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Berkshire Hathaway Inc. Message Board

baltbear 48 posts  |  Last Activity: Jan 29, 2015 7:43 PM Member since: Apr 8, 2011
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  • Reply to

    Maybe this is why

    by jetpro3 Jan 28, 2015 4:06 PM
    baltbear@ymail.com baltbear Jan 29, 2015 7:43 PM Flag

    jetpro,
    I well recall Paul getting a "me,too" generic FDA approval for Hextend while claiming the advantages would lead to other claims and pricing.
    And I see that all the i/p BTX bought from U of Utah for royalties and stock for "matrix" yayyda was for a "me,too" generic hyaluronic acid formulation.
    And the last I bothered to look, BTX's pursuit of additional EEU approvals is for another "me, too" generic.
    And I also know that the majority of BTX's patent estate falls under the class of things on which it might generate a few $K a year from royalties--but not "600 new medicines" as the KoolAde salesmen around here try to claim.
    So, in many ways, things are a lot more 1997 than the pumpers want to talk about--the main difference being dilution from 3mm o/s to 57mm--without the price falling to 1/19th of the 24-28 this dog channeled in before AK told Paul how to play the split game.

  • Reply to

    Maybe this is why

    by jetpro3 Jan 28, 2015 4:06 PM
    baltbear@ymail.com baltbear Jan 28, 2015 6:13 PM Flag

    jetpro, And NOW the 1997-99 game sounds familiar...when the company syated it would be pursuing $80-90 a litre for Hextend in a mkt and regulatory framework that put it at $20 and under--with most of that going to ABT.
    " thinking of a BioTime (NYSE: BTX) therapy in the works that the company is planning to price at $250,000."
    Got a source doc for that? It sounds hilarious.
    By the way, that Hep C drug will end up costing more govt $ than will be spent on higher ed---but will still represent a net "savings" over alternatives over patient lifetimes. And THAT is the economic model that is expanding, even as sanity begins to emerge is drugs priced by the "because we can get away with it" model.

  • Reply to

    Confidential Treatment Order

    by twicesilent23 Jan 23, 2015 11:16 AM
    baltbear@ymail.com baltbear Jan 27, 2015 5:25 PM Flag

    penn,
    Now--other than the blatantly stupid attempt at ad homs, you begin to talk like somebody who knows the game.
    "y running negative cash flow and has been for sometime. Therefore, it is highly risky and may need to raise more equity which will be dilutive." Yup... Given the currently business plan, about another 100% before there is a chance of cash flow positive.
    THAT's "looking at the future". In the meantime, this dog is a chew toy for specialists and BTX insider cronies.
    Now try sounding like an investor, and give me 100 words--with quantifieds at what I expected from high school level interns as to what keeps this dog over 2xbook.

  • baltbear@ymail.com baltbear Jan 27, 2015 5:21 PM Flag

    Investors and traders will note this is a lease of a patent from an outside source, and firms ion Europe are already using it.

  • Reply to

    Confidential Treatment Order

    by twicesilent23 Jan 23, 2015 11:16 AM
    baltbear@ymail.com baltbear Jan 26, 2015 9:23 PM Flag

    pennquaker,
    So close to being right---and then you start blathering. "Going concern" and "Material Event" interchange. Anything that may have material effect on the operation of the enterprise is, by its nature a "going concern" issue. Thus the requirement for 8-L to begin with.
    Certain matters may indeed involve a use for secrecy. The question is "of use to whom?" In the specific case that I referenced, how BTX represernted in its press releases a new relationship was undone in the 8-K by the facts presented...which 2 days later were made "confidential."
    It is of material concern to stockholders how much BTX pays in commission to sales agents, when it reports gross sales, instead of net.
    The "going concern issue"--that is, "Stick a fork in it--it's done." is one BTX stayed under for 6 months--then did a massive d/e swap and began it's present set of games. THose who played with it did extremely well. Nobody buying -in how as an "investment"--a "hold" has any chnace in heck of ever doing anything like it.

