I don't know how "real" it is. For all we know, they could be renting a 2BR apartment above some deli and calling it their headquarters? Who knows? All we know is what they tell us and what they tell us has been all good, maybe too good to be true...we'll see soon enough.
So now we know why we dropped like a stone from .26 to .10, Management printed more shares and sold almost 1mm of them at a huge discount to where we all bought in. Scary report indeed. They have one, maybe two quarters left in my eyes to show us something. If not, we all will be selling this below .05. Good luck all.
Hope, we may have been duped on this one. Over promising and a lot of hype and down 70% since the merger. Doesn't look good.
I hope all is well.
LOL, you have to own shares to sell shares. These morons in management own very little. They could care less whether or not approval even happens. As long as they get a paycheck.
Dude, what are you smoking? Six weeks ago we were over 3.50. Does .20 make a trend??
That tells you all you need to know about the chances of success. Someone posted today "why sell at the 52 week low?" because it will make a new one tomorrow, next week and next month....
I agree, Hope. I'm surprised we didn't see much more volume on this news. The company sure seems bold on all its revenue predictions. Now we wait to see how much of it actually comes true. GLTY as always.
Yes Hope, thanks for sharing the info. I guess the next couple of quarterly reports will tell the story of whether or not this was all hype on the part of management or whether they can actually have a big revenue stream here.
I'm not sure I trust these guys. 51k on the ask at .22?? These guys are selling big time and have been for a few weeks. Pump and Dump after that paid promo interview?? Something is starting to smell with this co. IMO
Hope, it appears the shares in the low 30's are beginning to dry up. I added some more today below .30. This seller has to be done soon I would suspect. Have a good weekend.
Thanks Hope. I see that 13mm shares were used to purchase Veloxum, which are tied up for 1-2 years. Hwang owns a lot of the other shares o/s. One would think the float is small, but you can get as much as you want at .33-.35 it appears. I built up 100k in the last three trading days.
I bought 18k shares of LVS in March 2009 for 2.50. Sold them all at $8. I will never stop kicking myself for selling that early. Would be worth 1.4mm today! UGH!!!
Let me start by saying thanks to Hopeful for mentioning ABHI on another board. I did some DD and I like what I see here. Started an initial position today (1/3 of today's volume was me). Question, Yahoo shows 26mm shares outstanding with a float of less than 10% of that. Who owns the 24mm shares? TIA and I hope we can ride this one up with the other longs. Management made some bold predictions about future growth and revenue. I sure hope they execute on their plans.
Dude, you have to get a life. Not a day goes by that you don't post on this board. You have allowed CYCC to suck up your entire life. I am down also, and wish I never bought. But I refuse to post here 24x7. This is a dead stock...nothing is going on. Take a break for a while and do something else and check back in a few weeks.
My prediction. It will come before the end of the year. The BOD has to be getting tired of this stock underperforming just about every other biotech on the market. CYCC will got to $5++ on the news. Everyone will bail and two years from now, the SPA will fail.