I have posted below a very interesting comment on Lincoln posted on the cmxi board today. It is what I have been saying. Lincoln is the worst. I have no idea why sngx went to them. They had Kirk and grant money. It makes no sense other than to comment on how naïve management here is. Science is great, but without the proper finance, no bio will survive and thrive.
Does someone need a tissue? I'd say it would be you who doesn't know much about LPC because the obvious answer to my question is there is no way to know how much they hold. They are private and do not disclose their holdings. I know because I've contacted them in the past. There are only 2 things that are certain, LPC is not holding 5% or more of the stock or they would have filed a 13D and per the agreement can't own more than 9.99%. But I would bet an educated long who has kept up on the financing, which started back in 2010, could venture a guess. Hopefully someone on here is more helpful than you.
I know quite a bit about LPC, and how many of the stocks they have been involved with have performed. Ask anyone in the industry about LPC, and they'll tell you this; companies end up there as a last resort. In Cytomedix defense many small caps are not faced with much other choice.
I have direct experience with LPC through another stock I've been involved with for a couple years that organized a financing deal with them. They went there after finding out that no IB's were interested. LPC has sold into every run the stock has had and probably shorts it on the way down. The nature of the beast. But it's better than going bankrupt
Its interesting to watch the short at work here. Volume is small so trades are easily identified. Today, short staying on the offer in size at .28, as he has been for a while. During the day, an offer of 10,200 shares was put out at .26 and change. This is as low an offer as we have seen lately and was a clear attempt to force shares lower. Those shares were eventually bought. And, low and behold, the short # today was 10200 shares. Short at work to push shares down. Given the total lack of buying attention here, stock just stays in this range. Its not likely short can break to the downside, but he definitely keeps stock from breaking to upside.
All these conferences, all these many years have not brought any new buyers into this equity. Its really amazing. Ma likes this strategy, but it has done nothing to enrich shareholders.
Stock action speaks for itself. Many little bio's rallying last few days; not here, even with good news. Lincoln is not viewed well on the street and most(not all) of their deals have NOT added value to equity. That is a fact.
Lincoln takes their pound of flesh.
Still like stock, but its become a longer term story now. Its a shame because with all the grants and Kirk, they didn't need to do this deal. Doesn't speak well for management.
Since deal was inked with them, the offer on shares has been large and moving lower. This is no coincidence.
Lincoln sells its shares almost immediately so they can just keep the fee shares they got. I have been with other little bio's(rgrx) that did deals with Lincoln and this is almost always the case. Its a shame sngx did this type of put shares finance with them. Lincoln could care less about the science here.
So, why did Kirk allow such a deal. He knows that push down selling is not for any fundamental reason and company is getting money as it moves lower. This just allows him another chance to buy size on the cheap when he sees fit. But for smaller shareholders, it just pushes back reward.
Nice news today, and we would be higher if not for this #$%$ finance deal.
What kind of math is that Even if you assume the 1/3 balance of volume was all short covering(I don't think any of it was and given the trading pattern, I don't know why you think the 12k was covering) you still have a balance short for the day. And this happens on many of the hi volume days. So clearly, there has been an ongoing increase in the short balance here. What it is in total is anyones guess, as MM doesn't have to show this as a public record. (MM exception rule)
Don't see the point is denying the obvious, stock being held back by naked shorting. Until vaso can post consistent profitable Q's or news on insurance, mm seems content to short at this upper trading band.
2/3 of volume today shorted. What a scam after the 30 cent pre print. Short offering shares at .28. He has unlimited shares and Ma needs to feed us some real news.
Is this trade an outlier or the beginning of the long awaited breakout; never sure with vaso. One thing is for sure, if they get real attention from the German investor due to this conference, there wont be enough time or shares available for short to cover his/her butt.
Nice blog article about Germany from the 25th.
Premarket very strange and unusual: 6000 shares at 30 cents.
After years of being told by the organizers of Medica Dusseldorf that there was no new booth space available for Vasomedical, last week we were finally able to participate as exhibitors in the largest medical industry fair in the world: Medica.
