Growth? What growth? It's lost about $1.6Mil in each of the last 3 quarters. The only Big Growth here is the float. That why each pump has failed. There are too many shares outstanding, and fully diluted is now approaching 6Mil shares. Yet during the big spike pump and dump in December, there were only 1 Mil shares outstanding after the reverse split. So sine Q4 2012, there's been a six-fold increase in the number of shares and no growth in the loss each quarter.
How about the insurance fraud lawsuit. Whay don't you talk about that one? Could it be the tools here see no evil, hear no evil and speak no evil? In other words, all monkeys.
LOL $15 per share or a $90Mil market cap? Lets see with about $7Mil in annual revenues, that's a price to sales of over 12X. Not in our lifetimes. Oh and my new girlfriend, Kate Upton, is really turned off by this boasting.
That's a crazy number, even higher than ILMN a multi-billion dollar competitor of CBMX. So whose balls will get crushed?
Yup losing $1.6MILLION DOLLARS, on $1.6 Mil in total revenue is an "excellent quarter?" So what's a bad quarter, actually having a GAAP profit like a real company?
Yes the numbers are ecploding upwards. It's not the share price because bagholders are in short supply. But it is the float that is exploding upwards. Fully diluted, with conversion of the Series B shares and warrants there are about 4.4 MILLION shares. Now we have Series C shares (converted at $3.02) and 125% warrant coverage. This means that when we add in the Series C preferred shares and warrants to the float (on a fully diluted basis) we start approaching 6 MILLION shares outstanding.
So let's factor in the Q1 2013 numbers. Here, we lost $1.6 MILLION dollars in the quarter and only had revenues of 1.6 Mil as well. That means total annual revenues are about $6.5 Mil or just over $1 per share in revenues. There is no P/E here because there's no E. In this industry, a buyout is generous at 2.5x revenue for a profitable business. CBMX is not anywhere near a profitable business, nor a sustainable one. In 6 months CBMX has sold Series A preferred shares and warrats, Series B shares and warrants and now Series C shares and warrants. This is all within 6 months and increasing the shares issued (as converted) 6 fold!
This is now the Forrest Gump stock, "stupid is as stupid does." The financial release was filled with misrepresentations and misleading comments, such as a $600Mil market segment, as if you can ignore their milti-billion market competitors. Moreover, you need to follow the patents. CBMX doesn't have any. But competitors such as Illumina and Sequenome do. So in the unlikely event CBMX ever gets close to being anything near relevant in this market segment, CBMX will get sued for patent infringement and then it is BK for CBMX. And that assumes that the insurance fraud lawsuit keeps dragging on and doesn't BK CBMX first.
But CBMX would have gone BK by now because the Series A money just ran out. But now, with the Series B money and the Series C money, and the continuing (about $1.5Mil per quarter losses) the money should last until about the end of the year.
LOL, at cornered the market. They are an ant dancing with elephants like ILMN. It is only a question of when CBMX will be crushed, not if. Company has no proprietary position and if sales ever increase, they will be sued for patent infringement. Right now CBMX is so pathetic it is not even worth the legal costs to sue them, except for the insurance fraud lawsuit..
Earnings??? What earnings?? If the Q1 results showed actual earnings, they would have been announced by now along with regular companies who actually have earnings. But this scam company just has misleading hype for press releases and loses money each quarter. It is not a going concern. The only question is how much it lost in Q1 and how much money was left in the kitty on April Fools Day, a holiday for CBMX. So enjoy the next 2 months when you can play your pump and dump games because bankruptcy will happen in Q3. It was going to happen this month but some sucker Series B preferred share investors ponied up over $1Mil for CBMX to burn through. But right now the float is 3.5Mil shares and going to 4.3 Mil shares when the Series B preferred shares and Series B warrants convert to common shares. You need to help out the Series B preferred holders to get out at a profit because it seems that the Series A preferred shares and warrants have all converted.
Since the float keeps growing, it's increasingly harder to mount a pump and dump routine. Friday's attempt was particularly pathetic. It seems bagholders are harder to find these days. You need to help the Series B preferred holder out because they are underwater now. Pardon me, I'm going to cry for the Series B holders now.
