the company is burning $1M/month so the cash is negligible. The 2 announcement were nothing but fluff:
- Spinel may save up to double digits per car. Whoopee
- a partnership with no money exchanged. Even bigger whooopeee
You really need to learn how to read through these PR's
doesn't look like one will either. Sold all over the past few days at an avg of 50c. See no reason to take a risk here before next weeks vote.
This is one of the few stocks I had in an after tax account so I can use the loss against gains in other stocks. One benefit of a loss. Been selling IDSY over the past few weeks. Taking almost an equal gain there from the loss here.
if it was at $2 prior to all this, and now has 15% more shares, simple math says it should settle at $1.70, all things being equal. Only news of revenue or licensing would change that.
they most likely shorted above $3 knowing the day prior that a secondary was occurring the next day at $2.05. They ran it up trading back and forth to themselves, waited for the suckers, shorted. Easy 50% gain. Plus they have the .2 warrant coverage to boot
real news would be the announcement of licensing a patent. Any patent. It costs them nothing, and the money just rolls in over time. Partnerships are useless. They have hundreds of patents. License them!!
isn't GREED one of the 7 deadly sins? This isn't the kind of stock you put a lot of money in unless you get a guaranteed return like the secondary guys who offset their shares with a short.
So what's the next catalyst here? Spinel announced. Partner announced. This can only drift lower now until the end of year when they try to raise more funds. Quarter results will suk. They always suk.
why? The CEO/CFO have almost no shares. What do they care? Getting their paycheck every other week is more important. So screw shareholders.
I never said Cohen. I said whoever is the buyer of the secondary. We don't know who that is yet. An SEC doc will be filed soon and let us know. Last time it was some Cayman Islands Hedge Fund.
Poor spanspur, tries to act smart, has no idea how this stuff works
should be illegal. There should be a quiet period before the sale of stock to the public
also, this is the final US Toyota plant to be fitted with IDSY. The other 6 already had it. I don't see how getting the money over 5 years helps out the company and current. They paid upfront for the other sites. this only helps future shareholders who may or may not already have a stake.
last years minimum entry was $30M. Market is up slightly since then. Depending if Russell counts Warrants or not CDTI could be kicked out. Check the Russell site on June 12 to see list of adds and deletions. without the addition of these 2.5M shares, they would have been certainly kicked out. Now it is 50/50
they have $10M in debt and need another $20M to get stuff to completion. You need to factor that in. $2.05 seems like a fair valuation.
sad thing is, this new money will only last 4-6 months. 17M shares now according to the SEC docs. I remember when this had 6M shares just a few years ago.
they have a long history of doing this. Just a few years ago they sold 1/3 of the company for $1.25. 2 reverse splits, endless dilution, never a profit, meaningless partnerships, patents but never a patent licensing deal, on and on.
This should not be a public company.