Go see a movie! Your 15 minutes of flame are over.
Something's didn't materialize to late in the quarter. Listening to the Q&A, things are on target for the 4q. Today the shorts jumped in as soon as they are forced to cover this trades back up. We were warned of the write off. They landed $200M in new contracts and working on two additional $100M more. They also reduced debt by $25M , they will sell the Hawkeye piece in the 4Q and get paid in the !Q14. They believe they will see a claim of $43M and growing associated with the MRPR.
The best part they have $55M in tax writeoffs that they plan to start offsetting against next quarter numbers. They are landing MSA agreements. 4 and growing. The bids they have done are stronger and should be profitable. I can live with last quarter, because that is old news and soon the street will buy this up on the next quarter.
Granted it's not exactly what I wanted to hear. Biut the things that could have gone in to this quarter are built into next quarter. Bet we see $12 before the next quarters numbers.
Sentiment: Strong Buy
It did state that. Makes sense that they make a bridge loan as we wait for the world event to unfold.
We had zero volume yesterday and today 190,000 share. If you look closely they are trying to acquire on average 100K shares a day or every other day. To me this looks positive. Bet we see .005 in the next few days. Someone is acquiring shares very quietly.
Newest institutional buyers:
D.E. Shaw (NEW) share 141,245
Salem Investment LLC (NEW) 77,750
Palisade Capital (NEW) 60,000
The two remaining institutions from my previous post, made no changes to their holdings. Bares and George capital.
Interesting that three additional funds were new buyers to PZZI. Buying 279,000 shares.
Sentiment: Strong Buy
Part of the deal with OPK was that they also got their hands on a form of Propofol. Annual sales of $500M. A clear formula was part of the deal here and the delivery method maybe something that helps this drug with a lower dosage?
OPK also has their sites on the eye industry, with drugs. I wonder if our delivery method would aid in this field? I'm trying to find the link that has to be there now after 1.5 years of being in bed with OPK.
Your $20M operating profit is way to high even if they open the 100 franchises. They only earn 6%, that is something like $36K per store in royalties. That is only $3.6M in revenues if all 100 franchise stores are open. The operating profits of a franchisee, go to the franchisee. We are probably 2 years away from these 100 stores being opened. So don't put the cart in front of the horse. The current valuation we enjoy, is probable equal to actually having 50 stores open and we only have 16, counting the 12 operated by the company. Bigjim, you need to do your homework.
This has to be the company that are in talks with. Google it and you will understand. This was a reshuffling of assets. Muscle gets a piece of BZNE, Bzne gets a piece of COCRYSTAL. Everyone wins.
Something large is happen and the deal here drops it in our laps. Last week they raised $3.5M dollars, the following week they sell off the largest asset they own for .20 a share. Not in a million years, unless they have a huge back up plan. I feel sorry for the investors that panicked.
The best part is that BZNE still enjoys the Qusomes growth through owning 1.2M shares, they get the TEVA/Frost COCRYSTAL next leg and we as investors who didn't over react, well we just got the best of two worlds. They shuffled assets and since BZNE is 50%+ is owned by frost and friends, we just became very wealthy. Go view COCRSTAL web page.
Thanks to the investor who spotted COCRYSTAL...you are my new BFF. Hope that didn't sound to gay, not that anything is wrong with that. (Seinfield.)
I believe we will gap up to the $2's +++ when this is understood.
Sentiment: Strong Buy
They explained the move and until they are fully ready to roll out this move, we have a buying opportunity. If Teva comes to the table with the additional $37.5M and the $15M+ that BZNE will have, this could be fun to watch. TEVA wanted 23% of Cocrystals, so if they stay on board and fund the rest of their agreement, that would be a huge pat on the back on the science.
Something makes sense right now to move Cocrystals to a publicly traded company. I'm curious to find out what the move means.
Looks like these cheap shares went fast. Why does a sub penny rebound so fast? Yesterday someone was willing to pay .0055 for 1.2M shares. Very interesting? How fast these cheap shares get taken out.
The key as I understand it, is that this drug has to show results in Delayed onset Subset. Results suppose to be end of Dec. If bad news, will OPK take a hit?
Google "China's Move to End IPO Halt Sparks Rally in Finance Stocks".
Here is one piece of it:
The IPO freeze will be lifted following new rules that pave the way for a switch to a U.S.-style registration system and letting investor demand determine pricing, underscoring Communist Party leaders’ pledge to allow markets to play a “decisive” role in allocating resources. China, the world’s largest IPO market in 2010, hasn’t had a new listing since October 2012 amid a crackdown on fraud and misconduct.
“Resuming IPOs will be a big boost to brokerages’ investment banking business,” Zhang Yanbing, a Shanghai-based analyst at Zheshang Securities Co., said by telephone. “Some investors believe that China’s stock market will enter a bull market soon.”
Smaller companies led declines today on concern new stock sales will divert funds from existing equities. The ChiNext Index of companies with a median market value of $1 billion tumbled 8.3 percent today, its biggest retreat since it was created in June 2010. The gauge has surged 76 percent this year.
Trying to make sense of it. I got to admit, never a dull moment with the Hardmans. I'm not sure how to connect the pieces here. Well it's entertaining, if nothing else.
If you want to ever post a link, try the tab "Market pulse". apparently yahoo doesn't want to completely sensor, only slow us down. Back to this little piece I found interesting, hope you do also.
"The average taxi driver in Buenos Aires understands more about financial mismanagement than the crowd at a conference of Nobel Prize-winning economics professors and central bankers," Marco says.
Americans have yet to learn these lessons. Ours is a culture still much too trusting of central banks and paper money. Most Americans don't understand what the central bank really does. Or how the banking system functions. They don't get how they are being robbed. They are more likely to blame higher prices on the oil companies or foreigners. They don't see that the cause is the government's money printing. This reminds me of that old line from Henry Ford. If Americans really understood the banking system, they'd revolt.
(Or as he put it: "It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.")
The thing is there is more similarity than you might guess between the two the countries. And in some of these comparisons, the U.S. does not come out looking the best. Marco ran some numbers on the debt of both, for example.
"Debt per capita is about $4,900 in Argentina and $53,000 in the U.S.," Marco begins. "That compares with GDP per capita of about $11,600 in Argentina and $50,000 in the USA. Individual Americans owe almost 11 times as much government debt per capita as individual Argentines. But U.S. GDP per capita is only 4.3 times as much. Now whose government looks irresponsible?"