Why would you want to deter shorts? If you believe in this gang you want a huge short position to propel the price upwards when symx breaks out.
Of course what a meaningful short position says about a 60 cent stock is that it's as good as dead. The shorts are willing to double their $ on a move to 30 cents with no apparent risk, just a little patience. Not a bad deal.
SYMX has gone to the PR well a few too many times so no matter what they announce it'll be taken with a grain of salt. If they actually produce some revenue and profits that'll be a different story.
If that were true management would be shouting from the rooftops. These guys issue a PR every time they get the sandwich order correct.
Delisting does matter as these clowns like most of the others will do a reverse split to avoid the delisting. And once they do a 10 or 20 reverse the shorts will step in and take it in half again within days. The only reason it's holding the 70 cent range is there's not enough air under it to interest serious shorts. Take it via reverse to $7 or $14 and watch the fallout.
But the morons who run these deals will listen to their "advisors" who will profit from the reverse and do it "to enhance shareholder value".. Expect the announcement very shortly.
It's just another redistribute the wealth program. Low income people with kids and certain other conditions are being subsidized by the wealthier who don't need extended benefits for adult kids, birth control ect. Everyone gets the same coverage weather they want it or not and the premium is based on ability to pay.
They've been burning at call it $10 mil a year and presumably that'll increase. By shortly I mean next year. These guys like to go out at least a year before they're desperate and while the iron is hot. My bet is they'll do it in the spring if not sooner. They'll need it sooner or later so take while the getting is good. Only question is the price
It's fun if you're on the right side. It is true they'll be needing cash in a short while and it'll probably come via private placement in the $2's. This $4 run was just plain silly
Look a little further down their balance sheet and you'll see 90% of that $1.63 is owed to vendors. Suppose if they don't pay anyone they'll be okay for a while, but can they work in the dark
Wow, does this suggest they got someone to take their money? Hitting on all cylinders once again. Remember the last marketing deal? I think they got rid of a million or so to that guy.
They're now paying a 5 person firm $25K a month to communicate with current and future stockholders.Have you looked at their website? Based on that I doubt they can communicate with themselves. I've seen kids with lawn cutting services with more expansive, comprehensive, and professional sites.
Gotta be someone's unemployed son-in-law
Those who shorted in the upper $30's are up $17. Doubt they're too concerned
And the near absolute absence of support of any price is pretty telling evidence that you'll see the single digits before thanksgiving. This turkey is cooked.
They should consider keeping these mou announcements to themselves. It has to be embarrassing for them by now. Suppose though it gives someone a chance to sell a little stock a couple of cents higher on the release.
Didn't say you were dumb, just blinded. Having lost 75% of your investment in 5 years while the market was rising does that sometimes.
Those funds that are holding have hundreds of thousands and millions of shares. There's no market for that level of sale. They're stuck too.
And without doubt, these guys are burning at least $10 mil a year, probably $15. At last reporting their net cash, net of payables, was $ 8 mil. They don't have time for mou's to become contracts and we've already seen what contracts with the Chinese are worth to them.
How much are nonproducing plants in China worth? Try and sell one.
I'll wait to profit from the reverse. Maybe they won't do it, but if not there's nothing lost.
You're evidentially hopeless. 10 years in business, have burned $150+ mil of capital, still virtually no revenue and they'll be insolvent within 6 months. And you still don't believe they'll be doing a reverse and secondary at some rock bottom price? Pass the Kool-Aid.
You've fallen in love with the wrong stock and obviously have chosen to disregard the facts.
Try to stand back and ask "if I were looking at this for the first time ever today, would I buy it?" I didn't think so. And all the name calling and insulting in the world isn't going to change the facts or the answer to that question..
It seems the market has caught onto their mou game. If these guys were selling mou's that never materialize the stock would be at $20. Face it, whenever the stock is about to totally crash an mou gets written. They're a dime a dozen, and the company is a bad joke.
Sitting on the sidelines awaiting the reverse split ( "to enhance shareholder value") at which point you short all you can get your hands on. At the moment it looks like they'll be do at least 10 for 1, maybe 20. Pray for 20 so you can short at $10 or $12 and ride it back to $1.
There's lots of $ to be made here, but not by buying into the silly mou"s.
It's those trying to get out of it. There are no buyers. The company bungling everything they touch though is the underlying reason for its price.
mathematically, it can continue almost forever. Just 10% down on a smaller base every day.
Today though is looking more like 20+%, but the same rules apply.
Once the boys get back from lunch the selling will go into high gear.
You don't trade 3 mil shares a day in 100 shr lots. What you're seeing is big lot fund sales being dumped off on small retail buyers so there are a lot of small trades, but they're triggered by big ones.
It's now time for the suckers to take their losses so the only buyers left are the shorts covering. Bet you'll see 5 million shares today and a $5 to $10 loss.
Simple, funds are bailing out with the help of a Cramer pump and the stupid retail buyers who keep averaging down. Classic example of the gang in the know dumping off on those who don't.