you wrote "i cannot wait to see them scrambling to cover at the open!!!there panic alone could easily take this stock to $20!!! HAHA burn you bastards you deserve it for your lies and greed!!!!!" - by: dmcc11
Do you still predict $20 anytime soon? Maybe shorts should cover now.
Sounds like you are inviting someone to wrote something negative against them to instigate a lawsuit.
I can only speak factually. The PR was not in accordance with the FDA regulations. Nothing was ever approved, device or drug. Revenues are stable, but gross margins and SG&A have increased substantially. The Mucous licorice device market penetration will be interesting to see, but since there is so much competition and a firm with the substantially the same product is only generating $1MM...$1B is a long ways off.
There is so much negative publicly available information about the firm, there is no need for me to attack mgmt.
If you consider how many posts are concerned with technical indicators I seriously doubt they understand any fundamentals at all. When these people do get the occasional score on a TZOO they think they're the next Buffet. But when they lose big on crap like this stock it's always someone else's fault -"the big guys on Wall St are a bunch of crooks" mentality. Oh well, what can you do?
Many of the MoMos have never seen this type of stock...and to be frank the speed of which this was discovered and unwound was at incredible speed.
Reminds me of the Rather-gate, within the first 15 hours it was fully understood. In this case the prospects of being a better alternative to a currently prescribed product are just not significant.
The odds they get medical insurance reimbursements is very low. And the odds of other over the counter products like such as Mylanta and others being as good as GORX's product are high.
I wish I had listened to the CC.
What kind of people are they? Do they really know what they are doing? Are they really naive or really unscrupulous, even malicious?
Is there anyway I can listen to the recording of the CC?
1) Total revenues decreased approximately $59,000, or 1.0%
2) Total gross profit decreased approximately $465,000, or 25.6%
3) Selling, general and administrative expenses increased approximately $286,000, or 24.2%
4) Cash fell from $8.3MM to $6.6MM
I doubt the dumb long traders even know how bad this is going to be...dont feel sorry for the ignorant...it is their fault for being too lazy to do any homework and keep thinking every low float stock is the next AIRT, TZOO, TASR, BOOM, PACT, etc.