I did not buy Feb calls, but instead did buy May 1.5 calls. Reason: I have often been burned on anticipating key company events (using options). While I was correct on the events happening (the single most important item for an option to increase in price), I was often too late on the actual happening, thus causing the option to decrease down to zero if I held for the entire time.
My general rule of thumb in these kind of situations: If I expect an event to happen in X months time, for buying call options to profit from that event occurring, I buy options 3*X months out. In this case, 2 months became 6 months (with May being the closest option).
I meant to say that I was too early (not too late) with my option play, expecting something to happen sooner than it actually did. (I hate time travel!)
You must not know anything about options. It's obvious you are looking at the open interest on this strike levels, not actual recent trading volume. The open interest reflects trades opened many months ago, before the A7 results were revealed. So a lot of people had bought the higher strike calls, anticipating a good payoff when the pps soared after excellent A7 news. Instead the options went to virtual 0. So they can't be sold for even a penny, so investors hang on to them in case of a Hail Mary happening. Many of these options were sold (as covered calls), so there is no need to close them out.
There is nothing weird going on with VICL options. Got it?
This guy sounds just like nomo. I don't suppose it's another reincarnation of him? Their persistence is notable. Their efforts at spinning tall tales of FUD --- not so much.
Well, folks it's obvious that it took dickgasinu 14 years to obtain that BS from U of M he proudly swore he has. That pretty much sums up the intelligence level on the short side.
Wasting mommy and daddy's money at college for 14 years to get some sort of BS (in what field, pray tell?), and then being proud about it! That is just too funny. So which "M" was it that allowed dickgasinu to hang around for 14 years? Sounds like a character straight from Doonesbury.
Finally! Something solid to hang our hats on. Well done, detectives!
Seeing AF trying to defend his actions in the press will provide some good entertainment. We just need to track down a few more individuals who are/were involved.
The trades are real. To be precise, the Feb 1.5's were bought for 5 cents, the May 2.0's were bought for 5 cents, and the August 2.5's were sold for 5 cents. The quantity was roughly this way:
Feb calls + May calls = Aug calls
such that the entire trades went off at roughly a net $0.00 (outgo = income). I leave it to the astute reader who is versed in options to decipher the advantage to this type of trade.
Thanks so much for giving us your notes from the meeting. I have attended many small company shareholder meetings in the past, and your reporting sounds very similar to what I experienced. Let me ask you if any of these topics might have been touched on at some point, and if so --- what was said?
1) Future CC's
2) Abloc expansion into other outlets (e.g., Walmart, Walgreens)
3) Satisfaction with GNC
4) Indication when thyoiditis study might be published
5) Expectations/goals for 2014
6) Other than financing, major risks facing company at the moment
7) Acceptance of Abloc in the medical community at this time
8) Trend of Abloc sales: is management concerned, ambivalent, happy?
9) Pricing changes for Abloc
10) Naked shorting of STSI stock
If any of these topics rings a bell from your notes (or other attendees' notes/memories), please indicate what was said. VERY MUCH APPRECIATED.
Happy New Year!
"The supplement version is on its way to being pulled by GNC after today's news."
Given that GNC has not yet pulled Abloc, what evidence do you have that it will be?
Stepped off a plane after 9 hours incommunicado, only to see in my emails the announcement of the FDA letter to STSI. After reading many of the posts commenting on this development, herewith are some of the more believable conspiracy theories:
1) JW, using his influence in various political and gov't circles, somehow managed to keep the FDA out of "his business" until his departure from STSI, thereby throwing this hot potato to his successor.
2) Short hedge funds use their considerable influence in various circles to nudge the FDA to send this letter, perhaps even organizing a write-in campaign to complain about STSI's product in one way or another. Having been asleep at the switch on Abloc, the FDA doesn't want to be caught flat-footed if something should go awry with folks using Abloc.
