$14 million market value for a first to market, patented, FDA approved medical device for early detection of skin cancer. [ shouldn't the patent alone be worth $50-100 million ? ]
Kudos to management for a great job.
How to become a $ millionaire $, invest a $ billion $ with MELA management .
I understand your point and opinion but what was the pre split adjusted price of AIG and CITI a couple years back? Enjoy your excursion I trust the weather out on the west coast is better than the east.
It came to me last night that by the close of business today that MELA could be had for less than $7 million, based on a market cap of less than $14 million. Something/someone will buy control of company, scale a $19.99 version for home use, devise will warn individual to seek professional care if melanoma detected, total disclaimer against liability yet proven devise with FDA backing for professionals. Sales of 1 million in 1 year = $13 million less expense. A quick double and one still controls patents, funded insurance approvals, raised stock price, generated revenue, created public awareness , etc . etc, et ,........
Just one of thousands of ways management has blown ways of revenue generation over the years. I know, I know, I know but if you have followed this company and do not have a sense of humor you would have sued management or slit your wrists by now........
I think the reason that it was put on the web site and not released thru normal PR channels is the following, It begs the question " where will MELA get the funds to cover the next 8 quarters, 2 years till revenues even start to become possible" ? Dilution, buyout, merger ,takeout , BK, ETC ????
Thx for the heads up, I check the site as well as SEC filings , ETC from time to time, to see if management can pull this off. It's the equivalent of watching a slowly evolving car wreck on a freeway. One keeps hoping everyone walks away, while the carnage keeps accumulating.............................
I admit that I find the message board for MELA to be most entertaining at times and visit on slow or empty parts of the day. As I said watching/following MELA is a case study in managements ineptitude.
I notice that for the last couple of weeks that MELA stock ps price seems to jump 2-6% in early trading and then proceeds to sell off and settle flat to down . Shorts trading around their position ?
Todays question " Do we hear anything from management prior to end of quarter CC ?
Seems a tad odd that their SVP would leave today, unexpectantly . If things are so good why leave ? Another spec. with a longer runway, lets see what happens in the coming weeks.............................
this stock ,please keep it up. The price swings are huge % swings and trading around my position has been very profitable. The blocks have not been large as per NASDAQ, it appears it is being walked up and down with 100 block shares with the occasional 1k - 9k block. The bigger blocks do not seem to move the price as one would expect. It seems that the weak hands get flushed almost daily. Will be curious to see if the short position has grown over the last few weeks, as it has over the last quarter, or if someone has been accumulating/consolidating a position.
NASDAQ says 52247 at 1600 plus some 10k blocks . For MELA the closing trade action ,on a Friday , looks like someone/something wants clear come Monday morning. Dollar wise its small change. To me the manipulators are current management.
The problem I see is that by waiting to get the financial house in order any good that will be created will get wiped out by the dilution of stock to follow. They should have gotten all bad events behind them by now or the end of this quarter at the latest........
My point. All we get are words, when we get anything at all. Where is the financial/business plan? This group doesn't seem to understand that you need to be in front of things not always playing from behind.
For 2 CC's the CEO has made that statement yet we very rarely, if ever, hear from her or her team. The CFO clearly stated the need to raise funds before the 4th quarter yet as we near the end of quarter 2 ,no news. For a company with so much at stake management sure treats shareholders badly, what signal is it sending to possible new investors, needed lenders, etc. With the company facing delisting , dilution, and a myriad of other issues where is management? Where is a business plan ? Where is a financial plan ? Where is a timeline ? etcetera.
Meg over at HPQ turned that giant around in less time than this group takes to devise a real workable strategy. What a waste of a good and needed technology.
470k were short at the end of april when price was $14+. 20+% gain for shorts in a month and a half at current price. The present action for the last 2 months almost feels like the traders have been trading around that position while waiting for news. Looks to have been a profitable hedge at present time. If sales/revenue is good going forward there is time to cover between now and $14.
data that short payers have found CGIX. Since 1-1 thru 6-13 the short position has increased from 156k to 551k . With a daily average of 100k traded that's a pretty nice run up. It might be time to start taking some profits soon..........
TRXC as it gets closer to approval ? If they were to make an offer, do you think it would be prior to or after approval ?
CGIX has been releasing that they need additional Lab space. Is this the precursor to news from the sales dept. of good acceptance and the beginning of some revenue generation? Its been my experience that one doesn't expand factory without the sales to support it...................................
Perhaps the sales team is writing business that warrants the Labs ???????? One good, solid report puts this puppy into the $20"s . IMO
Just the opposite. I have averaged down to under $1 and believe in the technology. I can't believe how management has misplayed it for all these years and as my previous posts states I believe with the right group at the helm the present company is worth close to $100 million [speculatively speaking ] at its present state. If the markets were convinced that insurance reimbursement was within 12 months, and management had a clue the market cap. of MELA would balloon to $50-$70 million almost overnight , IMO
This is just one of many small/micro stocks I play in and at present the worst by far.................Thank heavens one doesn't need to win them all..........................
PS I do not believe I'm pessimistic but am seeing things rather clearly.......................
With the financial clock running out of time do they
1] Bankrupt the company
2] Take the Company private
3] Dilute the Company to oblivion
4] Sell/merge Company
Opinions and comments welcome