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Epizyme, Inc. Message Board

axconith 8 posts  |  Last Activity: Oct 18, 2014 7:38 PM Member since: May 24, 2013
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  • axconith axconith Oct 18, 2014 7:38 PM Flag

    Yep , doesnt seem to be much faith there.

  • axconith axconith Oct 18, 2014 7:30 PM Flag

    Yep, they signed off, sort of, with many caveats:

    As discussed in Note 17 to the consolidated financial statements, the Company is subject to risks and uncertainties including litigation, governmental investigations and increasing liquidity pressures that could affect amounts reported in the Company’s financial statements in future periods.

    A company’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company’s internal control over financial reporting includes those policies and procedures that (i) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (ii) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (iii) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company’s assets that could have a material effect on the financial statements.

  • Reply to

    You must be kidding about the

    by berryhater Oct 18, 2014 5:21 PM
    axconith axconith Oct 18, 2014 7:06 PM Flag

    It looks like they can maintain the dividend for now, but on some level that would be fiscally irresponsible. How do you justify a dividend when you're trying to sell off assets for cheap?

  • Reply to

    WAS A GOOD STORY AND POP UNTIL THEY READ THIS

    by barexam112 Oct 10, 2014 4:35 PM
    axconith axconith Oct 18, 2014 7:02 PM Flag

    With current economic conditions, a large amount of CLF assets are overstated. The book value is more negative than anyones willing to admit.

    Book value would mean something if it was accurate and positive. It would mean they could liquidate assets to get through this tough period. With it being both inflated and negative, a really bad combination, it means the options are narrowing,

  • Reply to

    Average $12.50, 10K shares

    by heshamkhalfan Oct 18, 2014 1:48 PM
    axconith axconith Oct 18, 2014 6:54 PM Flag

    I'm currently short with an average around $10.

    Not sure where CLF is headed, so my position is small, less than 5%. I've been in and out of it for years, both long and short. They are scrappy in that I never count them out from coming back up. That said, I just feel that things beyond their control, ie commodity market prices, economic conditions, etc ... have created a situation where it will be extremely difficult for them to do well in, and possibly even survive in their current form.

    You obviously feel different if youre staying long. Why are you optimistic? What do you see happening in the next six months or so?

  • Reply to

    Who sold at 1.85 LOL

    by newgrad2014 Oct 13, 2014 9:58 AM
    axconith axconith Oct 13, 2014 10:29 AM Flag

    Then quit saying you hate being in this stock and should have bought something else. Yes it is down with no news, but if you like the company its a buying opportunity. Already made 5% this morning.

  • Did someone get all the shares they needed and decided to change the game? Anyone watching trades on Level II ?

  • Reply to

    Who sold at 1.85 LOL

    by newgrad2014 Oct 13, 2014 9:58 AM
    axconith axconith Oct 13, 2014 10:09 AM Flag

    Bought this morning on the dip, and happy to see it rising up to 2.06 as the market heads negative. Should be another wacky week.

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