fwiw - ok laugh it up.
This was posted on mblx's twitter feed:
cellulac @Cellulac 19 Dec 2013
@MetabolixInc Congrats on the appointment of new CEO.
0 retweets 0 favorites
A likely PLA blender/partner??
5 year, #$%$35m Pharmafilter partnership with Cellulac
Posted on March 29, 2015 by cellulac in About Cellulac, Investors, Market, News and Events
Partnership delivers 2nd generation bioplastics supply chain solution for hospitals
Dundalk, Ireland and Amsterdam, The Netherlands, 30th March 2015: Cellulac, the industrial biochemicals company, and Pharmafilter, a provider of integrated waste management infrastructure for dealing with complex waste, are delighted to announce a commercial partnership to deliver the first vertically integrated, supply chain solution for energy and wastewater recovery in hospitals.
It is not a contest as to who is right or wrong, but purely from a financial perspective there is a difference between what cash you have in the bank and what it means to have $4,189,000 worth of current liabilities outstanding. So long as they don't pay the bills you can hold the cash to 1st January in which case $20m - $4.2m is a cat's whisker from reality of $15m. As you seen they continue to write off inventory so that cannot be relied upon. The remainder is likely to be grants, but if it is cash then $15-16m at year end is realistic from SEC filings.
I was not trying to be insulting in my "sarcastic" comments. But the answer to the question of where they are going to produce remains outstanding and at what capital expenditure other than $1m for sample production in 2 pilot plants that are not in the same place.
Again not ignoring anything. Management can say what they want, with a "forward looking statement warning" but the facts are they do not have the funding for any more than 6 more months without a significant injection of capital required. The rest is fantasy and hope.
Dagiw Your posts are always logical and well reasoned but are also always rooted in the past.. As skilled as you are with numbers and logic when you project your conclusions to the future you are no more accurate then a moderately optimistic long. For instance in November you stated that end of year cash on hand would be around $15 million while the actual cash on hand ended up to be $20 million.
Your comments on the critical issue of production is also void of any future progress..Your numerous references to "no production" or your sarcastic comment, "where are they going to produce, in a shoe box???" was quite dramatic and effective in it's negative implications but ignored MBLX's stated production strategy. Your most recent comment "they can't produce any more then samples" is only true for their admitted production capacity in 2014 not 2015 and beyond. Are we to ignore top Management's statements that "expansion of the facility is well under way and once completed we will ramp up production to support our customers development activities".?
Yes businesses fail but they also succeed and we need to remain open to all possibilities.
wrutka, there is always going to be ways to take advantage of short term gains and losses. In fact there is a greater upside potential to create wealth. So all of those pre-uptick trades were well timed. I make more (and lose plenty) on my long calls as they have the potential to double, triple or more on the upside.
However businesses fail. This may be because of out dated technology, bad decisions by well meaning good management or even unsustainable debt. This stock has all the potential for technology upside, except that they can't produce any more than samples and they are running out of money within 2 quarters. In the case of MBLX there is a high cost of capital expenditure for production that is too expensive to produce. They can probably manage cash until year end, but they will have to issue stock in some form to sustain their overhead. That is going to be massively dilute existing stockholders and so the stock price will inevitably fall from here.
That is a logical, well reasoned hypothesis for staying short this stock at this time. I won't put my long-term sentiment disclosure, as it is kind of obvious.
Congratulations on your entry point Legal. I would say the lesson to be learned is that the market tends to over react to good news and when these positive developments take longer then expected to actually unfold those "in it for a quick buck" traders that Pelosi likes to call unsophisticated bail causing selling pressure to build. Astute for you and Dagiw to take advantage of these short term opportunities.
I would not discount Jenny's advise however as your profits could disintegrate faster then Mirel PHA Biopolymers in the ocean.
I have a question for you and any other shorts. Consider Aug 8 purchase price $.41, Aug 20 purchase price $.65,, Nov 3 purchase price $ .71,, Dec 10 purchase price $ .4996, Dec 28 purchase price $ .3705
Good move or not???
Don't be an idiot, I know its hard for you. You should cover right away! You better do if first thing on Monday. If you don't cover your a complete fool which we all know you are...
He and professional wrestling superstar nature boy Ric Flair went styling and profiling and kissed the girls and made them cry with all his gains from shorting this stock.
Perhaps he and World Poker Tour commentator Vince Patten decided to see just "how wide open is a Kardashian sister on a Saturday night".
As Shaina Twain would say, "So you have a car, that don't impress me much.?
Sounds like they are working to corner the market with certain biodegradable standards defined in the legislation. Which technology to has been developed and patented by MBLX.
."We believe the development of strict industry standards defining how fast microbeads must biodegrade, together with proper test methodologies for measuring results, would be helpful benchmarks for regulation focused on biodegradable alternatives to traditional microbeads"
What's up with the registration statement filed today for the issuance of 25,000,000 relating to Employee Stock Option? It seems like it's a bit much to me. Unless a reverse stock split is planned in the near future.
Sentiment: Strong Buy