Schwab Equity Ratings currently give MBLX an Outperform rating of "B." Could they be aware of something we aren't? Biodegradable plastic has to be the right solution throughout the world. Who wants to eat fish that have consumed fossil based plastic in their food chain? MBLX is on the right track for the right reasons and profit will flow.
Sentiment: Strong Buy
Your sarcasm must be deeply felt from your losses in MBLX. 4.1 million shares are still short and it's hard for those that are short to borrow any more. The "Sell in May" crowd is playing it safe for now so they have money for their vacations. Pity them for the gains they will miss out on. There's very little float to trade. It's hard to drive down price when there are few sellers. Average daily volume is 82,000+. Think about it; with 4.1 million shares short and average daily volume of 82,000, it would take 50 trading days for shorts to cover. That's wind in our sails!
Sentiment: Strong Buy
Same thing those living in Moore OK said before the big one hit. You'll have as much luck as they did trying "to be steady in the manipulating winds." The wind you encounter is going to take your breath away. Loading up on more MBLX. Strong tail wind headed our way. Beam me up!
Sentiment: Strong Buy
No No No ...... Pelosi has had a change of heart:
ilovepelosi • May 18, 2013 8:02 AM
"Once the bankruptcy proceedings have been completed, MBLX will go up, up, up. Nothing will be able to compete against this game changing technology. The equipment, expertise, and incredible intelligence of Antibiotic and their employees could never, ever be replicated by any other company in America, Europe, and even the universe. MBLX stock is going to make us all millionaires. Beam me up Scotty!"
This is so unbelievably frustrating!!!!!!!!! I sometimes feel that even if Exxon made a tender offer for MBLX at $10 a share cash to be paid in one week, it still would'nt be enough to get the price above $2 a share!!!!!!!!!!!!!!!!
Deja vu - all over again. It appears the shorts are right back in play with this trade. Frankly, I find that the inane translations posted on this board offer nothing meaningful (much like the Metabolix "Bio-Industrial Revolution" blog with posts like "Don't Throw Away That Toast!"). Would be useful if management could somehow shed some light on the situation at the plant in Spain.
Notice how the Blue Chips go up and small caps go down? Then the process reverses. The machine trading systems are grossly over influencing the market. It's best to be steady in the manipulating winds. MBLX will win out and ipelosi will whimper away.
Sentiment: Strong Buy
Industrial Promotion Councilman of the City of Leon, Angel Villa yesterday reaffirmed the support of the City of Leon the project submitted by the pharmaceutical Gadea, in collaboration with Metabolix and Wacker, to achieve revive Antibiotics: "It is the only plan out there and understand which is the best ", said the mayor of the PP, who criticized the current management bodies of the company, owned by Daniele Pucci. "If UGT now says he does not want or do not like, they look to see if it is able to present a better project," challenged the head of the economic area the government team of city of León, who insisitió that 'is a initiative supported by all political groups, as seen in the round table organized to present his plan Gadea. " The debate generated among industrial areas responsible for different administrative, social and political agents revealed Gadea proposal about his plans with antibiotics only had a face: firm commitment to alternative pharmaceutical directs the Leon Gerardo Gutierrez, with negative Company to continue any longer with the management decided by the Italian Pucci. UGT majority on the committee that was released yesterday unanimously.
From a related article also published today
The same paper interprets the UGT enlists Pucci option to address the future of Leon factory, not make reference to the time of decline, defaults, arrears and shutdown of the company, while doses of uncertainty emphasizes dealing to expose to "the real reasons for the transfer of the file (of creditors) to Leon, what it is that the end result is not harmful to workers, a situation that you are looking Gadea settlement does not guarantee" describes the statement Anonymous after which you can glimpse the seal of José Ignacio Ronda, president of council. "Since UGT calls Antibiotics responsible management and maintenance of jobs, not the liquidation of the company, which goes by the dismissal of all employees ...".
