What are you missing? The current value of the stock - it wouldn't be trading for over $2 per share and rising if the shareowners were being wiped out.
Actually, jstuw8t (or whatever your given name might be) I think the execs deserve every penny of their bonuses. They created the first effective smallpox vaccine, sold it to the government on a very lucrative basis, have successfully avoided paying anything to PIP, and pulled off a positively brilliant strategic maneuver by declaring an artfully conceived bankruptcy that allows them to continue in business and accumulate money for their shareowners. Not a bad record. At the risk of repeating myself, they deserve every penny!
I strongly suspect that he is right this time, innsbrooklad. He isn't the only insider buying. I think we'll see a significant announcement sometime during or soon after Chinese New Year. Things are definitely happening.
Is it a metaphor, simile, analogy or the mental ramblings of someone who is going to be very unhappy when the exciting things that are brewing for this company start happening?
No disrespect intended, lonmo1995, maybe he has exited - but looking at how the stock is trading today, i'd guess that someone is still very much in the game
If things are as negative as you seem to think they are, I think we'd be selling for .60 or less (I believe that's the approximate low for the past couple of years) I'm still holding out hope that we'll get some tangible good news - something other than smoke and feasibility studies. I believe this not from any inside information, but rather from the interesting behavior of the stock - it seem to be being propped up a critical moments in the trading day.
Mr. Rigdon will obviously be under a great deal of pressure to make one or more positive announcements sometime between now and the conclusion of next Thursday's conference call. Any thoughts on when, how many and the subject of these announcements might be?
I agree with you, fuel, that this particular trade is not indicative of manipulation but the more interesting thing is how this relatively large trade (for this stock) was made with so few ripples in an otherwise quiet trading environment. It might suggest that there is a large buyer out there who is quietly picking up blocks of SYMX stock that are coming onto the market from weaker hands. I'll admit that this is an optimistic interpretation of what happened but from the looks of what's been happening lately it seems to me to be a reasonable conclusion. Any thoughts....?
I partially agree with you, fuel_cell - it could go lower and the stock is definitely a speculation: however, with the recent announcements, I believe the potential up side is significant - well beyond a double or triple. For sure, I'm not the only one who sees that potential and I definitely will add a large number of shares if the price drops too much further. I suspect that at those possible lower prices I'll have plenty of completion for the shares.
All that said, I think your comments are well made and I would like to hear some other comments about them.
The pictures I've see of Beijing and other major Chinese cities make a very clear and convincing case that China needs to employ SYMX technology ASAP. Current stock price is disappointing tho.
I think your plane analogy Is an apt one in this case. Do you have any guesses as to what and/or when the next significant announcement might be made?
I agree with you that China would not be above driving SYMX into bankruptcy and stealing their technology if they could do that easily - I believe, however, the Chinese are smart enough to know that that is not an outcome that GE would tolerate and that China's interests are much better served in this case by having GE as a friend rather than any enemy.
Your point is well made, drod, the management's record is something less than stellar.
That said, you'll have to admit that you consistently see the negative side of things. While management has been far from perfect, they did develop the product in the first place, there is still plenty of money due to come in as the contract matures, and there is the very real prospect of several future contracts. All that together with the fact that they have not, so far, paid PIP a cent is a good. Not a perfect record of course, but not entirely a bad one.
Your consistent trumping of the negative suggests two things - either you have a personality disorder of some sort or you have an ulterior motive. My question to you is, which is it?