Donk, you talk as if I have something to gain from BK here. Believe me, I will loss much more than you.
I hope, and still believe, it will work out for all longs.
But, I don't care to blame the whole system for the possible failure of this outlier.
This is just another under the radar BB company. To place more significance on this than that is just a waste of time.
Have a good T day
This is history in the making here.....
Donk, you really are the master of hyperbole. No matter the outcome here, it wont even amount to a pimple on the butt of the biotech world. Count on it.
Bid back to 6 cents. All is well in the rgrx world.
So now what is left of that 200k offer above .29 the other day is now being offered at .28 (for 93k).
Once this "supply" is gone we should go back to top of range.
Short working hard on a quiet holiday week......I wish I could say the same about vaso's management team.
Another classic biotech bear raid in front of a binary event. How many times has this type of fake out stolen shares from the naïve.
I wasn't sure how good the data would be until this attempted dump. But, if shorts are making this effort on a quiet day, you know data is very good.
MM is supposed to keep an "orderly" market and not position trade. That means he should be flat by the end of the day. But, there are exceptions, and in many BB stocks this doesn't happen so MM stays short as long as he wants as much as he wants. He doesn't have to locate shares to borrow............thus naked.
NO way to tell how many have been covered. But, stock would be higher if ANY were being covered.
Short doesn't fear any binary event here, as Ma has failed to deliver on any suggestions made over the years for CMS, or more products to sell....or......................
Once again, when it looks like we might break over .3, the short comes in to put a lid on things. Today, almost all the volume was shorting; 68,000 shares. So, the other day a 200k+ offer flashed over .29 for a few minutes, then offer started coming down. This is the short forcing down price. Today, a rare large print took place at the offer of .27. That was bought from the short who continues to add supply where there should be none. Tomorrow there will be more of this short supply.....and on and on.
MM shorting these shares, whenever volume picks up, is an affront to management. Its speaks volumes to our managements inability to get real stock moving news; CMS, more products from GE or another large company, profitability, private insurance coverage, FDA approved trial, national exposure(Dr Oz), additional large buyback, dividend, .............
MM seems to be content to short endlessly. I cant see his upside unless he is betting on doing this for years waiting for the GEHC deal to end. Or maybe some stupid cash draining acquisition. Who knows? But, management has no sense of urgency when it comes to getting expenses in line so we can be consistently profitable. Ma & co need to get real news and a proper budget to force mm to cover, and soon. Time is not endless in the markets.
You didn't answer the question as to what government agency you were counting on to save you from yourself? Or maybe some soon to be formed Obama ministry of truth might be helpful.
I'd much rather be a Roman/Italian company man than a G man.
Fact is rgrx has always been a "cheap" stock because of all the years of shenanigans with the Italians. Now that its getting down to crunch time, investors like Donk cry foul and expect some outside benevolent "invisible hand" to come to their rescue. Not really what Adam Smith had in mind there Donk.
Laissez faire rules.
And yes, if this investment fails, one just moves on to the next. Free market, unregulated capitalism is a great thing.
Stock price hasn't closed below 6 cents.....conversion price. All day swings are meaningless.
No one cares about the behind the scenes conspiracies here. Not the SEC, or any other agency. And what
government agency would you like to save us from ourselves.? Maybe CMS..lol We take the risks in the BB marketplace, we
pay the price or reap the rewards. As it should be. All eyes are open when we placed trades here. All the whining is just getting old.
This stock is not the poster child of biotech trading; now or in the future. It is an outlier.
Until we long termers finally get F'k, chances of a profitable trade remain. It has happened before with the Italians. And at 6 cents, who cares to sell anyway. Convert note buyers will not profit from BK, and they really expose themselves to needless legal jeopardy if IP gets stolen.
So, enjoy the ride. XMas is around the corner and maybe glaxo or Lee or Sigma Tau or a Cosmetic Co will gift wrap a FDO priced present. Who knows? Certainly on one on this board.