Right. They are required by SEC to annonce anthing that is "material" to the company. So if there were much money involved, they would be required to report that. So you can assume for now, there is little or no money involved.
Be aware this is a daytraders stock. Definitely not investment calibre. While the company likes to promote itself through press releases, the insiders have been selling heavily. Most recently (last week in fact), the CEO sold 100,000 shares and he still has a TON more to sell. (MILLIONS!!!!) ONVO executives have enriched themselves with all their stock allotments. Taking a shell company (it used to be a real estate company), turned it into Organova, took advantage of 3d printing hype to take it to the NYSE, where they can sell MILLIONS of shares and reap tens of millions in capital gains.
half of my long position I'll sell if 6.47 gets hit....
In this from 5.87, which I alerted REAL TIME...seconds after the buy...BOOYAH!
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this is a good thing to see. They just cooked the #$%$ out the shorts. Mission accomplished. Could still continue higher...came close to the $8 high end. But, has a steep hill to climb now after that selloff.
Today some seeking alpha guy does a bash piece on VNDA. I pretty much agree there, but the funny thing is that by the numbers, VNDA is a total steal compared to ONVO. When will someone put out the next ONVO bash piece that says that by the numbers it's only worth $1, even if they do some business in 2014
Knew you'd be here taylor Your too predictable.
Don't get too excited over a 1 hour breakout. Haven't you learned you lesson yet? Youve done this before. That is, your bullishness called the top.
Taylor, you dumb #$%$, where were you yesterday when I flat-out DEAD-ON NAILED this breakout and protected my short position by going long?
So you're here, as usual, going long well after a breakout, chasing it like a fool..like you did when it was over $8.
1) major money flow into gold (safe haven) today
2) TSLA, perhaps the most bullish stock in the market for months, is negative today
3) US gov't agreeing to keep printing money and propping up equities