  • Reply to

    Confidential Treatment Order

    by twicesilent23 Jan 23, 2015 11:16 AM
    baltbear@ymail.com baltbear Jan 23, 2015 8:38 PM Flag

    mriucd,
    It would mean that for some reason BTX failed to provide support documents for claims made in the 10Q, and has argued successfully that it ability to be an ongoing concern would be materially reduced if the information was public.
    BTX did the same thing a few years ago when it got it announced a "partnership" with the largest supplier of lab products in the bio-agent/chemical/ field, but the 8K showed that the deal was actually for a catalog listing, with 50% commission going to the catalog agent for anythng sold through it.
    The entire "Life Map" project is basically only a way around that.

  • Reply to

    Shorts

    by short_buster Jan 12, 2015 7:57 PM
    baltbear@ymail.com baltbear Jan 15, 2015 5:53 PM Flag

    heads,
    Given that you are a lying sack of expired Hospira product, and that I have more than once offered a $50,000 bet as to whether I or any client has owned any share of BTX in any way, excet as poart of ^RUA or some other broad index, or ever shorted it in any fashion,
    once again you show yoiurself as a gameboy loser attempting to deflect away from the busness plan and dilution..
    PanC-DX is thus far a me,too generic in an obsoleting market.
    I've said that here since they came up with the name---which name is just another example of all hat, no cattle.

  • Reply to

    nice

    by mriucd Jan 15, 2015 11:36 AM
    baltbear@ymail.com baltbear Jan 15, 2015 5:48 PM Flag

    shant,
    Becuase they are not very liquid---and all those constant permalong posts from heads, msft, etc are part of their trading strategy while they tell everyone else to hold still.

  • Reply to

    profit taking.....

    by blueharvestmoon Jan 14, 2015 12:51 PM
    baltbear@ymail.com baltbear Jan 14, 2015 7:21 PM Flag

    blue,
    Trade into accumulation.

  • Reply to

    Shorts

    by short_buster Jan 12, 2015 7:57 PM
    baltbear@ymail.com baltbear Jan 13, 2015 6:08 PM Flag

    ROTFL.....
    So--1.3mm shares of the "rally" was year-end short covering for tax purposes?
    If you, those same house will be back any day now to take another ride.
    More money has been made by trading this dog than will ever be made by it.
    " the problem is that you have a significant amount of shares to cover." Nope. The "problem" is that BTX has significant ground to cover on growing revs before it even covers payroll. Until that's done, dilution is a given, and shorts have room to play.

  • Reply to

    Huge Trades at the close

    by wallstreetguys Jan 7, 2015 4:10 PM
    baltbear@ymail.com baltbear Jan 8, 2015 6:54 PM Flag

    wall,
    You actually get a thumbs up for that. Especially since you admit not knowing it yesterday--and are thus no kind of WallSt guy at all.
    In addition, many trades are settled "in house" and sent to the tape later--as much as an hour later as of 2004, though more like 10-15 minutes in 2012.
    This leaves the 18k trades hard to interpret as anything buy tax-purpose housekeeping in some house.

  • Reply to

    Huge Trades at the close

    by wallstreetguys Jan 7, 2015 4:10 PM
    baltbear@ymail.com baltbear Jan 7, 2015 8:20 PM Flag

    wall,
    Thuimbs up for noting the odd size. I see such things as neutral. 18k 8 times? Tax adjustments... Like when Neal sold Neal 1 million shares at a dime--but the tape printed 1mm at the close of around 3/16..and the whole game started up in its current incarnation.

  • Reply to

    Loving this

    by jjmill2 Jan 7, 2015 5:50 PM
    baltbear@ymail.com baltbear Jan 7, 2015 8:17 PM Flag

    jmil2,
    Another 3/16 and you are break to break even on your initial buy in---so no doubt you are happy.
    "I've been told" by 50 years of playing this game that revenue over COG talks, "billions" just feeds the specialists who use this dog as a chew toy.
    Over a year has gone by and not one "long" here has tried to meet the challenge: 200 words showing an actual quantified path towards zero dilution. Something that rises to what I would have gotten from high-school interns.
    There has been a tonne of portfolio adjustment this past 5 or so weeks favoring this dog, and those who did what I have been consistently saying--trade into accumulation--are doing well with the strategy.