3) Other shorts use their influence at the FDA to issue this letter at a very odd time of the year, thus inhibiting the company from developing a comprehensive response as many of their key players are on vacation. (I have seen many cases where shorts would publish a hit piece on a company right before a company-wide holiday, thus allowing the stock to take a big hit before the company could respond.
4) STSI officials refused to play along on the timing of the letter, keeping it under wraps for an entire week. This tactic will enable them to respond to it on "their own timeline", meanwhile angering shareholders who were not informed earlier. (Bad move on company's part, IMO).
Whatever the true course of events, shareholders should get a clear view of how the company is reacting to the letter by no later than the date of the investors' meeting in the 1st quarter. That will be a good time to ask a lot of questions that have piled up over the last 2.5 years.
There is one conspiracy theory that I wish to stomp on and that would be our friend nomo's assertion that Abloc is being pulled from the shelves of GNC. Two stores I contacted locally had heard nothing of the sort.
In other words, you have zero evidence that Abloc itself will be pulled. Just another conspiracy theory based on the supposed likeness of Abloc to a workout supplement. Wow, another outstanding illogical conclusion on your part. Thanks for showing us once again how you roll.
Well well well. In his previous posts Nomo states unequivocally that Abloc will be pulled from GNC shelves. As in "will be." And for evidence he offers up the headline "Washington Post predicts Anatabloc will be pulled". Two things wrong with nomo's headline and his theory:
1) The article reference's a dude at Harvard who the WP goes to for stories like this one. And he predicted that the product will be pulled. PREDICTED. Nowhere is there any level of 100% certainty that nomo professed in his posts.
2) Further, it's not the WP doing the predicting, it's the Harvard dude. Big difference.
Once again, nomo is caught LYING on an important topic. Always trying to spin things in the most negative light possible.
Well, nomo, just to show you I'm a good sport, I will bet you $100 that the product DOESN'T get pulled. Are you willing to stand by your statement that it WILL get pulled?
Which are you: Liar, Backtracker, Spinner, and/or Coward?
For everyone else: this is very typical of how nomo rolls --- never ever trust this guy for a second.
As I expected nomo, is a certified liar and now a coward as well --- for not standing by his own 100% assertion that Abloc will be yanked from the shelves. What's wrong nomo?? Did you suddenly realize that your proclamation is full of holes?
And I noticed he avoided taking me up on the bet --- which only shows that he's a coward, that is, someone who RUNS and HIDES when the heat is on. My bet still stands, as I'm sure as ever that the FDA will not yank Abloc. Why am I sure? Because of the nature of these voluminous letters that the FDA sends out per year, resulting in very few actual removals of product. The letter is a call for action, not a notice of removal. Second reason: the company CC on the 15th, where I'm sure they will tell investors everything they need to know, including what the company is doing to respond to the FDA letter.
But nomo likes to shoot from the hip (mouth) too soon Now he will try to backtrack what he said, but it's quite simple, so I shall repeat it for all: "Abloc will be pulled from the shelves." There's no room there for uncertainty. Nomo says it will be done. I say it won't. I'm willing to put a few bucks on the line. Nomo, the coward, runs away.
That speaks volumes, nomo.
[As to where I've been, well ... to every major bowl game since 31 December, with 2 to go. Thus the odd hour responses.]
But nomo ALREADY knows what the FDA decision is. He has told us himself. Abloc WILL be pulled. His words. You can take it to the bank.
"Chippy likes to talk about $100 bets a lot. He still owes me $100 from last spring. We can make another bet when you pay up on that one."
LIAR. My god, man, when WILL you stop with your lies? So, let's show the world where I owe you $100 (by the way, changing the subject like this will NOT get you off from having lied this time.)
PROVE THAT I OWE YOU $100 from ANY TIME in the past!
You tell one lie to try and distract and cover up another lie. This is par for the course for you, isn't it, nomo?
You won't take my bet because you know you are WRONG. So, let's up the bet to $200. I say I'm right. Are you still right? Do you still believe your own LIE?
