Long time readers are aware of my interest in (and support of) companies with products capable of making a real difference in the treatment and prevention of cancer.
You seem to have a real problem accepting statistical probabilities, capt. Perhaps a metaphor might bring some clarity to you?
Think of a home owner who purchased a house for all the cash in his retirement account thinking that property values were going to go up and he would make tons of money. Unfortunately, the house he purchased didn't generate any income. Worse, it had all kinds of expensive problems that required the owner to borrow money from others who lent it to him at high rates and levied monster fines against the homeowner for not keeping up with the payments.
The poor homeowner was always looking for someone to give him a loan and constantly borrowing from Peter to pay Paul. To make matters even worse, the real estate market was going down every day and he lost 90% of his original cash investment via a 1 for 10 RV. Eventually, the homeowner borrowed so much money and placed so many lenders in superior position to his note just to keep the house out of foreclosure that the home was eventually seized and given to far more superior investors.
If it gives you pleasure and makes you feel better, you keep crowing about your company going deeper and deeper into debt just so you can say that my BK prediction did not come true. As I have said many times in the past, I have no problem sitting back, biding my time and if the situation should miraculously change that mela shows it is going to finally be profitable, I could easily decide to drop millions into it. The difference? I will be doing so for an adjusted price of 25 cents per share; not the $6-$8 per share you did. Who do you honestly think is going to win the mela game capt? Certainly not you.
I see where mela celebrated my homecoming by tanking 12 % on the date of my anticipated return.
Why is it no surprise to me that Capt. Stupido believes that another 27 million and high interest rates are good for the company. He apparently has no concept that he is never going to see the return of his principle investment at this stage let alone; any return on equity.
No matter, I had an incredible time cuddling up with you-know-who and all is right with the world. I can sum up the differences as follows:
Fncy: wine, wine, wine
Capt: whine, whine, whine
Are there not more important things to worry about rather than misspellinks and typos?
Honestly, who cares? and if someone does call another on it, why bother to respond or even clarify.
I know I certainly have bigger Fish to fry
Not to mention, the company did not just learn about this application this morning. Managment specifically timed it to coincide with the 1:10 RS date in the hopes of using this (practically meaningless) piece of news as something (anything) to help keep the pps buoyant.
Why did they not present this news weeks ago as they were certainly aware of it at that time?
It is my belief that Gulfo walked out with a lot more than a few worthless cards hidden up his sleeves. He was a great poker player all right but remember, poker players are not playing for the House (investors) but rather strictly for themselves.
Gulfo walked away from mela with a lot more than you will ever understand or imagine.
For years, the capt has been insisting that Mela's share price will "go up". I believe that tomorrow will be the day that his predictions finally come through.
The capt believes that mela will arise from the ashes and win the race. He barges about the futuristic 3D imagery mela is developing and how this will change medicine. Wonderful and heady stuff except for that nagging little problem called adequate assets and income on hand in order to promote the process. Mela is essentually out of cash. How are they going to continue to keep the lights on let alone, engage in expensive R&D.
Of course the capt will deny I ever said this however; I made the comment years ago that we could care less how we make money (long or short). I said that with any given biotech start up that there is always plenty of time to wait before you go long. I was accused of "missing the boat" back in the $8 range. Funny thing was I just didnt feel comfortable setting sale on the Titanic.
If and when Mela ever gets its act together and shows a semblance of being able to make a go of it, I will be right there to load up in the (adjusted) 20 cent per share range.
I believe that all the wisdom of the Universe in contained within the lyrics of County music and in the spirit of Toby Keith, I have to ask you: How Do You Like Me Now?
How does he do it; you ask?
From the puppet master that is jerking your strings? -- capt
The capt has a very bizarre sense of what he feels is important. He seem very fulfilled by throwing up a prediction (from years ago) that I made that did not come to fruition as well as try to make others believe that I work for (and am controlled by) someone else.
I know that the capt realizes I am far too well connected and powerful to be working for someone else but, for some very odd reason, it makes him feel better about himself to keep throwing the only little crumbs he believes he has on me out there.
On the other hand, what is important to me is to make money (and lots of it).
This is the fundamental difference between the capt and myself.
I called the 1:10 RS nearly 2 1/2 years ago.
Yeah capt; we know.... you got Germany on your side. The Russians were happy about it as well in 1941. How do you think that worked out for them?
You over looked the fact that I then when on to CALL the 1:10 Reverse Split within 24 hours of it being publically announced.
HOW DOES HE DO IT; You ask?
Say you are right; say that they just happen to now be on the "right tract". Who do you think is going to lend them (subordinate) money now that they have diluted the previous investors by 1000% AFTER having decimating their original investor's investment by as much as 85% not to mention, paid millions on an investment default?
You honestly are incapable of seeing the writing on the wall, arent you?
It has been fun however; it is a beautiful day and I think that I will take the Ol' Bug Smasher up for a short jaunt up the coast. I hear Blue Whales are out there feeding locally. Ever see one of those bus size leviathans from low overhead? Amazing.
Fncy's predictions are uncannily accurate-- heeb
As you have personally been witness to (and benefited from) over the years, my prognostications genererally are very accurate; except when blindsided by the uber-stupid (like the private equity investors who have artificially kept mela afloat or Russian-Belarous cartel members).
Actually, the P.E. "investors" set up a situation which worked out very well by keeping the stock on the Big Board and allowing time to further generate HUGE sums of money for those in the know .
Hey capt, are you pulling those 4 year old quotes from the Fncy File you say does NOT exist or are you using that magic search engine of yours you recently claimed was generating them for you?
What do you type into the magic search engine to retrieve them: "Times Fncy has been wrong?"
Capt, I was going to mock you by doing your parrot rendition of the 'They got the German approval, They got the German approval" but decided that the joke was old and stale. Then I noticed you defaulted again to it (several times) on another post. Honestly, what the F is wrong with you? Are you that immature and narcissistic that you simply cannot accept the fact that you totally scre wed the pooch on this investment?
I have been witness to other fanatic stock board posters but I dont believe that I have ever seen one who lies and spins like you do. Just accept the fact that you were balls to the walls wrong on this and are going to pay the price for not listening to my advice way back in the day.
As far as my "being wrong" about the company going BK; I still believe that it will. My prediction has only been delayed because I did not take into consideration the fact that so many of your personally beloved analysts would sucker in so many private equity lenders who obviously know little to anything about investing. Had it not been for those idiotic (and now lost) artificial infusions of tens of millions into mela the company would have gone BK back in 2012.
I have a homework assignment for you capt. Of course, you will choose to ignore it but then again, you always cast aside information provided to you that would have allowed you to live in luxury the remainder of your life. Here it is anyway:
Capt, do a little research and show me one other company that is still in business that suffered a catastrophic ten for one reverse split and is now a healthy and viable company. One that rewarded its original shareholders with a return of at least their original investment.
We will all be waiting to hear from you on this one.