Better than expected good news and the response of stock disappointing! Explanation?
What is it going to take to have this stock make a sig move upwards? How does stock counter the grip the shorts seem to have? Bad news pummels the stock and yet good news barely moves it.
During CC, current management shifted responsibility of purchasing rights to Marilen on previous management team who apparently reviewed and liked phase 2 studies done by another company.
Current management unclear and shifted to one another but it appears that they accepted phase 2 studies done elsewhere and did not do due exhaustive review of their own before starting phase 3. This does not seem like an appropriate course of action.
To make things worse, after phase 3 data in ( over 2 years ago) why didn't the FDA review the results
and point out the tragic flaws of the phase 2 and 3 studies before encouraging or permitting AEZS to go forward with the time consuming, costly, diluting process to obtain NDA? The last 2 years were a total waste of resources and time and never should have occurred if the FDA would have acted responsibility and alerted the company to the flaws. Approval never had a chance.
So who to blame for this fiasco???? Current management for pushing forward without really determining the validity of previous studies and accepting previous management's assessment.!! The FDA for not providing the guidance necessary to halt process of seeking approval.
The losers, we shareholders again!!!!!!!!
How much of us have confidence that AEZS can plan and carryout a successful phase 3 on endometrial cancer drug????
Since it seems that the sales force hired for Macrilen was linked to Ascend's sales reps, what does the future hold?? Why would Ascend tie its future to a company like AEZS at this time? Wouldn't count on it!!!
I hope some analyst or private investor(although I bet won't be given the chance by company to ask)
has the guts to ask " in view of the harsh CRL by FDA yesterday it seems that the company spent 2 years and considerable resources trying to get approval of drug that never had a chance based on company's phase 3,
why???? Secondly, with your track record which includes Marcrilen and the last 2 surprises of prostate drug and colorectal drug ( maybe they weren't such surprises) how can we trust the company to intelligently
plan drug phase trials, accurately assess the results, and honestly report to the investing community???.
If we all have lost confidence, the pipeline which continually is shrinking is imaginary and worthless.
Management needs to take bold initiative like suspending bonuses, options and even reducing salaries until they actually perform.
Anyone on this board believe management can manage and/or deliver on any drug??? Either through misinterpretation and bad advice or more worrisome misrepresentation of the facts, despite positive PR they have failed miserably 3x. Therefore, I believe that there is no viable pipeline!!!!!!! However, they will pursue
development of it as long as there are funds for their salaries and bonuses. Save the 43M and divide it among the shareholders.
I have lost a lot of $$ on this long trek to nowhere ( thank goodness they spun off the vitamin company and it paid well). They never intended to develop Macrilen but were forced to when the colorectal drug failed.
How could they have moved forward and spent time and money past 3 years in the face of such a condemnation from the FDA? So many flaws could not or should not have been a surprise.
There is no way the company can make lemonade from this lemon announcement. The bitter taste will last a long time. Still not sure why 8M shares traded day before announcement. Were these who sold lucky?
Clairvoyant? Or privy to information from FDA or company that rest of us did not have?
Investigation needs to be done and all held accountable.
Sentiment: Strong Sell
3x and your out; this is third time that management failed miserably to deliver results promised; this is worst with the letter from the FDA indicating that time and money wasted for past 3 years all the time either misinterpreting the results of studies and communication with FDA or misrepresenting them; No matter,
do not believe anything company states anymore and truly believe that because of this THERE IS NO VIABLE PIPELINE and that there will be lawsuit which they will not be able to defend ( not able to defend their bonuses and salaries either). 8M shares traded 2 days ago. We shareholders in small companies have no chance with either the leak at the company level or the FDA and this should also be investigated and if the latter FDA should be accountable for losses ( fat chance) if someone there is leaking to the investing public prior to bad news.
unfortunately, wrong!! Bumped up sales force before as well as hiring more management only to fall flat on face when the prostate drug and then the colon cancer drug failed phase 3
unfortunately, I have been a shareholder for over 10 years and have seen the "red flags" before with the
drop in share price prior to an announcement, which in every case has been "bad news" with failures of phase 3 results when positive news was expected confirming fact there are no secrets except those from the smaller investors. I hope gog..... is wrong about this one and the news is positive. Will wait nervously for tomorrow's announcement and hope that management have complied with all FDA's requests and no more delays ( over 2 years now)
mitek continues to drift downward daily despite natural variance in markets. Has the market lost complete
faith in management and the company's prospects? despite positive press releases, does the market
view this as merely "pumping" up prospects or does the market and those that count in this arena have a more optimistic view of the future of mobile transactions but view mitek as a flawed participant with limited prospects? can the business model be changed to increase revenues and profits? is the patent portfolio worthy and maybe enticing to another company or is its significance been exaggerated? are there competitors with more clout or at least with more resources and a better image on the street? the settlement of the law suits obviously was not what some expected or hoped for but with those expenses decreased will there be chance for profitability or will there be more suits and more expenses?
before, I absorb the criticism that the above questions will generate, let me say that I have been long in this company and continue to be so; however, these are the questions and the fears that are bouncing around in my head and eroding my initial optimism as the stock continues its daily slide. I hope some on board
with more insight will provide "valuable" input which may either reinforce my position and hopes or weaken them.
