1- We are above our 50 and 200 day moving average
for the first time.
2- We are being placed on
the map my Red Chip.com et. al.
3- If we have
a -.03 up from -.26 a +.23 upward move. Therefore,
expecting a +.20 for next quarter is not
unreasonable. With a
a reasonable 20 P/E that would values
this at $4.00 a 15 P/E will yeild $3.00.
The stock is doing well in a down market.
THINK WE HAVE A LOT TO BE GRATEFUL FOR!!!
There never was a patent in China. SciClone has
patents in USA, Europe and Japan For Hep B and
Zadaxin is a very complex drug to manufacture and not
easily copied. More importantly, drugs from western
countries are much more acceptable to consumers in
countries like China than drugs made in their own country.
Western quality is highly trusted in drugs.
Just a guess but the selling pressure probably
from our "benefactors"(read as equity investors. They
are not here for the long haul and are probably
making excellent money selling for 3/8 or less of a
profit. It is just part of the game.
new that i know of. Phase 2 results to be known in
first qtr 2000. I did see that gene reasearch for
Cystic Fibrosis not going well for some competitors(this
makes CPX even more important).
I think we are
about due for a new approval or two for Zadaxin. My
wish list is Brazil, Egypt or India.
consecutive quarters of 25% qtr over qtr revenue growth and
we get little movement in price. Very Frustrating.
Floorless convertible is an instrument which does
not carry a specified conversion price.Many small
companies which can't raise capital thru other means and
need badly cash to survive will go out and issue this
kind of short term bonds.Once the convertibles are
issued, the holdes of them will do anything to bring the
common stock to the ground by shorting the stock.this
way they can convert their bond for millions and
millions of shares.
Most of the time they take control
of a co. for 4-5 mil dollars.Geotek(GOTKQ) had to
issue 400 mil.shares to cover a $4 mil floorless
convertible. Needless to say,they went broke.
I don't know which of my major stocks get
manipulated more, CPWR or SCLN. Hold on for a long ride and
don't count on making any more $ for a while now. I am
hoping that a good quarter will give the stock at least
a little pop. Of course the way it being
manipulated who knows.
I believe this is a convertible equity that gets
sold to an investor that is convertible at somepoint
into issuers stock. The reason for the term
"floorless" is that the lower price of stock goes during some
predetermined time period the more stock the buyer can buy w/
his convertible thus further diluting the stock. The
preferred issued in April 1998 I beleve was such a
security. The purchaser drove down the price of the stock
by heavy shorting than converted into more shares
when the stock hit rock bottom to cover his shorts and
make a handsome profit at the company's and other
shareholders expense. I don't think the last deal done by the
company utilized this structure as they learned their
lesson the hard way. However you might want to confirm
that with the co. or someone else on this board who
might know structure of deals done during summer. I do
believe co. has gotten much wiser about financing.
the selling pressure hitting SCLN on Friday and
Monday? Good news is that stock held up and managed to
close higher on Monday? Also any thoughts on status of
CPX? Short position of over 1 million shares!!?
anything else affecting stock. Thanks for your thoughts.