I agree with both you guys about the move not being consistent with a Company ready to close up shop. I did contact the company and besides learning that Lynne Blum is still actively employed she confirmed that they still plan on following through on moving to 19 Presidential Way, Woburn.
She reiterated that their rationale is still to get into a better space at a lower price and to consolidate into one Facility.
They just need to pull more millions out their hats to keep it going ( that's my quote not hers). How many times this company has been to the brink and every time they found a way to avert disaster.
I also agree with little Jimmy that I don't think the leadership team is inept and obviously hope they find a way to reach their stated goals.
I think your question about "the slight recovery" is valid and deserves some response.
The low point in late Jan was probably due to the fact that there had been no news since the CC in mid Dec. and investors being aware of demands on operating cash naturally started to lose hope that sufficient progress was being made to turn MBLX around in time.
Since then there have been real indications of both production and commercial progress. Even though these have been small steps they are clearly in the right direction and rekindled optimism for some investors.
Add to that the fact that the research firm of Rodman and Renshaw initiated coverage of MBLX in early Feb with a buy recommendation and a stock price target of $3.00 you have the ingredients for the short term up trend.
At least we'll be getting some feedback on Wednesday.
I don't think they're making the effort to attend this conference in NYC to tell investors that there has been zero production or commercial progress and that it's game over as some seem to believe.
I hope "no answer Deniro" didn't sell all his holdings on Jan 29 at below .90 cents.
D-bear Did you actually ask for specific information or pose some rhetorical question? Can you give us an idea of your inquiry to MBLX that was ignored? Thanks
Did I miss the final buzzer? I didn't realize the game was over.
I thought they were still in operation and working hard making the new amorphous PHA in the Pilot Plant. and also still focused on the applications made possible combining PHA with PVC and PLA.
Pelosi - You've often raised fair questions and what the exact current position is in the commercial launch phase remains a real critical question mark but until I hear otherwise I have to believe this company still has sufficient faith to continue striving for goals as expressed in 3rd Q CC.
Season Greetings to you to.
Are you sure you want coal more than MBLX?
Research shows it to be a leading cause of smog, acid rain and toxic air pollution while MBLX is offering solutions to environmental pollution problems.
Thanks fxxd for sharing significant news.
This is like the tide and wind just changed to help our ship make that critical turn.
Here's a brief comment from news report.
The federal legislation would prohibit the manufacture of products containing plastic microbeads as of July 1, 2017, and phase out sales of the product over the next two years. The federal law would take precedence over state laws that are starting to phase out microbeads over similar concerns.
"We know our country's waterways do not always respect state boundaries," said Rep. Frank Pallone, D-N.J. "The strong federal standard we have developed is more protective and implementation will occur sooner" than in any current state law.
Can someone please make some sense out what happened in the last 4 minutes of trading today?
Having concluded that today's trading was a no news, low volume nonevent, I decided to pull up the multi level Bid/Ask with 5 minutes of trading left in the day anyway. Noting an unimpressive 15K+ number of shares traded I figured I might as well watch the end of the day's trading.
To my amazement I watched the price jump from 2.05 to 2.14, blow through the 2.20's and 2.30's to sit at 2.42 with less then a minute to go. But of course as this stock is so capable of doing my "yeeesss!!!" in an instant sounded more like air coming out of a balloon as the price dropped to 2.14 at exactly 4PM on a 100 share lot.
What's the take away from this stock ending the week with 37% of the shares traded today coming in the last 4 minutes with an 18% jump only to end with a 1.9% gain on a 100 share transaction right at the closing bell?
I'm going to make myself a drink.
Not even a question from Ardour's Jin Ming Lu is bad enough but a silent message board after a CC??
So my take away is that a major pivot from a Corporate entity is like a big ship responding to a sudden change of course. It always takes more time then anyone expects due to previous momentum.
You've got to give Shaulson some credit for keeping the ship afloat and also for setting the proper direction. The question still remains if the turn is completed before running aground and sinking.
I still say our ship comes in.
Of course you refuse to play along with pump and dump merchants. That would be like me saying I refuse to participate in short and distort. Shocker!!!
I would however, respectfully disagree with your labeling the Alpha article “hyped pump and dump”.
I think anyone reading the Alpha article with an open mind would conclude that it painted a very real overall picture of MBLX including the sobering truth of past commercial failure. No long investor will deny their statement that "MBLX failed to meet a satisfactory minimum return on investment for a long time and investors were simply fed up. “ What should be of interest to shorts was the continuation of that statement “However that was a long time ago and we should focus on where the company is moving from here as judging the company based on historical facts instead of new development can prove counter productive to investors”.
