"Not many shares to go around when this gets rolling." Lots of shares to get dumped onto the mkt any time BTX sees AST as overpriced---which will be constant process for years to some.
" Are any of these stem cell stock a home run waiting to happen?"
NO. Period. But they are all hyped in rotation as being the Next Big Thing, with BTX serving as the sinking mother ship of them all. After thorough DD, any of them them can be played cyclically, as rollers, and traded into accumulation.
Until it has operational revs - COG above G&A, it's going to keep trending (with hype fueled beta) towards 2-3X book--which according to BTX itself would be under 1 !/2. Hype can support 5X book---around 2.
The burn rate ensures Dilution, which will ensure oversupply of stock to the prudent mkt.
Hype will ensure occasional spikes to be fed to retail road kill.
Those dog&pony shows are for moving shelf stock, and mooving T-stock off the shelf at Garfies and AK.
Since BTX looks like it will need another major round of dilution around year's end, it is of course starting now at making its principle product since 1992, hype.
"But I like this company. Just trying not to be emotional about it." And so back to what vi have been saying here, If you like this dawg trade into accumulation til you've got a basis like insiders and cronies--which is well under $2. Far under $2.
noach, Yeah. Don;t pay more than $2.35.... Let the road kill do the rest.
AK also knows what he's doing--keep those free shares of his from hitting the mkt. Let Neal (who is relatively young) keep them out of circulation.
So evidently at this point Neal doesn't want to pay more than $2.35. So why should anyone else want to pay more?
So they can be members of the road kill club?
Especially when they are invented by boiler room touts.
Other targets, like 5x book, do seem to be getting met. On this dawg that's ~$2
" That's NOT how to make money in the market (and they know it)." Right. That's done by finding companies with a plausible route to cash flow positive. BTX is not now, nor has it been since 2002, such a company.
According to its own filings its on the way to a death spiral debenture.........again.
They're not all fat. Just failed at anything except dumping T-stock onto retail road kill. BTw, have you been following the BTX vs. ^rut 5 year? The rain may be coming......
Charlantans? From the Italian, " ciarlatano "a quack," from ciarlare "to prate, babble," from ciarla "chat, prattle," perhaps imitative of ducks' quacking."
THat is, if it walks like a loser, and quacks like a birdbrain, it's a dog, to be played with by specialists and MMs.
Thumbs up for another artiucle on how irrelevant BTX is becoming, and the real revenue streams.
WTs are intended to look like freebies to retail. The issue is, like most "free" things, they are worthless unless some event happens--like, in this case, BTX trading well above the strike price of the WTs.
When, as almost always happens on an already publicly traded stock, the underlying stays below the strike, they expire worthless.
BTX has a history of repricing warrants much cheaper for the benefit of insiders and cronies, to trade more T-stock for cash. Since BTX went public in 92 with 3mm shares, T-stock has been its major product.
"Of course it went down. " The "short squeeze" is over, and the "longs" and the professional shorts picked up another crop of retail road kill.
Noach, See how easy that was? Ignore all of the "long" rats' droppings and smoke&mirrors. Do the actual DD, read the filings, read the chart. Ignore any and all nonsense about "stem cells" or "Mikey" --or at least learn what the heck this stuff is about-- and, if you like this dog, trade into accumulation.
O-- and get over any of your idiocy about "shorts" and blahblah....
"When BTX goes down i just add some with Dividend money from other stocks so in a way they are free to me. " In a zero-rate environment, that can be a valid way to interpret. Especially when the purchases are made at bottoms. Add to that "sell excess at the tops" and you DO get free shares, and get a net basis like that of insiders and cronies. At that point, you can trust them.
Thumbs up for thinking rationally. But Noach didn;t develop a weak stomach--he realised he'd approached this dog with a weak head.
It's a chew toy for specialists and MMs. Those who like this dog can trade it into accumulation--don't fall for anything the "longs" say. Read the filings, read the tape. Once you get a handle on it, rinse and repeat.
I've been saying that here since 2010--when it got enough beta (from pure manipulation) to be doable for the __informed__ speculator who could afford to tie up $2-10K at a time for a couple months.
You are correct in one way. Actual enterprises deliver best to the shareholders who do set&forget, income averaging, Dogs of the Dow, etc. But then, as John Bogle has been showing for decades, most of those people would be even better off in indexes.