I've done some traveling in Thailand. They have a lot of filling stations for natural gas. Most of the taxis and a lot of other cars and trucks use natural gas. It's been a real boon to their economy. I always hope that the US can catch up to a country like Thailand on this. We have a lot of natural gas in the US, it would be great if we could make the switch. A lot of people don't realize how viable this is as an option.
Does sound like they will be announcing some positive sales data. On top of that they will be pitching their growth ideas, trying to gain interest for another secondary.
so, commercial shipments are next qtr... just like they were last qtr, and the qtr before that, and the qtr before that... don't you ever just want to call into the conference and start cursing?
Not comparing industries, obviously. Not making a comparison at all, just an example of why trust needs to be earned.
He's telegraphing some sort of major dilution or debt, something that will reduce shareholder equity. My response is still anger. Just when they were moving towards a revenue phase, he announces that they're going to jump back into this kind of cycle of reducing equity to build the company, in other words he's going to ask shareholders to start financing more expansion. If they had demonstrated even a little bit of solid financial success first, that would be more acceptable to me. Right now I think it's... fishy. The letter only talks about how they "believe" revenue will grow and they "believe" the liver tissue will take off. That's the kind of talk that management of a publicly traded company can hide behind later on, when it turns out that they did not make any money at all. Maybe they're about to take the pharmaceutical world by storm, but I'd be investing in what I WANT to believe, not what my intellect tells me is going on.
Here's a story. UNXL is another company that had a CEO that was very excited. They were about to take the touch screen industry by storm. They were about to start mass producing millions of screens. They had already signed a partnership with a major manufacturer. The stock skyrocketed. Everyone was excited. Three years later, every qtr since then, they have said they were "right around the corner" from finalizing their manufacturing process. All the way from $40 down to $5 there were die hard investors on their message board cheerleading for them. Today they released earnings. They're very excited, because they're almost done, almost ready to ship. You can buy their stock tomorrow morning. Maybe this time they'll do it. They've said in the past that commercial shipments were one qtr away... but this time it's for real!
OK so ONVO is hopefully not a disaster like that, but that is unfortunately a VERY common thing in the stock market. The company that actually lives up to their "belief" that they will succeed is rare.
If there's gold in the ground why can't they start producing? Sounds like some people here actually know something about mining, all I know is what I see on that tv show gold rush, which looks like a bunch of bumbling knuckleheads. What's the hold up here?
Hehe I don't think I've ever seen that before
Supposedly customers have, but why not provide sales numbers? So far all he has offered are projections, which really mean nothing.
They rode the 3D printing bubble, built a company that has amazing potential, but makes no money. On the word of the CEO alone we are supposed to believe they have hundreds of millions in revenue coming. Why do companies file qtrly and annual reports? Why is there an sec? You act like I have a defective personality because I don't give blind faith to management. Why don't they give us some numbers, some concrete sales info? What's stopping them from doing that?
Thanks guys, appreciate the replies. So that explains the muted response. The focus here was MRI, but that was not released yet
They wouldn't pull it so soon, and I don't think assays are not working. Honestly I think he may be telling the truth. The whole scenario is just very fishy. Not my first rodeo, every other similar situation I can think of was a disaster. Of course the CEO always makes it sound rosy. That's his job.
I'm going to keep a small holding for now, but I'm content to wait for good news and make a decision then. if this is going to be worth billions, there will be a chance to get in along the way, without all the risk I see right now.
imo it's worth watching, and if they start to demonstrate success, you may lose out on the first bump, but from there the upside should still be substantial, so plenty of time to buy in. buying here, with imminent dilution coming, seems risky
The positive take is that if you're a long term investor with a high appetite for risk, this could make the eventual payout all the more juicy. Even the CEO is calling it a gamble, so... understand that before you bet the farm
This is the obvious conclusion (if you don't drink the coolaid). Why do they suddenly need to dilute and come up with new growth strategies? MAYBE it's because the launch is so successful that they are chomping at the bit to grow. PROBABLY they need something new because this is not going to hold the interest of investors once numbers come out.
half a billion ain't cheap for a company that has no HISTORY of revenue, only projections