Already happened twice here in less than two years not only awarding big clumps of heavily-discounted shares but also diluting the stock by 60%.
you buying. They are all true. The pathetic post by the resident turkey, who agreed with all but one of them a while back, only confirm them. But I don't waste my time digging out data for idiots.
Love to drive the employee-shills and crazies go up the wall when I post these. They are all only too true and it drives them up the wall.
Fact 1. The cap is ridiculous for a company with the capability this one supposedly has.
Fact 2. Goldman Sachs disposed of their entire holding, a million shares before the end of the first quarter. Did they know what a mess this would become?
Fact 3. A loss of a quarter a share was reported for the first quarter of this year.
Fact 4. The FDA has put them off indefinitely.
Fact 5. They dropped over $800,000 on a consultant to help with that FDA process. They should have just thrown the money away. What? That's just what they did.
Fact 6. They have never told us what happened with the FDA. Why not?
Fact 7. An operating loss of 9 cents was incurred for the second quarter which they clumsily tried to obscure with an accounting gimmick.
Fact 8. Sales, which were expected to increase, dropped in the second quarter.
Fact 9. Floated a 3 million share private placement (with attached warrants diluting the stock by 25%) at a considerable discount to the then-current price using proceeds to pay off an 8 million 9% note thereby saving less than a penny a share per quarter. Any CEO would tell you this was asinine, This follows a similar year-ago private placement. Together dilution has been 60%.
Fact 10. And we're still waiting for an explanation of the FDA situation or any kind of strategic plan from these turkeys which is now entirely dependent for its survival on FDA approval.
Fact 11. Mgmt owns only a pittance of stock and thus have no real incentive to end their gravy train by selling out to a company which might be able to make these products work in its sales programs
Fact 12. This is so far a failed company depending upon FDA approval for survival since they have amply demonstrated over 15 years that they can not successfully market anything.
Fact 13. After issuing its worst rating for this mess for years, Thompson Reuters has finally just dropped it completely.
As more people realize that this was just another pump-and-dump in the long series for this junk company, despair sets in and they just bail driving it ever lower.
This should be above the junk posted by those wishin' and, hopin' and prayin'. The real story here is that even with FDA approval (which is a mighty big if by itself) nobody knows if there is even a market here in which money can be made.
And poor ndumdum is going to take his ball and go home. What a chuckle! So many people have been duped into buying this mess at much higher levels that whenever there's any upward movement whatever an avalanche of sells are entered. That will be the situation here for a long time, probably forever, because there might not be any profitable market for these toy pop-gun lasers.
No they aren't. Strange isn't it how the turkey only challenged one of my 15 facts for a citation while he is completely silent about any source for the January and February FDA claims. And of course the penny-a-view seekingalpha dope doesn't know how to do any real analysis; doesn't even try to assess what the market might be because nobody can even guess. Mgmt is just wishing it can slide along so they can keep their jobs which they have more than amply shown they should be fired from.
Bottom line? Complete incompetents are trying to run this company. But they are surely competent at ensuring their own long-lasting jobs. When is the next private placement diluting the stock by another third.
Wake up! You have made a complete hash of this. The price action should tell you even if you are all completely numb that you have no credibility left. Even with FDA approval medical institutions do not deal with two-bit companies when making major medical equipment devices. You well know that. Stop protecting your own gravy train by pretending you can make something happen here when you know you can not.. Find a buyer!
The standard "great backlog" stuff was especially precious.