I would challenge anyone to at least look at the summary of the article and ask themselves first do you consider the first 3 bullet points “facts” and then if honestly digesting those facts doesn’t lead you to the same conclusion of the final summary point.
You assume wrong but at least you're consistent.
Read the article and respond with some relevant facts ( more then Ha Ha Ha Ha) and oh yeah, good luck to you to.
OK potential new investors. As you can see from Dagiw's 75th "recap" of MBLX's past there is nothing to see here. Just move on.
Breakthrough technology resulting in new agricultural solutions to increase yield in food, feed and energy crops worldwide is just "making absolutely no sense". No value or relevance for THAT in the future.
A company working to produce higher yielding, more drought resistant plants with an increase in seed yield is just a pig with lipstick.???
None of us has a crystal ball, Some find reasons to believe others reasons to doubt. I'm just saying insiders buying is clearly an example of people closer to the situation finding reasons to believe and it is a stretch to present it otherwise. Hopefully we'll soon have more relevant news to discuss here..
I think Andrew said it well. It just doesn't compute that one would conclude from consistent insider buying that there will be no news of commercial progress.
In most people's minds insider buying increases the likelihood that good news is on the horizon. I doubt Mr. Scully's motivation for buying was to prevent a short term low on the stock price.
Nasdaq released the following statement which doesn't really say much except that they are investigating and any transactions at the open at $.01 are considered erroneous.
I thought Pelosi finally got his entry point but I guess not.
Here's the statement "NASDAQ MarketWatch is investigating potentially erroneous transactions involving the security Metabolix Inc. (MBLX) executed between 9:30:00 and 9:31:00 ET today. MarketWatch will advise with details as soon as available. Participants should review their trading activity for potentially erroneous trades and request adjudication through the Clearly Erroneous process within the applicable timeframe for filing pursuant to the rule.n (.$.01) are considered erroneous. "
I hear you. 1 1/2 hours into the session we show a bid of 3.40 and an ask of 3.52 with a volume of 600 shares traded.. Bleak right now with no news to create demand.
We have to look at the clues ( 2 were mentioned in my prior post) and then muster up a huge dose of hope.
The problem for many of the truly long longs like yourself is we bought into a stock being touted by some as the potential "stock of the decade" in late 2010 magnifying the disappointment.
Dagiw made a good point that insiders can't legally purchase on significant news that the public is not privy to. I take the position that they simply believe Shaulson more then Dagiw when he says they "are excited about the commercial progress" and their plan to "significantly increase production is on schedule" and "remember no news is not bad news"..
This is a unique stock because each side (short or long) have real reasons to believe they are right. I guess we'll all know soon enough.
Good luck to you. I have enjoyed your spirited posts.. I hope your next post expresses great relief.
Jeff You couldn't hang in there for one more quarterly CC in a few weeks?
I don't know how anyone could discount the impressive insider buying in June. That fact along with the Honeywell alliance would indicate that MBLX does have a future. They seem to be finding ways to stay afloat and the longer they hang in there the closer they are to that future.
We all understand how no news on progress translates into less hope for MBLX's survival. You start playing the what if game. What if that Honeywell alliance really is "PR hype"?
I think the fact that the VP of Marketing & Corporate Communications, Lynne Brum purchased over 14K shares and COO Johan Van Walsem purchased 12K shares on the open market last month would lead one to believe the Honeywell partnership is not empty hype. Who would have a more realistic perspective then the people in those 2 positions?
Now I know why isitlegal so confidently predicted a .28 cent stock price. He must have applied the IBITDA accounting formula. It all makes sense now after reading your last sentence.
We don't need complicated accounting criteria to know that MBLX is not profitable at this point in time. No one is investing based on current financials.
I would view this company more like a Biotech company which I'm sure you realize as an Industry displays higher then average P/E due to resources spent on R&D.
Either the big investors know something we don't which is good for longs or they invested based on the exact data with which you conclude they can't possibly succeed.
In the later case they obviously disagree with your conclusions.
Should we base any credibility on people who just bet millions on this company or someone who responds to any positive signs with aggressive negativity?
I think Normey made the wisest comments recently when he said, "None of it matters much in the long term, the co. will be made or fail based on success of additives to PVC , PLA & barrier coating markets."
I agree with Normey and suggest that we give it a rest Dagiw. Just let it play out.