We did not crush under the previous closing that in 2 weeks! Shall be a wonderful and prosperous short week starting next Tuesday ...keep your fingers crossed and happy Labor and blessed fruits of it to you!
Thanks for the thoughtful response. A key point is that the company does not provide any details that might help investors see beyond the continued cash drain. The collaboration agreements never have any financial details and you have wonder why. It isn't as if ROSG is a big company and the deal terms might put the collaborator at a competitive disadvantage in signing other deals.
The fact that they are reporting on semi-annual basis doesn't help either. If you're going to take a stake in a declining value company, you might be willing to hold on for a quarter to see if a turnaround is in place, but 6 months is too long.
You know that you sold the stock is going to skyrocket up, well, that is what happens when I sell...
I think there are more sales people 8-10. In any case they have relatively recently secured final permits and approvals to market the test in all 50 states and signed collaboration agreements with HSP, in any case I m more interested in sales dynamics (rate of growth per territory) is it picking up or stagnant. Also they didn't have a crucial lung cancer test till recently.. and a most important kidney and prostate cancers for which they received patents. So it would be of essence to find out when the actual test will hit the market. As to 5-8-10 folds ... well it's matter of speech ..Any projections based on marketing experience would be great as so far they never gave any. besides $600k figure. They may shed light on all the other collaborations to develop various specific drugs based on individual micro markers.
If they were just starting their sales efforts, you'd have an excellent point. However, they have had approved tests for years in the US, Israel, and parts of Europe. They've talked about partnerships, but never mentioned who it was. They have hired a sales force (5 people I think) and even if they generate $2 million in sales, that is only $400K per rep. No major pharma could survive on that sort of sales per field rep. Now they hired a VP and you know he didn't come cheap. If the forecast a 10 fold sales increase, great. I doubt anyone will believe it beyond one day after the announcement.
Come on, McDonald's is a finite enterprise they can't invent a novel salad that cures cancer, they will live with the same margin and annual sales for many years (until people go there) In case on ROSG what matters is guidance going forward $2 mil in orders is 10 fold increase and if they manage 10 fold every 2 years it will be mini JNJ in a couple of years. Bit so far the price action sucks ... and this is an insiders stock... fak!
If the gross margins are still negative, who cares? In fact if they are still negative, it is possible that an increase in sales produces a greater loss and of course depletes cash. Oh, and $2 million in sales would be a huge percent gain, but still not enough to make a difference in valuation. $2 million is about what a single McDonald's store has in yearly sales... and they have positive gross and net margins!
I think we are going to see some sales but who knows how the street is going to react. 1 mil in sales might not get a reaction but 2 mil might cause a super spike.
I will be happy if or when they announce a date when they will release Q2 numbers? As for results, we shall see how the numbers look. Would obviously be thrilled to see billings top 2 million - just not holding my breath. I do believe sentiment is so low on this stock now that it makes me wonder if this is the calm before the storm. Time will tell.
Could happen because:
Medicare payments now established .
Legal consequences for not using an available test for treatment,
Proven results on tests.
New product every year for next several years.
Quality partners for product development.
Sentiment: Strong Buy
Yes, it is hard to believe that my shares, had 25k until a week ago, tried to unload at 3.70 late yesterday and could not even sell the last 15000 shares, only got 4500 of them done. Some days I look up at volume in early afternoon and see I am or now was holding more than had traded all day, pitiful situation. Maybe Anne Fields, who does not acknowledge or respond to emails, and Mr. Berlin, can ask the NASDAQ to take ROSG off it, that they do not believe their company is worthy of the listing, LOL.
Good luck man, you crashed the facker on the bad day ))) there are only a handful of mutilated corpses left , after the modern times Pol Pot idiot Berlin turned into killing fields ....
Just sold my last 10,500 shares today, FREE from this #$%$, but good luck to the rest of you, I am doing well in MACK, ISIS, FEYE, and KITE.
These guys seem to be only interested in raising enough money to get them through a year or so and then do it again. On the day I die, I will remember him completely selling us out when the stock was trading over $9 and he nefariously did a secondary way down at $5, not sure if that was for his pals or not, or he got taken advantage of, but very pitiful, in any case. And I have dipped back in again a few months ago, going to take a .50 hit per share as I continue to unload the last few thousand shares I have. I am doing this to put the memory and the reminder of what a bad decision it was to ever invest in this NON SHAREHOLDER FRIENDLY operation. I can do it today because my 5000 shares of ISIS are up 1.75 today, so I am going to dump all the way down to 3.65 and go to the weekend free of the ROSG debacle.
Well, they've got plenty of money to last them till the end of 2015. And yes, at some point they will need to raise and stage a spectacular pop to do that. But they also like stealing money for themselves staging runs on rumors and pumps that do not result in secondaries. For that #$%$ they (and MMs crooks) need to accumulate on the cheap this is done best in anticipation of EPS release. I don't think they will raise now or soon, but staging a money milking run could be the right time. Unless things are so bad that it is set to crash like hell. I don't think there is a reason for that as there were quite a few developments with major health service providers and permits issued lately, patents, collaborations, etc. Sales just couldn't drop drastically to the contrary must be improving albeit slowly ... but not a sudden disaster warranting a crash. In short there must be enough of "red meat" to build a positive story and paint a rosy picture ..if they want a "nice" pump to line their pockets with dough ..
I really think this stock is churning, probably fleecing the impatient. This is absolutely an insider stock and just like a volcano, you have to see steam before the explosion. I bought into this stock because Berlin was a M&A attorney for Johnson and Johnson for many years so I was hoping this guy was going to create a model that fits a perfect M&A formula but this thing has been a dud for the last 2 years.
According to short analytics, the short interest has dropped from day to day so these levels are too risky for people to bet on it going down much further, which in the past it would have. This leads me to believe someone is keeping this thing suppressed as positive news is coming.
Now whether it is super-spike news or just $1 up news I couldnt tell you. I think if we dont get any big news here in the next month then this thing is a turkey and will drop fast as they are burning through cash way too fast and will have to raise again so I feel that if a buyout is going to happen, it has to happen now because this stock will not survive another dilution.
I don't know really, It is only my guess .. stock behaves horribly which is obvious also obvious that it is being manipulated in the same fashion day after day and the general trend is down so I assume that weak hands would want to use any popup to sell and get out. So whoever controls the show provides that daily morning traditional pop 5-10 cents. Sellers jump in because they know from the bitter experience that there is no continuation and price will drop back to that long price line of $3.70 by the day end. Which it does like a clock every day... So, to make it short, some1 is slowly accumulating at this shameful level to either waiting to dump a bundle at some PR announcement (they know damn well when to expect PR) or for earnings run...which they love to stage twice a year to dump millions of shares at $5-$6 a share. I could be wrong of course and this is simply a dog that refuses to go up with the market and simply deserves to be sold because some1 knows better that we do. What is your reading?