Any individual who has read these boards know how critical/negative I have been about ALQA.
That said, I did go long about 2 weeks ago 500,000 shares with an average price of about 7.4 cents/share.
I did that exactly for the reasons that had been previously innumerated by me:1) Phil Frost 2) Getting the management out of NYC and getting rid of the NYC managers 3) New Management team, most importantly. These new folks have credibility and a reasonable plan going into place as we can see from the recent announcements. Clearly, they will be calling on Docs with another company's product (which have credibility) BUT this will enable them to detail the ALQA products when they get in the door. All of this with the chance of products that are significant in their own right gave me the optimism to "take a shot" on the long side with ALQA.
I was initially skeptical about the increase in the authorized number of shares as well; however, after thinking about the reality my take is as follows:
1) Just because there is an increase in the AUTHORIZED share count, it does not mean that management will issue those shares without good reason that would be positive for the shareholders. Remember, management owns a large number of shares themselves and it is not in their best interest in diluting the share count without benefit to the company.
2) The cost of doing a proxy statement (legal/mailings etc) is so high for a tiny company like ALQA that it is just good management to do an enhanced authorization in advance of need is sensible economics in mind estimation. I think that management is looking forward in time and ultimately saving the company money.
Seems to be one of many recent reasonable decisions by the new management team in my opinion.
Just when I started to think that ALQA has changed it's ways, I see this morning's news. Absolutely silly, in my opinion, since a transdermal lidocaine is already on the market and to state that some "breakthrough" is made on pig skin is also absolutely meaningless in my estimation. Xylocaine is the generic name for the branded Lidocaine and that too has already been available forever. I am getting the impression that this new management is merely a better "scientifically worded" savvy group than the last "business" guys but are still saying absolutely nothing!
If by "HepaMate" you are referring to the extra-corporeal liver device that ALQA occasionally mentioned, my thoughts are that they have as much chance of ever seeing a nickel from that idea as "the man in the moon". It is absurd to contemplate that ALQA which barely has a pulse would some how beable to develop a hepatic device that that is crazy. It makes only for something to post on the website with both the attractive ladies in the pictures along with drawings of a hepatic device.
You ask why I am here on this board: 1) I hold 500,000 shares long ALQA
2) That reality does not prevent me from assessing both the buy and sell thesis frequently. If you only want to read posts that are "pumper type cheers" I would suggest that you never read any of my thoughts!
As much as I would like to believe that a hepatic device might be monetized by ALQA I believe that it is "pie in the sky" thinking to believe that could/would be forthcoming. I do believe that I had read in one of their SEC filings in the recent past that they ceased any kind of development/thinking about such a product.
Don't you folks get the ALQA new releases? There is a BIG time reverse split and Frost has sold over half of his shares.
How can you post such an ignorant post? It was released by ALQA investor relations within the last hour!
WOW...it is true...a fool and his money are soon parted!
Frost filed a 13G/A regarding his diminished holding at 3:05pm.
ALQA announced the reverse split a few minutes later!
Correct. The filing was as of 10/30 BUT it was only made public and reported at 3:23 PM EST today, November 18. The equity dropped 11%+ after the announcement of the Frost disposal of shares and the company setting up for a reverse split.
Bil-I admire your enthusiasm for ALQA. Phil Frost could have written a check for the entire company from his checking account if he had thought that it was worthwhile. The fact that he is/has liquidated his position speaks to why I also got rid of my 500,000 shares-made a few dollars and left. There is, at this point in time, nothing going on with this company. Absolutely nothing. New management strikes me as an educated group of folks who speak "the lingo" but there is nothing going on so far. Of course, it is early and you may well be correct that it turns out to be a good investment.
I do think that it is delusional to suggest that any biotech growth funds would have any interest in this company. Best regards.
bil-congratulations to all those who had held on to their long positions. I know that you had an incredible day today. Well, I certainly left alot of money on the table today....I figure somewhat in the neighborhood of 35K today alone! I don't fully understand the logic of the events that have been overwhelming in this equity in the last couple of days, but that is what makes "horse racing". Good luck to all!
Hi Selftaught-I read your note and felt seriously badly for your plight of having suffered the pains of losing your home "and everything" the obvious trauma of the recession. I am very happy that you sound like you are "on the mend" and are feeling positive about ALQA(D). I do hope that it continues for you. The thrust of my observation, and it is probably not my business but your note made a sincere impression upon me, is that I believe if you suffered so badly from the last recession that if you want to own equities that you might concentrate on less speculative plays. Recognize that today's price of ALQA(D) only really represents a price of about 12.5 cents per share prior to the reverse split. Of course, I do not know your current financial situation--perhaps you have inherited a large sum of money or won the lottery....my advise, and I mean this from the bottom of my being, is that you might consider building a "blue chip portfolio" before speculating in a pink sheet security. This is said by me with complete sincerity....I have done very well financially and can withstand downturns without much to worry about...I merely wish you success and peace of mind in your endeavor. Please do not take my comments as anything but interest in your well being believe or not. Best regards.