One of the key things I'll be looking/listening for on Thursday (1Q earning release) is revenue from Nestle commercialization of savory. Last quarter, this was only $23,000, but it should (hopefully) be significantly higher this quarter. Since commercialization revenue is reported one quarter after received by Nestle, we should see better numbers now that we've had a full quarter of commercialization revenue, along with Nestle's further expansion of product lines using SNMX product.
Also will be looking closely at updates on future commercialization, including Ajinomoto's plans. Last quarter, SNMX said Ajinomoto was planning on savory commercialization in 4Q. Let's hope that projection holds up (or is moved up...)
Seriously...so you don't like snmx but you are long anyways...are you an idiot or do think everyon else is??? You might be the dumbest person I have ever seeen on a chat board...nope...you for sure are... seriously.. No you don't have to love a stock you are long on, but to go long on a stock (or at least pretend you are.) that you think sucks shows how dumb you are...
in addition to the ingredient that they ALREADY HAVE COMMERCIAL SALES FOR, their next ingredient is due for commercial availability within 8-10 months.
and yet you claim that there are "no products in sight."
would someone long the stock or knowledgeable about the company make such a demonstrably false statement? of course not.
you are not long Senomyx. and you are very clumsy.
I'm long doesn't mean I have to love Seno. This company need to be examined closely. Already several years behind commercialization ,still no product in sight.
I'd like to suggest a new direction for them, pet food. Fishy or Beef enhancers. Maybe that will be easier.
for clarification, when I wrote: "and the shorts figured that given how little revenue that is likely to bring in..."
I was referring to near-term savory revenues, not the salt/sweet
Why? Because there aren't so many people negative on this company.
You have to understand how shorts operate.
(1) there are 1000s of snot-nosed hedge fund managers out there who loathe the idea of actually working for a living.
(2) therefore, they are desperate to make their numbers any way that they can.
(3) most of them are not especially talented.
(4) what they do have is lots of other people's money.
(5) they use this money to bully stocks. can they bully IBM? no, probably not. but can they bully small cap biotechs? sure.
(6) if investors were rational, lower prices would create more confidence in potential buyers. but it doesn't. it creates more fear. higher prices should generate more caution. but it doesn't. it generates more enthusiasm. and this is on top of the fact that biotechs are already magnets for the worst kind of rank amateur investors.
(7) add all these things up, and what you get is a situation where hedge funds eager to make their numbers pile into biotechs that they think are vulnerable, driving them down easily to ridiculously low prices.
(8) why Senomyx? timing. in your typical biotech company, shorts like to pile on when there is a clear-cut span of time between now and the next major development, e.g. 12 months before Phase II efficacy results are due. with Senomyx, it's going to be at least several more months until something other than the savory program goes commercial, and the shorts figured that given how little revenue that is likely to bring in, they could pile on and exploit any disappointment along the way.
what they are having a hard time with now is the "open-ended" nature of the situation given the KO and Nestle announcements. now people get into their minds not the next quarter's numbers, but the fact that this enterprise will stretch on for years. long-term orientation is a huge enemy of shorts. they want people focused on cash burn and modest savory revenues in the here and now.
i dont understand how so many people can still be so negative on this stock...people are re-upping their contracts, knowing that they will have to pay royalties if they go commercial. There has to be something looking promising right? You wouldnt keep giving a lawncare company $$$ to mow your lawn if they were doing a shitty job right?
to all the shorts and bashers...all i can say is:
Keep Firing, Assholes!