Vol is not all that important, and in fact the reported average for BTX is currently inflated hard by year end port adjustments. The only volume that matters is revenue per share. Using the thinking penn has used here before if that revenue per share goes up by about $0.40 per year, BTX could sustain a $2. share price.
You were doing great until you called BTX "undervalued." Oh..and "Even a small probability it will work woukd yield a large net present value. " Nope..just a much higher than Graham would pay on the tape. If you can show in 200 words at what I would have demanded from high school level interns as to how to calculate a realistic figure out of "small probability" with NO $ figures, B/Ds and talking heads the world over will want to know about it.
Your "facts" are correct. Your interpretation of them is a mess of retail road kill waiting to happen.
Go find a Black-Scholes calculator and see how it looks there.
The one thing you are missing is "if" $6.39 and __stays___ there. Something like thaht depends on BTX brining in enough rev minus COG to make payroll and rent. There is no indication that will happen, and there is a promise that there will be another round of massive dilution.
Thumbs up. They should be embarrassed---that is the most honest of them. The rest should just be fed to wild hogs in West Texas and converted to something useful.
Go ahead--make the case for WB sucking his own shares off the mkt. Who benefits? O..you do. So what?
In the meantime, bI see the fun news that WB is divesting out of carbon stocks.... A little late, but then, just for the likes of you he didn;t do a one day dump.
"all I ever asked was, Y, YYY, buy ibm over brkb, simple, ez to answer" The simple answer is that all he could do with the BRKB is sell it later at a higher price---a perfect paper churn of the type that kept you going for decades until 92 ish.
I dunno about "professor"--but I do know you know the paper game, which is the essence of the street. The problems you have analysing BRK come from that. $$ that WB couldawouldashoulda made is part of building the scripts in a boiler room.
And the days of a few making 20% compounded whateverley because retail was too stupid to price correctly are gone.... ok.....not gone, but beginning get old.
In the meantime, a survey referenced in Individual Advisor showed that about 26% of retail had no idea that their brokers cost them any thing at all....
And a failing recall suggests that WB has been pushing the idea that the pricing errors that made such trading profitable are disappearing---except where the error is that the price is being pushed by cash inflows to the mkt into the realm of absurdity.
One again you forget that WB is playing HIS game, not yours. See, it's like this: he IS "the guys" and he invited some retail to watch him play and have their holdings grow.
Buy lunch with the guy. He'll likely explain to you in terms that work at Spoint.
By the way that "2% for the house" is a good reminder why the sainted Benjamin Siegel was more honest than Fido.
Sinc3e WB's basis for BYD is $1.90, and WB fan boys had the chance to buy around that range and sell for a triple not that long after, what you are actually seeing here is HC--who knows the paper game well--complaining that those actually generating wealth aren;t generating paper to match.
Not at all incredible. Purely a function of p/e and cash flow. And it will continue until those change, unless it keeps being gamed for the benefit of the specialists.
Not as much as it was from 96-99.... but certainly it's being gamed. Get a good sized 5 year chart. For openers check the collapses against options issuance to insiders. Look at the clearing agent being one of the insiders.
And, lol, look at what got me to notice this dog again back after the d/e swap that kept the doors open--when Neal sold Neal 1 million shares at a dime (for "tax reasons" and the tape showed a 20X higher than average vol and up about 30% for the day.
Not to suggest that it is still doing the SEC violations it was doing back in the day--but look at how often the real spikes have occurred 2-3 days in advance of "news." and then slid down.... "Buy the rumour, sell the news" works extra well when the rumours can be so precisely timed.
How hard is it being gamed? What's 2x book? What's 12x sales? Why all the "subsidiaries" ? All for the game.
Correct. Those who saw that Mikey and other insiders were approaching optigons pricing season bought a chunk of shares. The professionals offloaded some of theire around 3 3/16, and another chunk over 4. They ended up with 20% or better ROA and a few shares at basis like that of insiders and cronies.
And more than a few of the pumpers around here have admitted that they are among those doing it.
As anybody who likes this dog and is not retail road kill will be doing.
Well sure. But unless the boiler room touts and smoke shop pumpers shut down any reference dto revenues and O/S, there's no way they can keep this dog over $4.
It's a simple comment on the burn rate and time to get even $1k a year positive cash flow per "product." Read the S-3.
That's what the pros are doing, and have been doing since Mikey went from a BOD seat to CEO during the debt/equity swap.
Since then the o/s has more than doubled, and is now promised to go up another 30-60%.
Hi there dumb liar. Great job of showing that the pumpers will not talk about the math on this dog, but instead keeping going for the ad homs and the koolade sales.
Enterprises engaged in substantive biomedical research use professional services that don;t submit substandard samples.
Substandard residual urine samples? rotfl.....the average big city jail can do better than that.
Nope.,. The real product is the beta. Its consumers are the specialists and cronies pocketing profits on the churn.
Now that you have proved yourself a liar, it will be even more fun sorting through your hocus-pocus and staying on the math.
Notice how the pumpers hedre gave you a thumbs dowen for asking an honest question?
I give you a thumbs up for pointing to the rounds of dilution now starring while cash is cheap.