Santa? That would be one explanation for why you're long on this POS stock. Any one that would buy this POS stock after years and years and years and years, and millions and millions and millions of dollars flushed down the toilet must believe in fairy tales. Hate to tell you this, but there really is no Santa, and MBLX really doesn't have any product that anyone wants to buy.
Sentiment: Strong Sell
Perhaps you've been able to convince Laura that size doesn't matter, but it really does in this case given the company is burning nearly $5 million a quarter in cash and has less than 12 months left before it could conceivably have ti close it's doors. Take the government grant money away, and this company has less than $2M a year in revenue, which is unbelievable given the 100's of millions of dollars invested over the past several years.
Sentiment: Strong Sell
Don't know what you know of my background--or for that matter--what constitutes "poos choice of words".
I would heartily agree on most of what you have said. I would not dream of buying a stock based upon the beliefs of an anonymous Yahoo board poster and would not want anybody doing the same based on mine. Of course everybody should do their own DD. To not do it is indeed "idiotic".
I would also agree that MBLX represents the highest risk of any spectrum of risk. It has bled cash for a very long time. They still at this point do not have a revenue generating product. Indeed, their financial statements state that they do not have cash on hand to last 12 months unless they take advantage of selling stock to Aspire--and that can only be best described as a doubled edged sword.
And...Moreover, I cannot debate the price of the stock when Shaulson took over 23 months ago and where it is today.
But here's where we diverge. "All they do is pump the stock" is a harsh indictment that I believe is undeserved. There continues to be some very, very big and smart names who own a majority of the stock--and, frankly, they don't need the stock to be pumped.
I believe that Shaulson was dealt a very difficult hand and has played it as best as can be played--up to this point.
The "proof" will come or won't come. Either they can produce a revenue generating product or they can't. And at this point we are banking on Mr. Shaulson's abilities to make revenue generation not a dream but reality.
Sorry if my choice of words are not up to FItzgerald's standards.
I know MBLX is sitting on some news of 2 really large sales, so much that their new mfg relationship is booked to capacity. I'm assuming we learn about this news on Wednesday. Let's hope it convinces the shorts to loosen their grip
Normally I would not grace comments like yours with an answer, your poor choice of words is reflective of who you are and the background you come from, That is your problem not mine, but a word of caution to new investors who ought to do their DD on this stock, few years ago I sold this stock at $26 (pre split). If stock opens tomorrow at 10 it would be at the level when Shaulson took over from Eno, we have seen many little valentinos over the years , not necessarily this one , all they do is pump the stock, so be careful and do your DD, I am long and believe in the technology, not so much in the way J. Shaulson is handling this.
Easily the dumbest comment of 2015 on this board. Shaulson and his team are the only reason to stay invested in MBLX. Pure and simple--it was maneuvering a battleship in a bathtub to convert this company from a commodity to specialized model. Specialized has much higher margins--but it takes longer to meet the needs of specific customers. I will admit frustration that "things have been getting close" for more quarters than I would have preferred.
That said--it does appear to be close. At least in terms of PHA additives in flooring. I would like to know where you're going to find a CEO like Shaulson with expertise in finance and specialized chemicals. He is heavily financially motivated to get this share price up.
The "big unknown" as far as I can tell is "What is Yield 10 really worth?" The correct answer is what some large ag company is willing to pony up in order to be a part of it--but admittedly, I don't know whether this is the savior of the company or something that's too far away.
But get rid of Shaulson? Idiotic. You might as we have fired Urban Meyer for losing against Michigan State.
The Metabolix;s of the world, are high risk investments, that one enters into knowing or should knowing that either all or a substantial part of their investment could disappear.
The one "constant" in the US Tax Code has been that capital losses are first applied against capital gains and then any excess losses can only be deducted up to $3000.00 (well the holding period for long/short term status has varied) can be used to offset ordinary income. on any one year. So we cannot look to Uncle Sugar
to recoup our investment losses
No one likes to lose money, and perhaps my unrealized loss position pales in comparison with yours.
I will just say that I had some what I like to call "risk" capital that I was willing to lose in its entirety,in hopes of striking it "large" Metabolix was my choice.
It is still a going concern, and as long as it is I'm in the game
. I guess I will follow the simple advice as given by World Wrestling entertainer Bo Dallas, "all you got to do is BOLEEEVE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Eno failed us but after two years of buying time and a dramatic decline in share price, Joe Shaulson (with all due respect) is completely incompetent and should leave management of this company to more capable hands, how the board kept him for so long is really puzzling, share price is at 20% of what it was when he took over
If this stock had a larger liquidity I would suspect either computer trading at the end of the trading session due to higher liquidity of stock available at or close to the end of the trading day. This is a phenomenon that has been going on for the last few years in larger index traded stocks. However, this is not a high volume stock and even with the same thing happening yesterday it could be price manipulation, for whatever reason. As to what that might be for there can be all sorts of speculation what might be driving that. Or it could be nothing but coincidence.
It's such a low volume stock that anything can happen. The news is not out yet, which is good because when it gets out the stock will jump up again. But of course I'm sure as I do, others know the news as well.
I don't have an S guess but I'm going to throw out LG Hausys. They seem to have an interest in PHA and have a certified flooring line with minimum recyclate content requirements.
Can someone please make some sense out what happened in the last 4 minutes of trading today?
Having concluded that today's trading was a no news, low volume nonevent, I decided to pull up the multi level Bid/Ask with 5 minutes of trading left in the day anyway. Noting an unimpressive 15K+ number of shares traded I figured I might as well watch the end of the day's trading.
To my amazement I watched the price jump from 2.05 to 2.14, blow through the 2.20's and 2.30's to sit at 2.42 with less then a minute to go. But of course as this stock is so capable of doing my "yeeesss!!!" in an instant sounded more like air coming out of a balloon as the price dropped to 2.14 at exactly 4PM on a 100 share lot.
What's the take away from this stock ending the week with 37% of the shares traded today coming in the last 4 minutes with an 18% jump only to end with a 1.9% gain on a 100 share transaction right at the closing bell?
I'm going to make myself a drink.
I completely missed or forgot the Samsung-sugar connection. Can you throw me a bone on this?
Dude, as always, thanks for the business/financing side breakdown.
You could be right, but doubtful it just went up due to a Vinyltec presentation. I think we'll hear what I already talked about. Seems some people got the same info...
I can't find it anywhere but there was a really interesting presentation at Vinyltec that suggested PHA is a miracle additive for decking. I think it substantially increased strength while allowing the manufacturers to use more wood powder and possibly recycled material. In any event, the end product comes out a lot better and without raising costs because cheaper material can be used in larger volume. Someone must find these slides. It seems like a big deal and isn't a rumor.
Sentiment: Strong Buy