Welcome to Q2, the penultimate quarter for this parasitic company. Let's review where we stand. Market cap of around $16 Mil, sales around $5Mil annually, losing money, over 4Mil shares outstanding and nearly that much float (that's why pump attempts are failing) . There's around $2.7Mil of cash left to burn, thanks to the recent financing that created the Series B preferred, the Series B preferred will be converted to common in a slow drip of share printing that will rival the Fed's printing money. There is still negative shareholder equity and the cash per share is around $0.65 and dropping 3-4 cents per share per week.Delisting is coming.
So have fun trying to recruit stupid bagholders for your pump and dump festivities. Just remember the clock is ticking, cash will run out, or the insurance fraud lawsuit will result in a $30+ Mil judgment to wipe out the party. What a buzz-kill.
And the shorts are all hedged with warrants, preferred shares and the like. So forget any squeeze dreams. The insiders are jumping ship and when the music stops, the bagholders will be holding a bag full of worthless #$%$. It should be a fun time. Care to join the party?
"The converts convert at a way higher price?" It seems that the pump and dump cons have a reading comprehension problem. The Series A convert at $2. That's "way higher" than $3.30? And the comments (made under safe harbour provisions) are worhtless. If you believe that, I have a bridge to sell you and you can come to buy it and see my new girlfriend, Kate Upton.
What an idiot! Doesn't anyone actually read the SEC filings? News flash dude: WE'RE NOT STUPID! There are over 4Mil shares outstanding with conversion of the Series B preferred shares, not 1.2 Mil shares. Where did you get that number, where the moon don't shine? And the CEO didn't predict anything except his hasty exit, like a rat jumping from a sinking ship. And his successor, wastes his time posting on this board. Yea this is growth, it is growth in bankruptcy lawyers and pump and dump artists.
So fmig, you must be an insider and trying to spin what is otherwise the inevitable bankruptcy of this money-losing dog. The short amount is just north of 300K shares. With the float north of 4Mil shares, the short position is insignificant and the ever-increasing number of shares will make pump attempts look pathetic. There cannot be a short squeeze because the company is too busy printing shares to satrisfy the required conversions of the Series A and now Series B preferred shares. And the preferred holders are busy locking up their gains by shorting if they can or converting and selling to add to the bloated float. Then there is never a need to cover because the company will just print more common shares to cover the preferred conversions. It's basically a Ponzi scheme by CBMX that relies upon the stupidity of the bagholders. The winners are the preferred sharholders, CBMX management who gets to continue to milk the assets for another quarter like fmig, and shorts who continue to raid the CBMX ATM machine. The losers are the bagholders.
Yes the common shares will get "taken out" soon when the company goes bankrupt in Q3 (Q2 is next week). The new Series B preferred shares have a $3.50 conversion, which caps further attempts at pumping. And pumping is much harder now that there are 4.3Mil shares on a fully diluted basis. Meanwhile the new Series B preferred financing only added 3 months of operating runway before BK strikes and the common shares get cancelled ("taken out"). And since the comapny has no proprietary position and there are no significant barriers to entry, there is all kinds of new competition coming from university core labs looking to expand their businesses.
Put a fork in it, this company is insolvent and over with negative shareholder equity, delisting and contingent liabilities from the insurance fraud lawsuit that is over $30Mil more than the maket cap.
Sentiment: Strong Sell
"Tiny bit of dilution"??? That's about 1Mil more shares to the float which is now about 4.3Mil fully diluted. This is to keep the party going for another quarter. So let's review, shall we? The end of Q3, about 1 Mil shares. The end of Q4 about 3.4Mil shares and now the end of Q1 about 4.3Mil shares. Noticing a trend here? And yes the buyer was shorting on spikes because the buyer was making boat-loads of money from the dumb trader bagholders. Play it again, Sam! The only thing moving higher will be the float and the opportunity for more pump and dump games to allow the Series B preferred holder to make money. The Series A preferred holders already made tons of money on the spikes and were unable to generate enough of a pump with bogus seeking alpha articles. It will be tougher for the Series B holder because the float is getting larger, but I expect some more creative pumping attempts. Don't forget the insurance fraud lawsuit immediately ends the party. Tick tick tick BOOM!