Once the bankruptcy proceedings have been completed, MBLX will go up, up, up. Nothing will be able to compete against this game changing technology. The equipment, expertise, and incredible intelligence of Antibiotic and their employees could never, ever be replicated by any other company in America, Europe, and even the universe. MBLX stock is going to make us all millionaires. Beam me up Scotty!
Sentiment: Strong Buy
That's incredible demand. Huge blocks of $38k, $2K, $14K, $2K, and $16K. The institutional investors are back! You just talked me out of going short. You're the type of knowledgeable investor that we can all ride the coattails on. Are there any other stocks you're long on? Stock tips please. Thank you!
Sentiment: Strong Buy
BTW, I believe the last time we saw large blocks like that it lead to a very nice run. On the sell side there is one 6k block but the rest appear to be pretty small. Hopefully the old supply versus demand thing will show up here... Perhaps ilo will go short and give the buyers the supply they are looking for.
He Ready, are you still out there??? The last time you posted here you were talking about buying back when the demand returned... Right now I'm seeing some of the largest blocks on the bid side that I've seen in a long time. They may be on the low side, but there's 19k, 1k, 7k, 1k and 8k all within 3 cents of ask
The City of Leon has reiterated on Friday his intention to apply, as a creditor who is owed nearly two million, the transfer of the bankruptcy of Antibiotics from Commercial Court No 10 of Madrid to the courts of the city of León .
A process that has some time yet, as recalled by the government team spokesman, because in the first place should be admitted to the competition process so that later the ex officio judge decides whether or not the court competent to carry out this bankruptcy proceeding.
It will be at that time when the council of the capital perform witnessing, as pointed Mead Friday Benito, to request, if necessary, the transfer of the case to the Courts of Leon.
"Once we personates in the cause because the City of Leon have a legitimate interest, we may ask the court of Madrid to move the case to a court of Leon understanding that bankruptcy proceedings be substantiated in the square where is the main interest of the company, "said Lopez Benito.
An interest which, he stressed the popular, is beyond doubt is in Leon which is where the factory and the registered office of the company.
Thus, the City of Leon will have to wait for the judge's decision to subsequently take action in the matter, and Benito Lopez has said that will remain "vigilant and attentive" of how the process unfolds.
Gerardo Gutierrez set your project to a horizon of 2017 with sales of 74 million euros. Gadea President raises the liquidation of the company and indicates the value of the factory in 16 million.
A bare-chested and openly. This is how the group's president Gadea, Gerardo Gutierrez, captured the future plan that has worked "more than one and a half" and which intends to invest 45 million to revive Factory 240 Antibiotics and ensure current 297 jobs.
"And this project is done or made" Gerardo Gutierrez said during his speech at yesterday afternoon at the round table on the future of Antibiotics organized by the Press Club of DIARY OF LEON. "O is done here in Antibiotics, in Leon, or done out here, but there is no doubt that this project is done because it is in our business plan," Gutierrez pointed to the municipal representatives and the Junta de Castilla y Lion present at the meeting and before an audience, mostly factory workers Leon, which packed the Press Club.
It's clear what is the head of Gadea did not hesitate to give specific dates and figures and sales investment. Some dates that last as long in 2017, in which he states that antibiotics factory set to reach sales of 74 million euros. "But if we start now in the last quarter of this year, which is the horizon that marked the beginning of our project, and in 2014 sales could reach 40 million," explained the head of Gadea.
Gutierrez called for unity of all to save Antibiotics, "because here is not Gadea which it plays, it plays Antibiotics, their workers and Leon society as a whole", he said, immediately afterwards to insist on the viability of their project that attempted to launch in China, where it caught on "because there is a culture shock that makes working in China is not as simple as one might think. Cheap but costly in the end, "he noted.
