It is stupid to think that he doesn't want SPPI shares to appreciate in value, just like some of you do. Yes, they need to cut down expenses but that doesn't mean it's all doom and gloom with this company. Relax and watch for a double from here soon.
the stock didn't tank like the "fumb ducking" shorts thought that t would. LOL!
Sentiment: Strong Buy
120 million in cash and 220 million in debt.
And the line of credit it opened with Sanofi is not free money. It has to be paid off too.
Most importantly, the 100 million convertible debt date is fast approaching.
Shorts will pile on because the large float makes it easy for them to sell first and ask questions later.
I will not short at these "low" levels but I am not seeing a strong case to buy either.
you got to be kidding! i saw him on CNBC in the morning and he can't put together two sentences fluently. Plus, when they asked him about competition, he hung up.
df, good to see you. no way 'ose. No way I am selling this. This particular stock is all or nothing for me. Either I go down with it or go up with it. Resigned to the fact that this company doesn't have cash but has fantastic intellectual property.
They survived on grant money and on money raised by selling stock.
Their field evaluations till recently were in biofuels which was never a lucrative field to begin with. They blew most of their money here. In the last couple of months/quaters, they started projecting themselves as a biotech company but it's very likely they are a day late and a dollar short with this shift in strategy.
They went down because they are not making any money. They are trading at or below book value because cash is burning and burning fast.
I am long their stock. I am just keeping it real.