Sorry to dissapppoint you, but most of the shorts are held by preferred shareholders and warrant holders. They cannot be squeezed, any big price rise and they simple convert or exercise the warrants to add more shares outstanding and realize their gains.Remember, the $2.5Mil financing more-than-tripled the number of outstanding shares when fully converted. But that money ins being spent now as otherwise CBMX would already be bankrupt.
This is how they will lock in their gains when the pumps were on after the bogus press releases (one in Dec, one in Jan) and the bogus SA article. And how was that Jan press release working out for you when the Q4 loss was the same as the Q3 loss, just as I predicted. There are very few regular shorts and those of us holding our short until BK next month or May have it as a very small part of the portfolio. So if another pump happens, we'll short more. Anyway, I shorted at more than double the current price. And I already made beaucoup bucks when I shortedthis stock in a pump and dump scheme in 2008.
Don't forget the insuance fraud lawsuit is ongoing (read the 10K that seems to have been left off the reading list of the pumpers) and will result in a damage award north of $30Mil which will mean instintaneous BK for CBMX. All this scam has become is an ATM machine for those with patience and an attention span that is north of a gnat.
This has to be the dumbest post I've read in a long time. Sure, we'll waste our money and buy shares so that the company doesn't dilute its shares too much when it is absolutely required to finance or go bankrupt, as early as next month. Idiot!
Can people be that stupid to fall for this idiodic trick again? Stay tuned if more bagholders fall again for some entertainment on the road to bankruptcy.
The bagholders are getting dumb and dumber. Anyone of the four known and published risks can bring the price to 00 overnight. This sandbox for pump and dump toys is filled with fatal germs and is about to close. If you don't do your due diligence you suffer the consequences of your own stupidity.
It will be one or the other and perhaps both. And by dilution I mean over 10Mil shares outstanding (from the current 3+ Mil or so). As this is not a sustainable business, time for playing pump and dump games is running out. Calling all bagholders, your money is needed to float this sinking ship.
Sentiment: Strong Sell
Dude, can you read? This is relating to shareholder equity, not phantom market cap. The shareholder equity is big time negative, meaning this company is insolvent and about to file for BK, perhaps next month. So you really want to be a bagholder? The filing was like yelling FIRE in a crowded theater. Last ones to the door get torched. Bawaha haha.
Yup, we've been saying the same thing for 4 years and making money shorting this dead pig for that long. But well-written, irrelevant and meaningless spin fmig. I hope you're paid well by CBMX. And in those 4 years there have been two 10-for-one reverse splits. I first shorted this pig at $12, which would be $1200 per share now. Yes you've done very well for your long bagholders. What is the cumulative loss? Something like $140Million dollars. Not exactly chump change. So who give one whit about CBMX being a "pure play" when the competition is much larger, much better diversified and has revenue thousands of times larger than CBMX? Not only that but your competition has FDA approval, yet CBMX, if it ever becomes relevant, will get bumped off the market by the FDA.
We've done our homework and shorted this pig and made money. It is the bagholders who haven't done their homework and will get stuck holding the bag when you go bankrupt next quarter. And who cares what is the estimated size of a prenatal testing market when you don't have FDA approval? And since you're a service business, expenses will grow with reverues so you'll continue to lose money until there is no more money left. Right now, I estimate about 3.4Mil shares outstanding (assuming full exercise of the warrants) and there will be about $2 Mil in cash left the end of this month. Since about $1.5Mil of cash was burned in each of Q3 and Q4 2012, you have enought cash to get through Q2 2013 and then declare BK to wipe out the common shares. Or you can raise another $2.5Mil or so by selling more shares and getting your float to over 7 Mil shares and perhaps get to the end of 2013 before being forced to declare BK.
Don't get me wrong, I love the repeated pump and dump routines and reverse splits. CBMX is a shorters dream stock and personal ATM machine. Keep up the good work!