Driving below 1 would do a lot of damage. Limits new investment options and I think will not force but give a good reason for big boys to dump. I think that is why inside purchase was made. He does not think company is going to fail but thinks shorts are driving down. My main reason for hope is that 100k buy. nobody is rich enough to waste $100,000. If metabolix has something positive to offer investors besides hype (such as a partner announcement) I see big boys adding more and seeing squeeze potential.
They seem to be "new" but I never saw an official launch.....
This combination of disposable plastics and food is a (now traditional) target for bioplastics and extends from bags to food service items. The best successes are often seen in Zero Waste Zones such as at the recent Olympics where all food service items were limited to compostable materials allowing efficient collection and sorting on site and even composting on site with portable equipment. We had significant interest at K 2013 for our traditional compostable “single use” items. At the show we highlighted new biobased long glass fiber reinforced composites and several biobased and compostable color masterbatch products.
Search these words Metabolix Long Glass Fiber Bio Composite
And read the Metabolix brochure on this product is this old or new... KD Feddersin refers to it in its blurb on PIE and KD is displaying in Past Eurasia in Instanbul today - Friday...
LG (long glass I assume) the data sheet has a 2013 copyright but I can't see it on the MBLX website and never saw it announced.
Also Ticona owned by Celanese is where Engle and others are from and I believe were a suplier of non-bio-based LFT (check Engle's bio) ...
Celanese is also a big make of C3 chemicals
Would be wonderful is Celanese came in as a partner, investor or just bought MBLX straight out Would certainly explain the volume and strength as compared to normal activity... of course this is jist a hunch but the stock while showing some signs of weakness is behaving better than expected
And related to this, if shorts got into this under the assumption that the price alone will pressure a major sell off, I think they have only added to the lightening quick turnaround potential of the stock should it announce fundamental news on a manufacturing partner. Sure the partner must be one that could be up and running quickly and within the time frame of MBLX's resources. But an announcement of a partner and some hint of immediate demand that the manufacturer is helping them solve...well that is a short squeeze that would make me happy. It's a lot to bet on but at a high level what I want to see is MBLX showing some hint that they have demand worth addressing.
Sentiment: Strong Buy
One thing I find interesting is the difference between common knowledge and fact on this board. There is an assumption that the shorts need to keep the price below $1 and that will force the institutionals to sell because they may not keep stocks priced under $1. Apparently they believe Fidelity must dump at under $1 (or at least is somehow banned from buying more at those prices). But I don't see anything that backs this assumption. Even if Fidelity couldn't keep MBLX shares in the fund that bought them, if they see value in the stock I assume they could easily move it to another high risk microcap fund they control. But regardless, I would guess he SEC does not have any rules keeping them from investing in a stock under $1. I would also guess that rules created by funds would not be uniform between different companies running the funds AND would not have provisions which create predictable fire sales.
Specific to MBLX, (and related to the 200k bid above) there is no indication of large owners being forced into a fire sale. For example, I tried to buy 10K shares on back to back days. Both times I placed the order at the bid (once at $0.76, once at $0.78). In both cases the bids were done during morning hours and the stock briefly dropped to bid prices a few times during the day. In neither case did I end up with more than 4,000 shares. Why I bring this up is: If it really was the case that the funds HAD to sell their positions, why wouldn't they drop down $0.01 to get rid of a 10,000 chunk? In the case above, they wouldn't drop down $0.06 to get rid of 200,000 shares? As such, I don't think there is some magical fire sale at (or near) $1.00.
I'm not claiming the big boys are elated over the buying opportunity now. I just think the "they must sell" comments are factless rhetoric. It seems to me the big boys are merely content to see how their exposure plays out.
Sentiment: Strong Buy
They really are on a good run of important product announcements. b5010 puts them hooked up with a large partner (Samsung) and solves a significant problem they had with their previous film release (equipment at new clients might not work well to make bags and similar products. Clients were having problems getting the seams to seal.) PHA as a PVC additive seems to be a game changer for finding a market with large volume potential (appears to solve problems synthetic deck manufacturers have with UV deterioration, could make PVC much more recycliable, could allow carpet manufacturers a far greener backing due to more recycled content, etc). Liberation from corn sugar is a good thing. It may not mean much in the short run but hte flexibility should help keep manufacturing costs predictable. And now they can finally make a clear film. These are critical improvements but rich reward only comes with announcement of a manufacturing facility and some form of base sales to justify the facility. I'm not saying the 3D printing stuff might not be helpful to their future but there are immediate large sales opportunities now that must be addressed.
Sentiment: Strong Buy
Also, they have engineered a lysine feedstock pathway as well. CJ is/was building a facility in IA for lysine production. Next CC, analysts, earn your $$ and drill down on this data. Does anyone on the board have Chem E connections in the bio-based chem area that can give some meaningful context to their numbers. On the face of it they look REALLY good. Plus the fact that the anaerobic path means could be completely ag independent. Anyone?
I would urge people to look at US patent US 20130288317 A1: Increased yields of phas from hydrogen feeding and diverse carbon fixation pathways
It was published 10/30/13 and outlines an anaerobic syngas method for large increases in pha yield.
same old response to a presentation. they should stop making them. 200k bid could be a really good thing. Maybe tomorrow they will raise price.
60% of volume yesterday? i thought the inside buy would increase volume enough where they would stay away but they are making a push to get fidelity to sell shs.
historically when he wants to add he does it in a couple 100k buys. I like that he is still adding. My only fear was they dilute in 12 months but if he is adding I bet that is off the table and they have other possibilities that make currents shs worth adding to.