The above statement on tisa's webpage about suit settlement. how accurate?
can someone with tech saavy tell me how there tech different form mitek's and is it better or more suited to financial institutions? they also say that they are going global and going to try and penetrate us market.
in summary, other than saving money on lawsuits and having that suit overhang the company and effect potential buy out, was this a "win" for mitek or a loss ?
are they a competitor to fear in the future or are they "pumping" their technology beyond reason? value of mitek patent portfolio?
Investors response to the "big news" about settlement seems to have been rather lukewarm. Millions of shares traded and up less than 1dollar. Previously bad news as predicted caused sig drop in pps.
Has Wall Street lost enthusiasm with company's prospects and sluggish
Growth rate in revenues and profit? Too much money spent on lawsuit for this result? What do we wait for now? Earnings surprise? TISA suit?
Who bought today and who sold? Why no squeeze? Disappointed!!!!
Always thought that the % of shorts for this company was exceedingly high and was hoping for good news
which to date has never been forthcoming that would result in a "short squeeze". Now as a long, I am the one that is being "squeezed" with bad news on the legal front and previously with mediocre revenues and CC.
Now, where do we from here with respect to stock price? business and revenues?
Still struggle for profitability?
What about the pending lawsuit September? If Mitek wins what then? But it appears that their case may be weakened and if they lose what then? What is sig of the "Russian factor"?
Finally, it appears that Mr Strange's departure may have been hastened by fact that the company was spending 1M a quarter on legal fees for a lawsuit about infringement of patents. Was this suit his idea or was he responsible for giving management advice and encouraging them to proceed with suit against USAA?
Was he the scapegoat or the actual motivator for this suit? Does the company have someone to move technology forward? How big of a loss will he be in this area?
Obviously, lots of questions now and I fear that I will not be happy with most of the answers.
again, the question is how was royal able to outbid majors or companies with more resources for this acreage? with apparently positive seismic data, why was rampart not able to get funding or a partner on what you might consider a "no brainer"; therefore, i would like to know what sophisticated oil analysts or investors really think about the value of the royal acreage. Will they be lining up to replace rampart, or waiting to "low ball" royal for the property or hoping that royal cannot make expenses to maintain the property.
We royal optimists will now see what the oil realists value this land.
when the only "partner" in your project has less cash than i have in my wallet now and a stock price less than a nickle, there is obviously no faith in your acreage and potential! Are the results of the seismic study enough to interest more stable companies to partner with royal? Have we long royal shareholders put more value in that study than others might? Is there a "white knight" out there to rescue us in a reasonable time frame?
Royal should not give Rampart an additional year to drill and end this relationship.
The problem is now the game of "chicken" begins with stable companies with more resources available to them. Their timeframe does not necessarily correspond with that of royal's. Royal may not have the resources to hold onto this acreage and be forced to dilute shares to raise cash. In meantime the "family-centric management" of the company continues to draw salaries, bonuses? which benefit themselves and not the shareholders. If the land is "partnered" the drilling timetable again could be delayed and not benefit royal as the partner just holds the acreage, especially if they have other land to develop.
One question that has always bothered me, how did a company like royal with very little resources obtain the rights to this property? Where were the other bidders?
In summary, I am a very long and frustrated royal investor. I am not saavy with respect to oil producing properties and what experts in the oil business might truly value this Alaskan acreage. If Rampart was the only company interested in Royal before the seismic data, will be there be others now interested, esp if royal can dump rampart? But it seems that Royal may not be holding the cards now and others will probably determine the future value of this company. We can expect those to extract a considerable "pound of flesh" and the very "rosy" projections dampened considerably. Who will blink first?? The owner of the acreage ( royal) or those that might salvage this project.
management stresses growth, "sweeping consumer trends" all kinds of flowery projections on number of banks, number of users, number of products and mitek's numbers
increase incrementally and seemingly do not reflect all that optimism. Despite thousands of banks and millions of transactions, revenues move forward at snail's pace; can we ever expect a "breakthrough" or exponential growth and consequently some stimulus to stock appreciation? Management constantly congratulating and rewarding themselves for a "job well done" but the shareholders are not benefiting.
To top it all, CC seems rigged with those asking questions because i requested as "private investor" to be included but of course CC terminated before any private investor spoke..
As of now, it seems that mitek will continue to lag the general market and only hope is positive result in USAA suit and if legal expenses which are incredible are rewarded.
I am asking a question and do not want to be critisized for being naive or uninformed
recent announcements by apple that with "new" touch ID that they will have security necessary to make
e-commerce and mobile payments safer and therefore more acceptable to masses; also they have 1 billion users with itunes and apps. The question: do any of the Mitek patents prevail when Apple and even Walmart start promoting and using these mobile payments and other uses?
keep up the verbal warfare based on each of your own agendas and i guess the rest of investors and posters will just have to wait to find out who was the most accurate.
Just wish that the board and management team of this company was more balanced and impartial rather than being so heavily influenced by the Hosmers. Oh well, guess I knew that when bought the stock.......
Sentiment: Strong Buy
now that rampart is going to seek independent analysis or in medicine a "second opinion" on their
seismic results and then some sort of "third opinion" what can we expect to be the timeframe for these
evaluations to be completed and announced? Also, will there be any projections about actual potential of the property in terms like barrels,etc?
If results confirm last weeks announcement, will the stock be able to hold gains?
has there really been a sig dilution as mentioned on board?
Sentiment: Strong Buy