For the last month there has been a strong bid at 75 cents - evidence yesterday when nearly 240K old-shares trades ( 40000 new shares) at ,75 and above.. Yes we can't seem to break above 80 (4.80) but there is definitly either a buyer to major manipulation going on
A thrilling adrenaline rush for all of 60 seconds...
What could have caused such a wonderful pop?
It’s about time that something positive happened here.
Did Metabolix have a wonderful breakthrough?
Did they get a buyout offer from someone much bigger?
Did the shorts finally get forced to cover?
Did they sign a big partner?
What ??? What happened ???
Then reality set in like a rock that skipped one second too long and finally settled at the bottom of a stream...
OH, DUH!!!! It was a reverse split….
DARN, I was really hopeful that their payday was finally here.
Keeping the faith but DARN IT !!!
This stock looks like it flatlined at 76c
Has there been anything said this year that screams now is the time to invest
Or has there been anything said this year that screams now is the time to run
Or has there been anything said this year that gives investors hope
Or has there been anything said this year that gives shorts hope
You respond because for the past 5+ years others as yourself have tooted the short squeeze warning and the stock price has continued to be hammered from some $15 to 25 cents. You obviously don't understand that a reverse stock split is share price adjusted. The fact that MBLX has a $1 (10 day) deadline is meaningless to the shorts. 4 mil shares divided by 58,000 avg # daily traded is just a number. This stock could trade 4 million shares in one day and still allow the shorts to get out at a profit. Even if the stock was up $3 in that one day, the shorts would still come out ahead. They shorted the stock at some $15.
What would be of meaning to them would be some semblance of productivity. Just a little something from the company that indicated after all the destruction that has been done to shareholder value has turned. At this price, there is still no public recognization that this company is creditable.
What are you writing about? If there is a reverse stock split, the short prices will also be adjusted accordingly and the shorts will hold the sale profit/loss position they currently have.
What's this tick tok, tick tok about? 68 days?
I was chuckling to myself at the irony. Dismal financials, yet one of the better calls in some time - no beach toys. How the next round of financing progresses will be a tell as to the view on the company's underlying value. I agree that large dilution with a plan and customers will be the toll of operations for mblx and will at least allow them to remain debt free - not that they could get a good bond rate anyways.
I've been in exas a number of years and if you want to see a turn around story check out their 5yr graph - trading at 0.29 on 2008. Hate tech. Love tech.
Your point about employees is well taken - despite the wreckage, not one peep outta Lowell about employee exodus. This to me speaks volumes. I've said it many times, this is a rock solid R&D operation. Tepha also seems to be busy establishing itself in the biomedical domain.
They will get more funding. This is the best they've every looked, with larger players than Honeywell looking to take stake. It's the only reason their employees haven't jumped ship..
agree the shorts always scream dilution since and short into the fear - there is obviously a bottom here as the action yesterday has sustained this stock as never before.
The perception that dilution is inevitably negative is misleading. If investors believe the additional funds translates into future production and ultimate commercial success then the long term effect on the stock price will be positive.
Here's from another PR and shows the desire to add fibers - a big deal folks.
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 now grinds the shredder waste department for several years as a meal leftovers, bedpo's blood bags and tableware.
Crockery, bed linen and gowns ferment.
"Tonto" is the shredding of Pharmafilter baptized, Spanish for "a dwaas'. The granulated products go to be separated a central unit, where solids and water. The organic portions go 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.
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.
yeah, they drive down the price by short selling the earnings which didn't warrant a sell at .80 cents and now they are going to have to cover over $1
Don't know if I believe but at this price, to me, there are good pot odds. Picked up a low risk # of shares and will see what happens with dilution - if it drops to 0.30, heck I got $900 laying around and MIGHT pick up 3K shares. They have always had good tech and R&D, and it was at least nice to hear that Ollie P. confirmed my thoughts on their crop research; read the patent people it is not trivial stuff. Interesting that we heard zilch on Pharmafilter. Best to all