I was reply to the fact that with his connections he should have been exploring partnerships, offers,etc....in hindsight a replacement ceo also.....
I find it hard to believe that with the interim CEO's background that he would not have feelers out over the last year or so. Yet there has never been a mention of it from MELA. They would have to have disclosed any discussions. very odd situation .........
IMO, Things can only get better once the dust settles. The interim guys background is what this company needs right. Its a shame Dr. G. didn't grow with the job but as a shareholder I believe the board gave him more than enough time and its time to get this device marketed correctly. Dr. G didn't resign he was forced out by his own inactions.
Does anybody know the current % of this stock float that is short, not the amount from weeks ago? Wouldn't surprise me if it is around present shelf amount presently force. Where is management and the PR company? Is anybody running this company? No spokespeople, press releases, no work on the ins. reimbursement front, etc. etc...
IMO management is either trying to BKRPT the company , get rid of present shareholders and take over for pennies, or they are completely lost and will wind up BKRPT and some large pharma will take patents for pennies on the dollar. Either way present share holders get slammed. This Dr. G.is watching the fat lady entering the building, is he blind or a genius?
Why? What do you see/know that is a catalyst for a rising pps. Management hasn't changed. What will bring new long money to MELA in the near to mid term time period. IMO the pps should be between $2-4 ps if management had any financial/marketing savvy. Then again the world would have 4 sides if it were square.
I will not belabor the point. Management and the new/current PR firm are as lame as ever. Why is nobody out in front of whatever news is driving this current fiasco. 24 hours and nothing from them. I will now correct a prior post where I stated that somebody from a top Grad. School could manage the company better than the current team. I now believe that any undergrad. currently in finance 101 or marketing 101 could do a better job. Who at Cowens is advising this group of lost souls or better yet who are their clients that have been front running [shorting and covering] this stock all the way down?
It will soon be 6 months since this announcement. I admitedly have not followed this company, MELA, as I should have for quite awhile yet, when I look, I'm hard pressed to find anything about this company and what they are doing to promote MELA. Since this appointment the pps has gone further south, down. Does anyone have a handle on this PR company and anything they have done since Jan?
Is this another example of managements lack of marketing sense? Will they ever wake up and bring in a marketing/finance guy.....................................
Do you believe that Dr.Frost would waste time or money on anything that didn't aleast have the speculative potential to make him money. His track record appears to support that point. I think his team would advise against an outrite scam. IMO
With all the gloom and doom on this board I have decided to look the other way. Martin had his dream so lets try this one. In the next 9-12 months management catches a break [ they wake up with some financial savvy], the salesforce produces numbers [ 400-550 units sold], the usage does 75% of what they project, this non existant ad/marketing group does something/anything, Mela announces that they have started the ins. reimbursement process and most importantly they bring in a Finance guy. All doable objectives for a well run group [ i know, i know but its a dream remember]. What do you think the PPS would be?
I believe that the Grad. students at Penn, Harvard, Yale, et al could achieve that objective given one year.
IMO if interest rates remain close to where they are at present they could raise funds via the credit market avoiding dilution til a favorable time. To bad the people at Cowens have control of management for I believe they will bleed this puppy dry if management doesn't wake up and move soon. My opinion is this company is dead money pps wise for the next year or so or until the above objectives are implemented, promoted and imbraced by this mickey mouse [ financially speaking] management team that is presently in place and the investment community starts to see some results.
Time to go enjoy the weekend Monday and reality will be here soon enough.....Health & Happiness
I wrote awhile back about the risk/reward position regarding MELA stock. Perhaps we are seeing smart short players locking in profits, reducing margin expenses, etc. and reestablishing modified positions. If I was one of the fortunate ones who shorted MELA at $4-$5 I would be locking in some profits [ if my position was short vs long, a lot of $$$$ ]. The risk is $1 down [ bankruptcy, 2-5 years out ] vs $2-$3 upside short term [ 1-3 months ]. More importantly IMO why risk a short squeezze when you are up so much. The short position has been large % wise for the past year or so when the pps was over $4 [ a lot of unrealized gains ]. The traders now have a much smaller window of opportunity on the short side than in the past, expect a lot of short term churning volume wise, IMO.
On the fundamental side nothing has changed, product, management, proforma, sales and revenue projections, etc. etc I do not expect anything above or beyond what management has projected for the next quarter or two. IMO that should be enough to get the pps to the $2-$4 range in the next couple of quarters or months if management can get it together [' I had a dream' ]. The technical side is what is in play at this time,IMO.
In a capitalistic world potential/proformas are only good for so long. Then its show me the money time. A retrace to the past years high seems so distant and remote, it reminds me of Dr. Kings qoute ' I had a dream'.
Regarding managements ability to date one could write volumes about it........................................anythings possible even $2-3 pps, near term, if they get it together. The approved device is worth a small fortune in the right companies/managements hands, IMO, as well as a few others ...........................
health & happiness
Is go up and make me money, I wish I couild say that about all my investments/speculations.. I have been looking for excuse to sell since last post [sold 1k @ 4.98 ] and the pps has risen over 6% plus it paid a dividend since. Guess I will just keep a core. I have sold off some 8.5k shares over the last year and am with the proverbial house money. I am not well versed in reits and bought this after Lehmans imploded, it was to cheap and well run to pass up @+_-$1.ps. Any ideas suggestions, opinions
atip....I have posted my opinion on management over the past year. I agree with you and believe that the next couple of quarters are make or break. I have averaged down and I'am prepared to take the loss or gain. The biggest part is the loss of the moneys earning power over the last year. Still like the product and the niche. Believe a guy like Dr. Frost over at OPK, one of my better ideas, would get this thing humming along. It would/will be a great fit for them. GL
Had a few moments and ran some charts on MELA.
The 20DMA is aprox $1.19 , the RSI is rising , the slow scholastic is rising as well as the MACD. Large block purchases at close. Short position is shrinking, etc. Seems to me we might be near or at the bottom pps wise.
MELA has hired a PR Co. and is about to embark on a major promotion. Sales are increasing and positive revenue is beginning. The company is financed thru 2014. There is no negative press regarding product, one could say its been almost all positive. There is no competition for the next couple of years. The new health care program favors preventive/preemptive care. The charts seem to favor a breakout if it can gain some traction, a little volume and get over $1.20 ps for a couple of days. IMO the pps could run to $1.35-1. 5 in the next 6 months.
Even with the need for further financing [next year] the dilution should be minimal as the amount needed aprox. $15 m would get MELA another year or so in which time it should reach profitability as per its proforma and current sales results/projections. A possible sales partnership and or a reverse stock split [ allow some mutual funds to play] would speed the process along. IMO I do not think this quarters results will be as important as the outlook/future projection will be. Present management has not shown an ability to promote the company nor handle its financing well up to this point. Time for them to step up. Its possible we could be at an inflection point. The next few months should be interesting in my opinion.
The large block after hours trading is continueing
4/1 1600hour 34k $1.17
these large blocks, after hours, are odd for such a low volume trading stock This has been going on for a couple of weeks now. Interesting
the past ten days or so I have noticed large block sales, ie; 50k+, 24k+ and today 38k+ shares per trade after hours [ per NASDAQ ] on a company that usually trades IN a 300k+ shares per day RANGE excluding the infrequent high 1.6million share day [ HENCE 600K DAILY AVE ]. The high share per trade count afterhours is odd when you consider that they are larger then most open hour orders. The price ps is so low its not the $ involved but the volume of shares that I find interesting since the larger holders of the company have tended not to sell up to this point. Is someone/thing starting to accumulate?