Pelo, your daily cries that Metabolix is falling flat look a bit desperate. I hope that you didn't short too much when the price dropped below $1.30 last year; it appears as if you are now desperately trying to break even. Metabolix is a company that already fell and is trying to get backup. While you’re spending every day here trying to talk investors into running; employees at Metabolix trying to generate value for shareholders. The reason investors aren't fleeing like you is because they see potential, potential in the products, the patents, the licenses and the technology.
An investment right now in Metabolix is very similar to a venture capitalist's investment in any start-up. There is plenty of potential indicating the possibility of a 10x to 30x return but there is also the risk that the company won’t succeed. The shareholders who are sticking around are here because they know the story well and they believe that Metabolix will succeed. They may be right!
Regarding “the story”… You like to make out that the whole ADM relationship was a complete flop and ADM gave the finger to Metabolix. Actually the split was a very friendly split. ADM received full ownership of the $400Mil factory that ADM built then they quickly turned it around and started leasing it. Metabolix received a bundle of cash from ADM; which they are using to start anew. It’s not as ugly as you make it out to be. The big ugly there was that ADM built a much bigger factory than they needed for Mirel and couldn't fully utilize it without finding a different product.
Sentiment: Strong Buy
shortareee has some deficiencies but that okay...
The more shorts we have the bigger the squeeze once this company has some real news to announce.
How may days to cover right now?
Is it still over 50 ?
This could hit $3 and beyond overnight if / when the right new is announced.
Sentiment: Strong Buy
I am hoping no further accounting deficiencies are exposed. They manage to burn through $3M/month like clockwork, but claim to have enough cash for continued operations though the end of the fiscal year. They really need a name and ticker change at this point.
Why would FMR LLC, their largest institutional investor, .... also located in Boston. Dump 15% of their total holdings. The Period of Report 2013-03-31 - Filing Date 2013-05-15 !!! I would like to know why ..... Investors have a right to know why?
ipelosi, you may not consider insiders bright but they do know a lot more than you about the direction this company is headed.
Considering the fact that several purchased shares, and none are selling, IMHO it appears that they have a strong belief that the share price is destined to go much higher. Only time will tell if they are right.
BTW, I suspect that the insiders have one big advantage over you and your negative perspective; they probably know the value of their portfolio of patents and licenses. I'd venture to guess that its worth pretty close to the current market cap. They have enough cash to give-it-a-go for twelve more months but if that fails then you can bet that they'll look into selling their company for its IP... The sum of the parts may be worth much more than the sum of the whole.