Douglas Suttles of Ceres resigned today, immediately following the 10(th) Annual World Congress on Industrial Biotechnology after only serving for 18 months. Looking for answers ...
Earnings are non-existent and Eno may have announced one too many prospective distribution partners for not being able to show any earnings from all these distribution partners. Not sure where the money is going?
Even when the 10-year Low was "achieved" last November, Eno couldn't come up with anything positive to say about the company. Every time he opens his mouth the stock tanks because he has nothing to say except that they are working the problem with not have buyers. Keep drinking the koolaide,
The insider's bought some after receiving free shares, so their "average price" was much lower than what you think it was. If they have not sold already, they are about to. GLTY
Short positions are getting very difficult to cover, even on the bad days when the market maker is the only one selling. If you only need to cover 100 shares, it's ok, but not 5000. Can't buy so many without being forced to pay a much higher price. 5-6M shares have been shorted. Try to buy 100 at a time, see how long it will take and pray there is no news and a football spike.
How much $$ does the new building actually cost? How $$ did it actually cost to get out of the old lease? How does Salame Mansour make his $$ besides selling mass blocks of compensation shares? Why haven't they been recognized for any new innovations in all these trade shows? Why do they like ROTH so much? Why are the online customer reviews so bad? How many millions of shares do the insiders own, but never bought? Did any insider ever buy a share, all they do is sell sell sell? Why does the company keep getting promoted by marketing firms relentlessly and they are releasing earnings only after Oct 20 Options are to expire?