I think everyone should ignore what this portfolio manager person has to say. I think its bland self promotion with no real analysis on his part, just blind hope.
Here is Joes last call when it as 75c
Volume nearly dry, but the bears said shares were hitting the market. Ooops .....
Perfect set-up for a strong move higher and warrant holders will ALL wait for the eventual buyout to cash in, just as they said they would. You just know this is killing "soon" and "booce0" (aka Sputnik on IHUB). They've used all the deception in the world to try and get people to sell their shares, but their efforts are useless as usual. BASF is killing it in their marketing of ElectriPlast !!
ITKG are now in a corner and also at a cross roads.
There seems to be little left in options however optimistic you may appear to view promises versus actual deliverables. The volume suggests little or no interest and there is just no real news. Part time brokers and analysts guessing what may happen is not working any more.
Looking back on the news releases since last year concerns me as they really have overplayed expectation and totally underwelmed on delivery. By the way I am long (so dont exercise your hate here), and have been for two years when I saw the change in management to Doug... I am watching my margin of profit dimish by the week and frankly it looks like a sell despite some questionable ideas of others on this board. Breakouts on stocks like this occer for one reason only. Achievement or delivering a genuine success rather than "we would like to do this" or "we would like to do that". Technical breakouts, forget it.
Electriplast ? does it really have valuable IP or have we been led down the garden path. I am unsure but why doesnt any partner ever order if its so valuable. Nothing in two years.
I know its all been said before and with much reprisal and hatred... Honestly I am having serious doubts about ITKG claims to be working on a global commercial contract that wlll ACTUALLY materialise.
Its hype to keep up the shares ?. Investors now starting to see this.IMHO
are u talking about ITKG ?..its gone down almost daily...on no volume...not aligned here w you.
now really who is the numb nuts?
These are positions held by their private clients in custody accounts of that Bank or in the top three cases hedge fund positions, none of which are remotely significant. So to help you on this and grasp the issue, all of Morgan Stanleys clients ( 4 million of them ) hold a total of 211k of shares of MOLG. In terms of Mutual funds there is one holder only and its 25000 shares ONLY.
Goldmans nor any other funds mess with companies like MOLG if you didnt already know..back to school for you.
clearly one of the big boys. Records show 300 shares done at 1.69...what a hoot...at least you can only loose 540 bucks...you have no idea if you really think GS or JPM would waste time on this co...
Although most of what you write is guff, I happen to agree on pps. This company could go to a buck or less
As I have said several times, they are not buying back shares. Why buy a asset at more than 15 times book value. Co would self destruct quicker than it is already..No one can expand on key management changes as company doesnt disclose them. The stuf that goes on in MOLG is comical.
Directors lining pockets with cheap shares options. Classic stuff and well done Mr Tan...in most places that constitutes jail time. malayis its a brown paper bag. These guys should work with FIFA ...similar model
Whacko Billy should be on everyones ignore list.
His obsession with urinals, drink issues and low skilled jobs for all who disagree point at one larger and more significant issue. The balls in Whacko's court. he wont admit it.
turnover is tiny ...10k so far today and 37k yesterday and 24k wednesday...This thing will shrivel up unless we get information. Real information too...so much apathy.
I trusted what Doug said back 12 months ago and even more recent than that. Infact right up to the Nov call 2014...its just the tone of that meeting was so good when he said " this is the most promising Q in the co history" and I loaded up and doubled up then. ITKG results were mega disappointing in Feb call ( ie dec quarter ) but we got the globallisation mantra thrown out and everyone got distracted including me.
Then I waited for May and another set of rubbishy results were dealt our and really since then its done nothing. If anyone thinks Doug is delivering I totally disagree from here on out..
Although the die hards will never admit this, I have seen alot of bullish investors become quite disappointed but still dish out the rah rah. Its no big surprise but I am seriously doubting that Doug CAN GENUINELY deliver.
There is nothing to contradict this comment. The bulls wait on thin air..its getting thinner every damn day.
ha ha ha ...ITKG firewarks seems a little rich based on the past few weeks...when are they going to do something these guys are taking forever which is making me nervous. Turnover totally dried up. On a knife edge..
Re the buy back,, .....why would you pay USD1.8 for a share with asset backing of less than 10 c ? thats the best way to destroy cash and be left with a few less shares...anyway they are losing money. There are no EPS so buy backs make matters worse..This thing aint finished...more pain to come for sure. Also legal battles have forced out key management and there is absolutely nothing being told to shareholders.thats the worst part.
most people on this board Damico are sellers at .78-.81 based on a share price of .66.
I can do that all day but it wont go to .78 unless Doug pulls out a rabbit.
I am a seller at USD 3 also
Just for education purposes... there are no warrants being purchased. Its impossible. They have already been granted to various parties including management way back. The matter is whether they are
1. being exercised ( ie pay up 30c and you have one share ) and
2. secondly whether the holders may then decide to sell those shares in the market.
Just need to point this out as there is no warrant purchasable. Its merely a right to exercise into a share.