Isn't it great how this new team after nearly 6 months is managing things? They are very informative and shareholder friendly. Wonder where they will be vacationing, I mean presenting their story of the big turn around next ? perhaps Fiji ? The details of their work is almost to much to believe..........6 months two CC's and that's it.
to take this company private and destroy the current shareholders. Since this new group has taken over they have done nothing to help shareholders while helping large private funding companies to enrich themselves at shareholders expense. After they have destroyed what little is left we can expect a big announcement that SABBY or someone will step in and take it private for pennies................................and the current management team will stay on thru insurance approval and coding and we should see an initial stock offering in 18 months to 3 years with company valued at $100 million plus, IMO
52% of shares held by insiders, 13% of shares held by institutions, 23% sold short. Throw in a billionaire buying stock daily and products/devices due for acceptance/rejection over the next year or two and this is setting up for one wild implosion/explosion. GLTA
MELA carries losses of over $100 million aprox. A company could pay a 100% premium, at present price, $40 million and with the tax losses get Mela patents, technology, FDA approvals, pending insurance reimbursement, etc. etc. for nothing. This kind of tells you how bad management is. IMO this goes private or is taken out pretty soon now, damn, you could almost buy control of this company with the return deposit on a months worth of bottles and cans.........
of a FDA approved Medical Device that has the potential to change the way Melanoma is detected and treated. Forget the BS being thrown about by those trying to protected antiquated technologies and procedures. This device and devices like this are the future of medicine. Managements blunders are the only thing holding things up. Insurance companies will always accept devices that are advancing detection and treatment. Doctors, institutions, hospitals, etc. will accept once their revenue streams are protected, with old cut and scar detection and procedures being replaced with new doctors embracing the new technology. Patients will prefer a scan to a knife any day.
Just as new surgical devices, Da Vinci, etc. being less invasive, replaced cut and scar with far longer recovery and rehab times , this device and ones like it are the future of Dermatology.
Management is the question not the technology IMO. One can have this whole company patents, approvals, and head start for under $20 million. Insurance company acceptance cost under $1-2 million. In the real world that is worth $100 million plus. All this company needs is a leader...............................All present shareholders need is a minor miracle.
IMO The present reaction is the result of the $100 million of new shares that are on the shelf, just issued. With a current market cap of $95 million that ,in effect, just doubled the outstanding issue, at the present price. Surprised the price has held and Pappajohn bought @ $10.30 a share the same day. Something is happening IMO.
stepped down or asked to leave a year ago? you support my position. management has had time and the communication is worse than before. All you hear during CC is we will keep you informed and then they disappear till the next CC. I can go on as you know, once again I hope I'm wrong but nothing has happened in a year.
If you were management and this turn around was/is so near wouldn't you be buying $10k share blocks at every opportunity. Damn they could have bought the company in less than 6 months....................................
First I don't think that people shorting this stock are the reason its tanking. Instead its the lack of investors that have belief in management, hence lack of buyers, including insiders. If management wasn't setting the company up to be taken out why are they not buying the stock? Not the token amount when they were hired but really buying like Frost over at OPKO as an example.??? They are not supporting it for a reason. McClendon at CHK almost BK himself with margin because of his belief, rite or wrong, in his company. Why do you keep supporting what is clearly working against present stockholders?
Regarding the RS, lack of action/news/comments from management supports position of management ineptitude, it means nothing to the value of company, it just avoids delisting. Additionally IMO doing a RS with nothing to support the price would possibly accelerate the price decline %wise. Forget half full, half empty until management proves otherwise the cup is empty.
I have a dog in this fight and I don't like the way management is ruining the match, neither do the millions of people suffering with melanoma..................
how does that expression go " show me the money "....how does MELA remain a going concern with no revenues, at least not enough to cover expenses, and no cash. We have all seen stranger things but this needs to be one big rabbit that management pulls out of the hat.
We will see soon enough.............................
Remember what I said prior regarding management not being shareholder friendly ! Until proven otherwise I still think they are setting up the company to be taken out by private means and screwing present shareholders. Follow the money, only the financiers have made any . I know all the legal BS but connect the dots, this is a picture a blind person can see. Bring in retreads that protect them legally while they devalue the company and take it private. Jay Gould et al are all laughing in their graves its so obvious........................... Present shareholders need a miracle, with the cash situation at MELA reaching the critical point we are fast approaching the time for management to show and tell.
in first 5 minutes today over 33% av daily volume. Large volume up day yesterday. No news. Management MIA. Interesting events. Any insights other than shorts might be cashing in.
Just another possible scenario.
Instead of a financing deal , a corp [ GE , SIEMENS, OPKO, J&J, ET AL. ] do a takeout. If they see insurance reimbursement as real and Derm, institutional , acceptance is half as previously projected one could show a business model at $100-200 million annually with recurring revenue streams 2-4 years out. At $1 a share aprox $75 million takes out the whole company aprox. pocket change for a large co. looking for growth with no heavy R&D start costs.
Either management is as bad as I believe or there is something else happening IMO.
2005 $7.5ps thru 7/2013 $1.01 ps. VS 7/2013 $1.01ps thru 7/9/14 $.27ps . %wise its close another few pennies and its a dead heat.................................as far as communicating goes please explain position based on the last year. He was put in by the finance people who are the only group to benefit since his arrival. Shareholder value cut 75%, financiers paid $millions$ in fees, not a bad first year, rite?
Where's the plan to raise money to pay bills in the coming quarters, etcetera, etcetera, ?" A Communication Breakdown" as the boys from England said a few years back IMO.
$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 .
this company shouldn't be trading with a market cap equal to its enterprise value? It has earnings/revenue , first to market product, growing business field, good management, etcetera. Realistic near term value $.60 - $.80 a share ?
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........
oh contrare, they own all patents and assets when present management runs out of money and options...............................................at pennies on the dollar to boot.!!!!!!!!!!!