last 24 years. Future injection of cash required within 12 months, so further dilution. New investors clearly can't be too impressed. As a short it has always been a dead company walking. Even now it remains a sell.
$1.75/1 for 6 reverse split = .29 cents per share current price.
Who are the greater fools - management or us idiots who have invested in them?
What a disaster!!!!
Are you referring to Impact Wrestling CEO Dixie Carter? Tim one thing she is not is fat.
Patriarch Partner CEO Lynn Tilton? She's barking right now, but once after her scheduled SEC hearing in October, she might be singing. I'll defer my opinion on her physical stature.
MHG Announces Large Scale PHA Production Using 1st Commercial Scale Fermenter. MHG’s Chief Executive Officer, Paul A. Pereira announced the company has become the world’s largest producer of PHA with the startup of their first commercial scale fermenter. This event, along with an advanced technology platform, continues to place MHG at the forefront of the bioplastics industry. Should be another down day today so.
Sentiment: Strong Sell
You are correct, the shorts have gotten it right thus far. Just one question, why is that MBLX seems always get another infusion of cash? Unfortunately it's just a long play. Not worth selling or shorting here...
Rijnstate now wants to go a step further. "Using the list of bio-based materials from Wageningen UR we will try a much bigger part of our hospital to ferment," says Koster. The list includes not only the known disposable coffee cups but also all kinds of sputumbakjes, syringes, linens, hats, shoes and gowns.
The consideration to deal with digestion and a transformation towards biobased to work, coincides with an expansion of hospital capacity and strategic plan. Rijnstate Hospital wishes to combine plans with an ambitious reduction of the ecological footprint and thus reduce the annual 600 thousand kilograms of waste, achieving a reduction in CO2 emissions and reduce its water consumption.
At Wageningen UR Food & Biobased Research researcher Martien van den Oever makes clear that not only the PHA bioplastic is eligible for fermentation. 'Pads, textiles and mountain tissues used by hospitals, are unlikely in the future with little effort be mistaken,' thinks Van den Oever. It has been calculated that 160 thousand kilograms of material which is at least partially in Rijnstate handles fermentable or of a fermentable equivalent can be made. "It provides an amount of biogas equivalent to 70 thousand liters of diesel or 2.6 TeraJoule, which is over 700 thousand kWh of power."
Rijnstate Hospital has a laundry list of hospital items can now be made from fermentable bio-based materials.
The waste can be directly on the ward vershredderd, after which it enters a fermentation unit via the sewer. The innovation provides energy, produces less waste and improves hygiene and logistics. It is partly a result following a feasibility study by Wageningen University.
The bedpo is probably the most famous hospital product. Nurses need to bring the gleaming steel pots for a washing machine where they are cleaned. Lots of work, lots of energy, lots of washing water and detergent is the result. As far as Marc Koster of Rijnstate of property department, it is different from 2017. "We think we can grind with 51 shredders in various places in the hospital disposables and they ferment at a central point for biogas," says Koster.
There is not only served with the environment. Koster says an outright business case. "From day one we're going to make the investment, there is a positive net present value. After eleven years we have recouped the entire investment, "says Koster. The inspiration for the fermentation process of the Reinier de Graaf Hospital in Delft. That hospital already embraced in 2010 the concept of the company Pharmafilter. In Delft grinds the shredder now for several years as department waste meal leftovers, bedpo's blood bags and dishes.
Dishes, bedding and gowns fermentation
"Tonto" is the shredding of Pharmafilter baptized, Spanish for "a dwaas'. The crushed products are to be separated a central unit where solid particles and water. The organic share going to the digester, indigestible parts and conventional plastic comes in a sludge fraction and the aqueous fraction is treated in a membrane bioreactor, activated carbon and ozone after making short work of drug residues.
I'd be embarrassed to let anyone know I'm an owner of MBLX stock. Have you seen the short ratio on this stock? The SMART money has been shorting this stock for many years, and they have been right year after year after year after year after year after year after year. More dilution coming. Just a matter of time before it's sold.
Sentiment: Strong Sell
I'm thinking about gambling on this stock again. Next time it gets back under 50 cents I think it might be worth the risk. I don't feel sorry for the longs as anyone that would buy this stock over past 3 years knew that it was purely a gamble or was a complete idiot. This is purely a speculative stock with ZERO track record of delivering any value to shareholders. You would have to look long and hard to find another company where over $600 million has been invested over several years and there is still virtually ZERO product revenue. The little used car lot down my street has more revenue than this POS company, and the owner is high school drop out or smokes crack!
Sentiment: Strong Sell
I am up 900% thanks to the last pick I got from PennyStock101 (org). You can sign up for free. Just look for them up in Google or yahoo search.
Their expenses will drop dramatically as they consolidate their MA offices. They also talked about selling much more in the near future. Cheap stock
Sentiment: Strong Buy