I love to watch a LIAR try to wriggle out of his lies --- the only way he knows is by telling others. I don't owe you any money, period. And you are a COWARD for not taking my bet as a way to stand by your own words. I ask you again: why won't you take my bet, all $200 of it? I'll bet any amount you want. Go all in with me if you wish. But you won't because you are a coward.
"Has a company ever succeeded after a name change, let alone two? I can think of none, let alone a renaming of the drug."
Wow, another case of pure ignorance on display. So no company has ever succeeded after changing its name? Well, try these on for size and see if the new entity ever became successful:
"Jerry's Guide to the World Wide Web" === Yahoo
"Tokyo Tsushin Kogyo K.K." === Sony
"Brad's Drink" === Pepsi Cola
"Datsun" === Nissan
"Kentucky Fried Chicken" === KFC
"Computing Tabulating Recording Corporation" === IBM
"Phillip Morris" === Altria
(and my favorite)
"Backrub" === Google
Oooh, wait. I'll bet you come back at me by saying "I meant to say no biotech companies have changed their name and become successful. Is that what you REALLY meant to say? Well, why didn't you say so? Try these, then:
"Activated Cell Therapy" === Dendreon
"Microbia" === Ironwood Pharmaceuticals
"GenPath Pharmaceuticals" === "Aveo Pharmaceuticals" === Aveo Oncology
"Applied Molcular Genetics" === Amgen
There are many others but I've made my point: you are clueless.
"Do I appear worried." No, you appear illiterate. And you might want to answer chet22207's question. It's a valid one.
"saying I told you so..."
And, by the way, you know how much an "I told you so" is loved by everyone. Consider yourself extremely loved.
Since nomo continues to run and hide from his utterance of lies about the FDA letter, I encourage his associates to step in and defend his lies, since he obviously will not. Or (most likely) cannot.
The only lie I am bothered by (the others are just his usual drivel) is the one
where nomo states that the FDA will pull Abloc from the shelves of GNC, no ifs
ands or buts. Stated with 100% certainty.
This lie bothers me because, if it were true, it would likely end this company's
existence (or at least end my involvement with the company). It is a pernicious
lie, one made with no evidence to back it up. One made up out of thin air in order
to promulgate the short attacks that are his bread and butter.
It is this kind of lie that the public sees on message boards, intentional lies meant
to deceive and scare off current and potential investors.
It is a typical lie for nomo, who clutches at the thinnest of straws and spins it into
an ironclad certainty without so much as a step-by-step logical argument that underpins
the substance and thrust of it.
"Listen here, I am nomo --- and I claim this to be true: Abloc will disappear from GNC. Believe me,
because I AM ALWAYS RIGHT."
Since nomo won't accept my wager on the truthfulness of his statement, I leave it to his associates
to come to his defense. If there is one. (And FYI -- attacking the messenger is not a defense of the
Well, who should come to the aid of nomo but 2 posters who are obvious aliases of nomo himself. This one (plauto1957) has a combined 7 posts in its entire history. The other one (mortyguhjnb78) has 5. Typical. Where are the in-your-face shorts such as joe, morguenna, and drum? Afraid to step in and state that the product WILL be pulled from the shelves?
I thought so. Sorry nomo --- you're on your own on this one.
Where in this letter does it state what YOU stated? Namely, that the product will be removed from the GNC shelves?
Gee, I can't find it in that letter. I can't find the certainty that you claim exists.
No shorts have come to your aid. And my bet is still on: $100 even. (BTW I also noticed you didn't prove that I owed you $100 from "last spring". Yet another lie exposed.)
And, FWIW, GNC is still selling Abloc as I type. You would think they wouldn't do that if a recall was in effect.
It's obvious to everyone, nomo, that you read the letter and JUMPED to a 100% conclusion and expressed that conclusion as FACT on this board. You were wrong for doing that. It's a typical short maneuver --- putting things in the worst possible light. Even when it comes to telling lies.
Still willing to stand by your claim? Let's make that $100 bet since I'm just as certain that you're wrong.