Jane Hsiao sits on TRXC board and is stockholder. Among her many positions she is Vice Chairman of OPKO , and many consider her Dr. Frosts right hand. Do some DD, she is an impressive lady IMO.
average volume 139k, today 1.4 million @ 1pm and no news showing presently. Have been accumulating on the way down since $2.10 range and not complaining, the insane spike in volume with no catalyst is puzzling. Anyone heard anything?
IMO , OPKO is Dr. Frost's legacy.
The man has nothing further to prove about his Medical and financial abilities. His success's are documented. I believe he has/is creating a company to impress himself and benefit patients and investors alike. A worldwide concern that will rival the largest and best .He will not sell but will continue to buy promising startups,merge, aquire and do everything that he has been doing to reach that end. He has nobody left to impress but himself and I for one have been and will continue to go along for the ride as long as he is involved.
The hard Technical bottom of $1.80ish is at hand. Weak hands have been flushed and volume is holding. On the Fundamental side if the company now address's the COO problem correctly and can assure investors the latest hiccup regarding device timeline is under control we might see a return to the $2.50-$3 range quickly. When fundamentals and technicals are in union things happen quickly one way or the other, time to buckle up IMO.
Now regarding the big heavy guy in the red suit.................................................
ffighter answered your question from the technical side, rather nicely, since technicians represent a heavy % of traders do not dismiss his reasoning/explanation so quickly. As a person who follows fundamentals, the COO resigning [?] and leaving without notice equals red flag and the company and EX COO not talking or explaining? Did you think to ask during your conversation what the $%^&&^% that was all about? One would think it odd for a COO to leave at such a time, with a big payday so close, no. The fact that the device is being delayed isn't ringing any bells?
This is a highly speculative stock that just rocked the investors last quarter and your question is?
If/when the device gets ins. coding and ins. reimbursement and if the device were to be scaled for consumer use as well as Derm/institutional use, ie a scaled down version of device, sold to consumers for personal use/ reference on HSN. What do you think the market potential would be?
Just a thought...........................
Where are you getting info on short positions? I can't find info on NASDAQ, YAHOO, etc......IMO the problem is that the CEO thru out a 2.5 million number with a timeline and now is tied to it. The company is fine and is tracking very well, management needs to be more careful with projecting numbers and timelines.
Spent a few moments last nite researching PHMD. They seem to have a product that they sell on the home shopping network, a laser device for hair removal, lasers for eye surgery and a few other things. The corp structure seems to be, buy companies, ramp sales, flood market and aquire companies.
I had once said that MELA should explore mass marketing a cheap version for home use, perhaps they have found a company that will exploit that avenue. PHMD needs new products and MELA needs a marketing arm, etc etc.......
Will be leaving his post @ PHMD to assume CEO post @ MELA . PHMD 52 week range is $2.08 - $16.82 presently @ $2.14. Management @ PHMD has been a disaster over the last couple of years great for financiers bad for stockholders. Doing a little DD it seems to support the position I posted awhile back, this company will be sold and taken private at pennies on the dollar just prior to codes being granted or rite after. All at the expense of common stockholders and benefit of current Board and financiers.
and the result is larger than normal volume and a sell off. My guess is early stockholders/insiders selling to lock in gain and/ or the people that bought secondary @ $14 are selling for tax loss and will rebuy before end of year. Either way company could use ins. coding ok to start a run...............................
a few years back. Was cleaning files and saw this disaster. Can someone explain what happened to the reverse split, susidiary spin off , etc. etc. that was suppose to take place awhile back.
explain COO departure? Very strange that neither management nor ex COO has spoken. To resign and leave on 1 days notice is far from normal. Anybody heard anything? I was beginning to get interested in company and device. Some smart money is behind company from what I've found.
I was on the NASDAQ web site, I find it reliable and accurate. Under MELA on the left side column click on SEC FILINGS. My take on the filing, a very quick read on my part, is they have taken a position of 9.9% or more which has triggered a provision in the last pref.stock, warrant offering. I would be curious as to your take on it. If you have a moment give it a look.
I was commenting on the SEC filing dated 10/24 and those were the two names on filing, I didn't use " individual investor". As to the " huge " stake I and a few others would consider a 10% + stake huge, large , considerable, whatever. I appreciate the passing along of knowledge, positive, negative, pro, con whatever. Even opinions if they are formulated with facts, knowledge, intelligence, etc. My post was a mere note to those who follow MELA , one can do what one wants with the information.
PS ,I thought the guy was hustling oranges, must have been his partner.