last 18 trading days and down ~33% off 52 week high.
Lots of folks do not have confidence in LPCN so taking profits
How do you pay the interest on $200MM with no earnings and you have to issue stock to have enough cash to survive and it looks like they will need to go to the debt market again or issue more stock in the next 3 months to have cash for operations.
These folks need to figure out how to make a profit. If they cannot raise prices enough to have a profit then the Shorts are right on with what they are doing and these folks better solve the cash flow problem very soon
This stock has lost ~50% of its value in the last two months
A Credit Card company could be a possible suitor as could a large or medium sized bank looking to get their credit cards and loans into the space and grow there overall business and develop so loyal long-term customers
Nothing on their web-site gives you a warm fuzzy feeling that they have the people to pull off a successful product launch. Have they ever demonstrated by an independent third party that the device works ?
Just questions not trying to bash the company, looking for advice as an investment.
ONE is holding up well against the down\turn in Market ~15 trading days of short position - could a buyout (consolidation of industry) be coming soon ?
Good Company - return on equity top rate.
Analyst starting to believe in the Chemistry - Which can grow the Company
The evidence was in the 2ndQ numbers even with rig counts down, oil prices down, the customers and analysts now see it saves money for the driller and when oil prices increase - hold on to the FTK Rocket
COMING VERY SOON
Got This From WRES IR: Looks like call will be August 4th. Our audit committee meeting is July 29th. We usually release earnings the morning of the call.