  • baltbear@ymail.com baltbear Jan 6, 2015 5:53 PM Flag

    msft,
    And you've been trading in and out of this dog the entire time, while telling others to "buy and hold." I'm telling people who like this dog to do the same--until they have a basis like that of insiders and cronies and slime like you.

  • baltbear@ymail.com baltbear Jan 6, 2015 5:21 PM Flag

    msft,
    Since you made the decision as to how to name the thread, you are now identifying yourself as a pumper fanboy with no information on the fundamentals, the filings, the tape, etc."
    See how easy it is to identify brainless pumpers? They always refuse to use verfiable numbers, and go straigtht for ad hom nonsense.

  • Reply to

    $5?

    by mriucd Jan 4, 2015 1:43 PM
    baltbear@ymail.com baltbear Jan 6, 2015 5:16 PM Flag

    mriucd,
    That;s a folk myth... The neet basis is that mahy brokerages put cut offs of what tickers can be bought on margin. The old traditional mark was $5. If you actually are in the biz, the mark is closer to $2. When you are the house, the cutoff point is $0.005.
    A large part of the claimed "institutional ownership" if this dog is a mandated requirement of them running funds that mirror the ^RUT and ^RUA.

  • Reply to

    Life Map-

    by mriucd Dec 28, 2014 11:50 AM
    baltbear@ymail.com baltbear Jan 3, 2015 7:02 PM Flag

    wall,
    So you are saying that BTX rallies from insider trading? Yeah, it's done that several times. That's when the specialists short, as well. And then cover when the cronies trade out to retail.

  • Reply to

    interesting

    by mriucd Jan 2, 2015 11:01 AM
    baltbear@ymail.com baltbear Jan 3, 2015 7:00 PM Flag

    "What will the COGS be for $$$millions sold in biomarkers when they are sold? "
    "Gross profit margins will be high I believe." Based on what? You evidently have no idea what a "bio-marker" is.
    "Three diagnostics are in trials as I do recall" Uhuh. What will any said test yield to BTX? Never mind that "doing the test" costs the patient $x. What % of that goes to BTX?
    What is the history of earnings for similar tests? For one of them, where BTX seeks a "me,too" generic equivalence, sent the company that invented it into bankruptcy before break even.
    But the, it probably didn;t have a cult memnbenrship there to keep sucking up treasury shares.

  • Reply to

    From stocktwits on Btx

    by wallstreetguys Jan 2, 2015 2:40 PM
    baltbear@ymail.com baltbear Jan 2, 2015 8:35 PM Flag

    mriucd,
    It basically means that equity industry professionals who have watched this stock since 2008 have made reasonable bets that the company will have to keep printing shares, diluting the worth of any existing shares--no matter how "press" the pumpers generate. By the way, feel free to laugh at anything that sounds like what the newly arrived "short-buster" is mumbling about. It's a left over script from the 90s.
    The only way to ACTUALLY clean the short iinterest out of a ticker is for the company to start showing net revenues above payroll.
    Professionals know that all the talk about "billions" means nothing at all.
    As a result whenever a pump like this one gets any momentum to it, these #$%$suckers who think shorting is ethical just sell the newbies stock that doesn't actually exist. When the rally fails, the same #$%$ buy stock to replace the fictional stock.

  • Reply to

    Shorts Are Covering Slowly As You Can See

    by short_buster Jan 2, 2015 3:22 PM
    baltbear@ymail.com baltbear Jan 2, 2015 8:28 PM Flag

    shortbuster,
    Hi there lying punk with nothing to actually say. You sre doing an excellent job of showing this dog as a specialists' chew toy--not an investment.

BRK-A
215,865.00-4,133.00(-1.88%)Jan 30 4:00 PMEST

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