Shady deals to raise capital. Neurometrix was once a quality company with a quality product the NCStat then insurances cut them off and back paying doctors to use the product got them in trouble. Since then the company takes on a new product every few years, pumps it up as the next big thing, then moves on to the next when it fails. Revenues keep on decreasing, cash gets burnt, the stock falls, they reverse split, dilute shares 600% or so and repeat. I don't see how all of this is possible without a horrible board and ties to a short hedge fund. The hedge fund drives down the stock on the short side and covers during the next bout of financing. Who else would be so masochistic to fund the company unless there was another way to make money?
The stock trades solely to line Shai and company pockets. I am certain that the news was leaked as a hook to raise capital. Stay away for anything more than a day trade. Whatever you do don't pump this garbage. It's not nice to sucker someone into the most disrespectful to shareholder stock I have ever seen in 25 years of investing in microcaps. Don't look at the fundamentals w hen doing DD. Look at how many reverse splits and cash raises multiple times the shares outstanding they have done.
Wearable technology might trick a few with the popular key word. It's still nothing more than an ab belt. Take advantage of any gain you get on this. Nuro management and board should be put in jail and no self respecting investor who did DD would ever own this stock long term.
With a float under 10 million and as the rollout of hydrogen fueling stations expand hydrogenics (hygs) stock will probably be the greatest performer in the fuel cell sector this year.
Hydrogenics (HYGS) is the cheapest fuel cell company out there and will greatly benefit from the massive rollout of hydrogen fueling stations and excess energy storage as hydrogen. Plug is not worth it but HYGS would make a good Ballard aquisition.
Ballard is teaming up on European forklifts with their fuel stacks and IP. This is likely to prepare for a US entrance once the exclusive license with plug is over. Hopefully Plugs stack the acquired with their 4 million IP purchase can compete.
Go back through my messages on NURO for years. I was once positive on NURO years ago but now realize how shady they are. The company constantly replaces one idea for the next with the new being a worse failure. The NP Stat had potential but the new product is nothing to write home about with very little IP. It's more like a specialized ab belt using the same neurostimulation. Executives are paid like the company is still doing 30+ million in revenues and the board gets way too much for their lack of a fiduciary responsibility. Now it's just too much of a coincidence. The company has to have resorted to giving out illegal insider information in order to entice groups to invest. The groups that invest are no doubt on the short side taking advantage of warrants or convertibles which only leads to more pain for shareholders who "I guess deserve it for not doing DD or expecting things to be different this time."
The sec should look into insider info being given out.
It really Seems like nuro helps sell a secondary by offering up some news it's about to release to the buyers. Just happened again.... coincidence? Who else would fall into the nuro trap after their history unless the entity found a way to sell short most of their shares prior covering with the secondary.
I agree that the share price should be in the teens next year with the new culture but the advocate group bought their shares around 2 bucks. If Novatel gets an offer in the $4's they may take it and avoid chance. A bird in the hand is worth two in the bush. I am assuming that more investors will catch on to the progressive goals of the advocate group and the share price will continue to rise into the $4 range leaving a $4 offer unacceptable. A $4.00 offer while Novatel Wireless is trading in the $2's is likely if another company is willing to take a chance on Novatel here.
The settlement is completely idiotic but just let them go in peace. NVTL share price will perform better once Wall Street forgets Peter or insider trading was ever a part of Novatel Wireless culture. Bringing any more attention to the negatives not going to help.
The advocate group for shareholders is not just any advocate group. They actually had enough power to get things done, replace management, and are now running Novatel Wireless from the inside.
The settlement sucks but having the old management team sucked worse. With Peter out the company has sale as an option which should bring near term gratification as NVTL trades toward a pre-acquisition price in the 4's. We can already see it happening. Look at the trend over the past month. The trend is your friend.
We are on a upswing a few 2-10 cent up days is usually followed by a big day. The replaced executive team is a reason now we just need the move. Two bucks is nothing. The new shareholders have a cost basis of about two bucks and that is why they may sell the company at four. This is still way undervalued compared to its competitors. NVTL M2M business is actually growing faster than SWIR. I'm still expecting $2.50 and more pretty soon.
Look at ADEP for an example. Rob Cain, part of the Hale group, was also gifted a bunch of options upon his hire.
Gift shares are just part of this crummy capital system and it would be dumb to buy shares when you can get them free. Don't hold that against Mashnisky but against our system in which some corruption has become accepted as common practice. Our market system allows a company to sell itself the public and gift it back over time through options and restricted shares.
At least now Novatel Wireless is led by shareholders that will benefit greatly by price appreciation. The goal not just how much cash you have on hand so you can keep on paying salaries. Hopefully management will adopt a cash is king mentality... if so we will see substantial return.
There should be some insider buying by the new team to show support. The mobile computing division will likely be sold off and that could lead to a company that has more cash that market cap. Novatel Wireless now has leadership that will look after shareholders which should create a huge move once the mess is cleaned up.
Aeropostale is making necessary changes and cutting the fat. The float is still substantially low even after a Sycamore's share conversion at $7.25 per share. Teen retail is cyclical with a continual switch to the mall, away, and then back toward it. It is about time for the switch back and Aeropostale with the new changes is not as broken as one may think when looking at the share price. Some mutual funds are embarrassed at the share performance and are dropping ARO from their portfolio at any cost before they get tagged as ARO holders. It may not be a bad thing years from now but right now it is embarrassing.
One of two things have to happen for a Sycamore make an offer. One, a cyclical return to mall shopping teen retail begins. Two, Aeropostale's starts showing increasing same store sales. Increasing same store sales is expected but revenues will decline due to closed stores.
Sycamore wants the best price and is on a wait and see how low it goes. Sycamore is more likely to get an $8.00 offer accepted here than at $6 bucks on the way up.
We will see some suitors window shopping late summer as we enter the back to school season. Sycamore is smart. While they may not be the suitor the cash infusion has a multiplier effect into Aeropostale's market value in a sale.
The upgrade price was 2.50. The conservative upgrade was probably why we saw little price movement. That could be hit at any time and surpassed. Then what does it make PLNR to the analyst?
PLNR has been down and out for a while. Its one of the few bright spots in the microcap sector that you find a stock upping estimates, earning money, and not up 300% or so. I would expect the stock to outperform and surpass the $2.50 price target in the near future. I'm thinking it will trade closer to $4.00 going into the next earnings release barring any overall market collapse.
I'm still waiting on NVTL to show up and am hoping on positive forward guidance in the next quarter. I'm not jumping into NVTL again until I see positive forward guidance on the next quarter where some has already been realized and not just the end of the year.
PLNR is looking good and could be an opportunity here. Planar Systems is doing exactly what I am hoping to see in NVTL. I'm just surprised it has not jumped more this morning. Revenue over a hundred million, a few analysts covering it, earnings (not just less loss) keeps on increasing.