Reddy in what few hours I had looking into the AXDX situation it is puzzling,in the extreme. There is a 17% short position yet there are only 18% free float, with 86% said to be insiders. Those math do not add up unless some insiders are loaning their shares for shorting. There are no more shares to borrow to short. The only way to do this via CFD but even then the underlying institution tends to want cover so they look to borrow the shares anyway.
There is nothing anywhere that suggests the company is worth greater than $900m by any statistics. Makes no sense to me, but then as I said earlier I tend to like things simple.
Reddy I do see your point. However not being a big picture guy. Accountants rarely have vision, only a calculator I would see that as a major candidate for shorting. 200 times sales is unsustainable.
If the investment criteria is based on AXDX then there is nothing to dispute. However I tend to be a simple guy with a simple Casio solar power calculator, with back up battery for working nights :)
As you pointed out those numbers in AXDX I certainly will take a closer look at the potential for shorting. I am not saying I will, but it is so tempting.
Time to be polite to Dagiw. I won't rejoice every time you post and every time you lose money. What we have in MBLX currently is an informational advantage/informational disadvantage. Mr. Chief Operating Officer just put in an additional $150K. The bigger names of course put in a lot more. But Mr. Chief Operating Officer is closer to anyone with regard to how close they are in the sales process. Betting against him with their newly found financial backing certainly trumps what you have which is nothing more than speculation.
Dag ypu are missing the big picture.. This is not about fundamentals it is abput a small group of very wealthy investors creating tremendous valuation ..
Look who owns AXDX -- Institution pale in comparison to the insiders Strobeck , Schuler and Oracle..AXDX has 1.70 in cash per share 50k in sales and trades at 21 per share that 13 times cash and 200 times sales
But the triumverate controls the stock and set the price ,, nothing to do with fundamentals
oracles paid 5mm for its stake work 140mm
Oracle Investment Management, Inc. 5,394,058 12.10 140,245,508 Jun 30, 2014
First Republic Investment Management, Inc. 793,000 1.78 20,618,000 Jun 30, 2014
Vanguard Group, Inc. (The) 594,272 1.33 15,451,072 Jun 30, 2014
BlackRock Fund Advisors 500,567 1.12 13,014,742 Jun 30, 2014
State Street Corporation 306,424 0.69 7,967,024 Jun 30, 2014
Wood Investment Counsel, LLC 276,549 0.62 7,190,274 Jun 30, 2014
BlackRock Institutional Trust Company, N.A. 276,653 0.62 7,192,978 Jun 30, 2014
Sandler Capital Management 200,000 0.45 5,200,000 Jun 30, 2014
Northern Trust Corporation 184,354 0.41 4,793,204 Jun 30, 2014
Geode Capital Management, LLC 140,765 0.32 3,659,890 Jun 30, 2014
Reddy of course it is pure speculation either way. My position is simply a fundamental assumption that the massive dilution here will continue and the short term position (as in 2-3 months) will be negative without any serious news. They have poured $3m or so into Spain and that is a write off. The risk of pouring more funds into a (money pit) facility outside of their jurisdiction at this point which is not under their control is enormous so unlikely to go down well with effectively new controlling interest owners of MBLX. More likely they are looking closer to home where the risk of losing up to $20m tht they will have to find in the next 12 months on a small production facility is going to require greater due diligence and be subject to US law.
Dag but remember we have a holiday on Monday Spain does not. We can come in Tues with an announcement that Gadea has won Antibiticos and that Mirel production could be starting up in January - of so I see 1.00 next week as institutions start to come back in and shorts start to cover
Correction- That should read 15K bid shares at .69 not .71. Sorry the heat must got to me.
Hey Reddy- E-Trade shows a bid for 15K shares at .71 and only a couple thousand total amount of small share bids until you get to a bid .67 for 13K shares.
On the Ask side we have over 15K shares at .71 and then a couple of thousand total shares until you get to a couple of sizable (8K & 4K) asks for .75. Not Bad.
It would be interesting to see what effect news on a production facility would have. This is clearly not "OVAH!!!"
Reddy the intention is to place the short at any early spike. On fundamentals with so much more funds needed to get the company to the end of 2015 further dilution will weigh heavily on the share price. The cost structure remains the same from recent announcements and some of the new funds will have been used to pay down costs accumulated during the last quarter.
Based on the number of shares in issue after the SEC filing and MBLX announcement at the current share price the company is worth $90.45m. Previous analyst valuations asserted a value of 35m x $1.50 = $52.5m when there was more cash in the kitty than there is after todays' SEC filing. So what has changed?
Tomorrow I will open a CFD short (small) position just to play the game. Unless and until there is a significant announcement there does not appear to be anything of value to keep this share price from drifting lower.
Why are you bringing in ADM... If ADM was ago this never would have happened .... This is post ADM...