he meant ~ one MT/million. While I'd like to see these guys succeed it's hardly anything to get excited about. The only thing that will save their hinnies is PLA blending. The ONLY action to focus on is in single use hospital items and fibers. imho.
The Attorney General Report indicates that for every million people there is 1 ton of microbeads. So the US market is 320 tons. Total!!!!!. Even allowing for 6 billion in the world, probably 30% don't even have access to water, let alone peeling skin treatment, it still leaves a total world market, India, China and Africa included, based on the high consumer usage in the US at 6,000 tonnes. That is 100% the size of the global market for microbeads and alternatives. More likely that is less than 40% of that which is perhaps 2,400 tonnes.
Microbeads saving MBLX is pure fantasy because there is nothing to that market at all.
The math seemed to change along the way, it is 320 tons total based off what was said in the first comment. Thou I am not sure where the market share for Honeywell is coming from, if you research them they are both a user and supplier of Microbeads. Signing a deal where Honeywell is the only supplier to the market seems to me as a win - win to both sides, and this is a global market not just in the USA.
Maybe I am mistaking your comment. The total US market size for microbeads is 320 tonnes. Honeywell control less than 1% of the market for this product, so assuming it works then MBLX can sell 3.2 tonnes a year. Hardly earth shattering.
So if you have a national ban of 350 million people, that would be a significant amount of market to sell to, especially knowing microbeads will not be their main focus which happens to be PHA to PLA. If their PHA passed all of the QA tests from a company like Honeywell, I suspect their product will pass the tests of many other companies. Seems like the insiders are banking on it!
Sentiment: Strong Buy
From a New York Attorney General Office report on Microbeads. (Search using those words to find it online)
"Overall, the annual per-capita consumption of microbeads from cosmetics and personal care
products in the United States is estimated at approximately 0.0309 ounces per person per
year. With over 19.65 million people living in New York State, this adds up to nearly 19 tons
of microbeads potentially being discharged into New York’s wastewater stream each year."
By this report, with cited scientific publications providing supporting data, the microbead market size of the United States is no more than 1 ton per person, per year. Not thousands or millions of tons, just a total of less than 320.
MBLX have exclusively agreed to develop and commercialize their microbeads for a company with less than 1% of the US market in skin care products. There is a list in the report and Honeywell don't even merit a mention.
These were options that were paid for by a surrender of a portion of the employee bonus. So unlike options that cost nothing and then you pay a price for the stock these were options that were paid for and then give you a right to buy the stock i'm guessng they were gratned at the 25 cent per share cost of the investment. This is a sign of executive commitment PLUS an easy source of cash for a cash starved company
I thought you made a valid point about the importance of showing respect to each other as per Dagiw's example so I responded to you.
I guess I did respond to the wrong person.
Dagiw to his credit may never be grounded in zero sum emotionalism as he makes a sincere effort to respect opposing positions but I would say he is always grounded in zero sum logic. That is his conclusions make the shorts the absolute winner and longs the ultimate loser.
The problem is sometimes his logic is unfair and not always devoid of emotions at least towards MBLX.
For instance his metaphor of this company acting like an alcoholic only caring about their next scotch with no concern for how they will even pay for future drinks implies a reckless, unscrupulous Management team that isn't even thinking about finance options.
Clever image but is it fair???
It's an insider taking equity instead of a cash bonus: http://www.conferencecalltranscripts.org/4/summary2/?id=1594608
MBLX is a good company with a strong future, but there are a few ding dongs on here that will try to convince you otherwise. Birchview and Oracle are recent investors (8/2014) that have a history of investing in companies that rally over time (AXDX).
Sentiment: Strong Buy
My reading of the SEC filings indicate that they were Long Term Incentive Plan shares issued so that they could not sell any immediately. This is normal strategy to align executive management with stockholders rather than just having them as employees. If things go well, everyone wins. If things don't go well, then only stockholders lose out financially as the price drops and when the $0 cost options do vest and insiders want, or need to sell, then there is price pressure.
But to clarify, this is something that goes on in all companies and is usually positive. that said I think everyone knows my opinion on this stock, not much of it is positive over the next few months when they have to dilute stockholders further.
Looks like April 1st must have been bonus days as many insiders had Acquisitions (Non Open Market) at $0 per share. That said, there is no notice of any one immediately selling said shares for a quick cash influx to their pockets, according to the Insiders Transactions section on YaHoo Finance.
This seems like a good sign that they are holding. Hopefully it is not just a hold in an attempt to get the price up, and it is a hold as they think it is going higher shortly.
Whats the groups thoughts ?