a private placement or some kind of crony financing deal in which somebody is selling mass amounts now to pick up cheaper shares soon to cover with, and keep the perks that come with the deal. Biotech is heating up again,...... need cash cushion to negotiate with big pharma. Just smells bad.
Did you happen to look at ERA and PHI financial results for 1Q2016 ? CHC bankrupty, EAC stock in the dump, the whole sector is under pressure - nowhere to hide. Market is just trying to discount all the downside possibility with BRS Q1 results to be released in a couple of weeks.
8K shows all the details......... IMMR gets 6.3754 cents for each sticker and provides 1 free soccer ball a month to each customer. Recent move to new facility was to address soccer ball manufacturing in house.
Looking at the burn rate it appears they have less than a years cash left and the forecast is red all the way thru 2017 looking at analyst estimates. I would think they are shopping this around by now, as a matter of survival.
for a while, but with help from the markets (correction) could set up a nice buying opportunity later. With high profile lawsuits pending and largest customer not paying anymore (unlicensed Samsung), not a good combination for the stock. Like I said before, all big players were watching when HTC dealt a body blow that rocked the house. Will have to see how the appeal goes on this case, favorable outcome could lead to a rally at some point in the future. I would think appl, samsung, att, and all others are waiting to see how the HTC appeal goes before rushing into any settlement.
Agree with you, sold all last week upper 7s, low 8s.
Missed on revs, and EPS, however by reading the business commentary you would think everything is wonderful. ....... the same wonderful that produced the egg that was laid before us.
Hoping to get back in at a much lower price. Someday the tide will turn, but not quite there.