But for the project to succeed takes effect and is necessary for the current owners, with Daniele Pucci "who-said Gutierrez-not spoken nor will I ever
Feared and equal parts announced the voluntary bankruptcy creditors of Antibiotics has taken shape on Thursday after the chemical company management official from proceeding with this process in the Commercial Court of Madrid No. 6.
It was around 12:00 hours on Thursday when the secretary of the company has received notice of the creditors' voluntary bankruptcy after the feast of San Isidro prevented the procedure give legal tender on May 15, the day the preconcurso expired.
The council has stressed the need for bankruptcy is transferred to the Commercial Court of Leon where Antibiotics "has a very important role." Thus urged, as they did to City Hall, a creditor requests this transfer to "give this company the importance of the capital".
Antibiotics, immersed in an unprecedented crisis
A new step that is part of the serious crisis in antibiotics since last June communicate management intends to submit a Record of Employment Regulation initially affect 57% of the workforce.
A ERE has left immersed in complete paralysis to one of the most iconic companies in the capital that gradually dies stricken by defaults in the direction which resulted in the cutting of gas and electrical supply, affecting the purification of the company, a key to operate.
Hence, the streets of the capital have become in recent weeks in the setting chosen by the workers to star in countless protests demanding dowry responsible management of one company with future viability and, according to the company reiterated currently has workload for all staff.
Much noise, however, has received only silence in response the Board and company management have not revealed their intentions or possible negotiations that may be taking place.
The last to come to the fore in this crisis has been the Leonese group Gadea has made clear its intentions to become, along with the American and German Metabolix Wacker, with the iconic Leon.
As workers, they should have returned to their jobs this week, are waiting for t
I agree with lntw0, I would be careful shorting this one. The comp still has intrinsic value of around $39mil, based purely on its cash & liquid assets less debt, which is surprisingly minimal. Cash burn rate at $2.6mil a month, which should last them until mid 2014, before which they will no doubt raise/borrow more money.
That said, the company faces 2 potential litigation pay-outs, which due to unquantifiable exposure they have no accrued for.
fwiw I sent two emails to IR asking for some "motherf@@@@@ clarity" other than google translate. I'm usually an even tempered person, but this is ridiculous.
Wondering how this will be covered at the shareholder's meeting. Sure some of it is in flux now (and even court dependent) but it's not clear what form the Chinese partnership is taking and it appears a EU plant is key for plans regardless of additional manufacturing capabilities elsewhere. Really need clarity here soon. Seems from what we can guess: both Wacker and MBLX are planning production elsewhere unless this can be solved soon. Local labor is owed money but probably does not want to lose all jobs and likely would support a plan starting up the factories. Wacker and MBLX could be complimentary if this could plant be solved quickly. Folks are probably happy about that oncept but I bet it is dependent on each working together to fill plant capacity here and may not be as logical a relationship if each are scrambling for other facilities.
If there are hints this might be on pace for a solution, MBLX shares should benefit going into the shareholders meeting. If not, the shares are dependent on new supply from China or finding cash and executing a different plan for production.
Eno could still prove me wrong on this but I still think the best course of action was going after industrial chem specific production first (even if less efficient or less flexible than diversified production capabilities) as any profitable business is a game changer for the stock.
Sentiment: Strong Buy
I get the impression that the workers and the city both want to get the plant re opened and going again, but Mr. Pucci has run low on funds. If he can find an investor then he might be able to get things going again and pay owed payrolls; unfortunately it is a lot of money so it is unlikely he will be able to find an investor who will share his risk (more likely he’ll have to sell the company at a small loss). It appears that the workers and the city are trying to get the case moved locally so they can expedite bankruptcy proceedings, find an investor and re open the plant, but Mr. Pucci isn't ready to give up control so he may tie up the process in Madrid’s courts rather than let proceedings move to Leon. It is understandable why he wants to retain ownership, yet if he can clear up massive debts by letting go via bankruptcy then that may be the best thing to do. There are a lot of people out of work and that’s all on him and his conscience; it is probably best to let the company go and move on. That's what I'd do...