No, of course the 6K is not he reason, the reason is the very revelation that there was a bunch of shares sold @ $3.91 but never reported to the public until this Prospectus saw the light on the 8-th ... smart people read SEC filings daily knowing whom they have to deal with....
Exactly, so it can not be the CC date by any means. It would've been nice to see for a change that insiders buy some shares on the open market in our case we are not informed even that there is the ATM facility running dumping boatloads at near bottom. Q. is: Why not to wait till the earnings and in case there is something positive run ATM at higher price ... which means IMO that there is going to be nothing to write home about. Tomorrow's presentation is a corporate overview and is not going to provide any impetus either as the whole thing is already on the site and I doubt Berlin is going to talk numbers & $s.
The 6k shares is not the only reason why the stock price is falling. I think that this is a message to Berlin and Co as he is conducting an investor meeting this week. Shareholders are tired of the norm from ROSG and they are letting him know. We opened lower this morning but came back from a low of 3.25. We did not do a clean slide with no recovery. Someone is still buying with all the shares sold. This stock has always made more money for the shorts than the longs. Still have hope, well until Friday or so....
" A copy of the notice and proxy statement for the annual general meeting of shareholders of Rosetta Genomics Ltd. to be held on Friday, October 10, 2014 is filed as Exhibit 99.1 hereto and incorporated by reference herein."
Well, we have been just taken by Mr. Berlin. On Sept. 8-th he filed Form 424B5 (Prospectus) were he reveals that pursuant to ATM agreement with Cantor Fitzgerald of March 31, 2014 they sold on the open market 1,740,080 shares @ averaged price of $3.91 a share. Of course we wouldn't have found out had it not been for that prospectus for issuing 6,000 shares to settle a dispute with some former employee. And this is after claiming earlier in March 2014 during the last CC that they have enough funds to last them till the end of 2015. But all the collaboration agreements and new studies, and a new-hire VP of sales that Berlin signed and bravely reported to us require extra expenses, so Berlin invokes ATM and sells way below the last public offering of $5 a share. Thus all the pressure and bloodletting by the insiders. Down, down on every pop and we wonder #$%$!!! In addition they notified via form 6k of a General Shareholders Meeting to take place on October 10-th !! So whoever reported that this is the date of a CC following the earnings report was mistaken. We still don't know neither of the earnings release date, nor of CC's date. Great Mr. Berlin, the greatest anti-shareholder CEO on the stock market ! #$%$!
It slumped after all, but got a little cosmetic bounce to bail out someone sitting with some 20K shares on the ask since last Friday. A complete crash would've placed Berlin and his tomorrow's presentation into a pile of steaming poo-poo. But as I said above the insider dogs know the truth and they are jumping the ship. If it is indeed so, we may see a little leveling off till Thursday- Friday into earnings and .......................... exactly!
Does not look too good, it bounce off the critical Fab. 78.6% line, but again sellers came on the ask at the close. Market under pressure and there is no momentum like it was in March. Need some fresh positive something to get it moving a little.
I think earnings are to be announced on the 12th, Friday. I remember another Friday when the stock went up sharply. I'm hoping for an encore.
Today's crush stopped @$3.25 - February 5-th low point of reflection & 78.6% Fib's retracement from the year's bottom to top. Someone wanted out since Friday and got taken crush style and is now gone. Just my observation ... Still no news, presentation tomorrow , hell knows what to expect.
I think hiring the new guy was also telling us that the sales were not going anywhere near as good as they anticipated. Don't be surprised when they focus on how NOW WITH THE NEW GUY they have high hopes, wanting to talk about that rather than what are probably very dismal numbers. I lost a fortune on this company more than once but finally realized that turning their science into a profitable business anytime soon was not going to happen. The folks in Israel may be calling the shots and we are just used as a slot machine so they can keep eating very well. I never believed Mr. Berlin was shareholder friendly. Ask them whey THEY DO NOT OWN the stock. I always feel better when management is in the same boat with investors, just don't see that with these people. All of the above is just my opinion, of course.
Not exactly, last time in March the stock soared for no specific reason but on a little mystery created by Berlin's letter to investors (which he had never done before) subsequently the price crashed some 10 days prior to the earnings release and the following CC. Actually it was the best CC ever, but to no avail as momentum was gone and a little pop on the CC day was quickly sold into. So it is all nothing but insiders job, staged once or twice a year, just a way for Berlin's friends to line up their pockets with the bag-holders' money. So question is - has the time come yet for another raid on the unsuspecting to loot their coffers, or we will dry our bones with this hot pile of poo-poo stock till the next spring? Something does not smell well this time around or so it seems .. and smells. too much pressure on the ask lately((
Way back when stock was at $9 and Berlin did a secondary at $5. Seriously, when was the last time you saw a CEO sell his shareholders out like that, not sure if he was helping his pals or if he got taken advantage of by smarter, nefarious types, nonetheless, he lost all credibility as a CEO who had any loyalty to EXISTING shareholders. And now look at the stock, even the guys who got the $5 shares are way underwater if they still, in fact, are holding. None of the big guys see any reason to invest in this company, this stock has been dead for a long time.