I doubt it. For the first time we don't see words like "exited, trilled eg" in the press release.
And still, they never talk about the size of there sales organisation compared to the actual level of sale. So now they have burned up there money and done absolutely nothing about it. If they make a dilution around 50 mill. the PPS will be below 1 dollar. And what about the 25 mill fee they paid to Psivida?. They borrowed the money and they have to start paying back at the end of this year.
I only se a buy out as a possible solution - but, probably big Pharma will leat them bleed for a little longer as the company will become cheaper for every day. Lessen number one, a small company must not try to go alone a with a niche product in a big marked. The product was fascinating but the business case, lack of strategi and a sleeping management team has been a disaster.
Perhaps Fox news can help us once again ....
- Sales; $5.6 million
- Loss: $ 11.1 million ( so in the first Quarter with the J-code approval and one year after US launch.... they lose 2 dollars for every 1 Dollars of sale...)
- Cash $21. million ( which is less tha 2 quarters with the current cash flow)
- alternative or additional debt financing which it anticipates completing prior to the end of the second quarter of 2016 ( dilution)
Well - another Q with no tangible positive development and even after the long waiting J-code acceptance for the US marked.
Wonder if they are Still expecting break even in Q3 2016? - hard for me to imagine how.
This is going to be ugly today
read elsewhere that Fox news had an interview with the CEO of Alimera and introduced this as Iluvien just had been approved for the US marked. And hell - and automatic computer sales - broke out...
Dropped from $27 to $5 in less than 12 month. Trying to hit the Bottom can be a dangerous game. I believe it is hard to figure out what is going on here and if or when things will move in another direction. Last quarter results was OK.
Another very very disappointing Quarter and with a result even lower than their already lowered expectations for Q4.
They go on spending as previously and there is absolutely no link between their spending and revenues. I wonder if they have ever heard about cost cutting? Perhaps, but they definitely don't act on it.
No tangible effect on J code yet and the sale for the first two month of 2016 is below expectation. They have earlier mentioned that it will take approximately 6 months to implement J codes at customer side - so we are talking second half of 2016 before any positive effects.
No momentum regarding European sales.
Cash left for app 6 months according to the current level of cash burning.
Capital is needed. If they raise 100 mill, which is equal to 9 months of burning, the PPS will probably trade below 1 Dollar.
Any positive news at the Conference call later Today? - no, they would have pointed this out in the press release if they had anything else than the usual spin to come up with at the Cc.
They go on spending and with no selling. And even worse they don't have any plans how to handle this. Just hoping that things will turn out better next time. What a number of clowns.
To options. The first is to Sell the company if there is any buyer out there. And with a realistic price at 3 - 4 dollars Per share. The second option is to go on as usual and shareholders money will be vanished at the end of this summer.
Hmm... also a steal at $ 6 - 5 - 4 - 3 +. They have only a few months to go before It goes really bad if the don't come up with tangible news. They need capital to run the business, they are spending and NOT Selling, shortly they have to start paying of the 25 million dollar Loan regarding the upfront payment to Psivida. Raising enough money with the current PPS will bring it below 1 dollar. This is some of the reasons why we are trading at 2 dollars and still in a severe down trend. And the reason is NOT due to shorts or any other types of nonsense. And the Q4 resultat will NOT be good news either. As you can quess I am tired of this bad run Company and its disaster of a management team who have spend both there investeres faith and money
I believe that the implementation of the J code at customers side will take at least 6 month before we see any even smaller impact on sale. And in 6 month time Alimera will be running out of cash... I wish I never had falling in love with this stock - love sometimes makes you blind. Only hope is a buy out or selling off the European part of the company. The sales issue - with there huge sales force - is nothing less than I disaster in I don't get that they did not see this problem before it was to late.