....when the time comes; if outside shareholders all take the time to vote, that's pretty supportive that the only ones for this deal are the insiders who are supposed to be representing us first! If this comes down to a court setting, IMO, this is a pretty powerful statement to any on-looker that management is failing at its fiduciary role in going through with this deal.
You definitely have the technical prowess over me; I know enough to be dangerous:-)) However, I'm very good with financial metrics. It's a shame these aren't often harmonized well.
I think the reward to risk is too favorable here to be fretting the momentary picture. It's interesting that you say you don't trade on emotion or hope (I assume the latter term "hope" is a stab at my board name). Well, if you knew my background, you would never label me as anything but an analyst type. So, we both would make the same claim that we never act on emotion or hope. The difference with us is not there, friend. The difference has to do with our time-frame for pursuing a return which is related to you primarily going by charts and me primarily going by numbers. You must watch things everyday because it's not the underlying business driving your next decision, but it is with me. That's why you would label me a fundamentals guy.
Since you are not a numbers guy, in my world, you are the emotional case. Since my sense of self-preservation (avoid loss) is not based on following a picture, to you, I'm the emotional case. Our minds simply won't meet because we have different valuation strategies altogether. However, I can respect your ability and openly admit you may prove right about the risk to price here in the short run. Even so, unless the underlying outlook changes (worsens greatly), I believe a fair stock price will be arrived at based on the underlying business....and it will take beyond next week to be seen.
As to the head and shoulders threat, look at HIMX. I noted something interesting about its chart starting in early 2013. From then it moved from the 3ish mark to over 8 by mid May of that year. Quickly, just a month later, it hit the upper 4s. It looked like a head and shoulders potential breakdown, IMO. It reversed, though, and moved strongly to over 16 by mid March 2014. I see GLUU doing this if world security is not badly shaken.
how computing operating systems are likely to come under increasing attacks (viruses, spyware, etc.). If the Veloxum program to clean systems is as effective as ABHI management touted on that audio interview weeks back now, it seems that this stock could recover some buying interest here on speculation of Veloxum's solution finding its way to a greater potential market base. It's not a happy note to consider, though, from a societal standpoint.
I think you have a rational post there. If you are long for a long time, there's no real buying thrust there since we have the shares we want already. I've done some adding this week but simply don't really want a larger position. I feel real good about MCZ, but there's always risk.
If you have no position, it's hard to argue with your sentiment too. You are saying you want to believe the company but you want to see something more tangible given management's lack of creating shareholder benefit for so long. This is going to be the tell-tell year for a lot of people, including myself, IMO. If MCZ has accrued a successful strategy for the future finally on an extended re-building period while the sector was transitioning, there's no doubt that the stage could not be better for them to perform that it is about now.
Wait and see is where we're at; there are expectations....will they be met? I believe they will. As I said in my last post responding to uptab......the landscape for comparatives could not favor MCZ any more than it does now. That said, I sure can't blame anyone for having more than a moment's hesitation, though.
Man, wasn't it yesterday or day before where you said your indicators were suggesting that it was heading to something like 5.60 or 6 bucks? Get off this day to day staring at a picture, will ya? You jump from buy to sell to buy every time the fickle market makes a new momentary move on you. I'm no technician, but today is useless to go by since Monday is a holiday. It wouldn't surprise me if you miss that run toward the $6 mark you were looking for not all that many "hours" ago.
It can't be a long term holder like us ditching shares; no one would fail to give this thing through the holiday season now. September is upon us; I mean we are basically 'there' now. This has got to be someone who had a notion of turning a quick buck....who cares nothing about the underlying company but rather just wanting to play the stock price and who has gotten fed up hoping for a quick move. However, I can't see anyone who has ridden MCZ's stormy past this far selling right now and running the risk of being out while 'finally' seeing a run on the stock price due to improving performance metrics. MCZ had a lousy fiscal 2014; comps are easy; couple some decent growth this fiscal year to enhance the comps......the price will respond, IMO.
I guess I'm saying that we have no responsibility to try and juxtapose what management has decided to do; they have a responsibility to us. They can not get off the hook by simply saying this price was 29 percent better than what it was, on average, across the 90 days prior to announcing that a buyer would be sought!
....it's like a top spinning round and round but it always settles at the same place....in this case, it's what you wrote yesterday....we deserve to know the truth! Back to the top, no matter how you spin it, there's no getting around that this stock was trading solidly in the mid .30s when an announcement came that we would be "given up" for .27 a share. What the heck is going on???
Maybe I am, but it's sure been easy money thus far. I'll even take the insult as a compliment from you:-))
....would have to go back and count; but I've made at least a buck a share by trading between the 2s and the 3s.....and no, I've not done enough volume to be a culprit for the price going back down each time. I have honestly not expected it to keep dropping back; but anyway, I managed to swing 6.9k over recent minutes at below 2.88, 1.9k at 2.8699 (low of day thus far) just moments ago when my bid was for 2.90. Expecting this to revert back to 3.05 to 3.20 has become a no-brainer. IMO.
Hokey, thanks for the explanation. I just noted (again) seeing a new poster paled out, one that I did not place on ignore yet. I could already tell it was one that I would place on ignore (based on the name) but it happened automatically. Thanks again for explaining. It looks like some of the rush buying the other day is now dumping, IMO.
I don't know if y'all know this but if a poster you already have on ignore starts a new alias, it automatically is on your ignore list......so the party can't any longer use the guise of an alias. I guess yahoo figured out how to attach the IP origin to deal with this. I'm usually kind of critical of yahoo with board issues. However, this is very cool, IMO.
I was referring to an article (search for Broomfield's Corgenix partners with Eli Lilly on diagnostic product) published by DailyCamera on August 21. The article refers to CONX's filing of the event as a heavily redacted disclosure. Take a look at it. My point is, that others are suspiciously noting today, there has seemingly been an effort to downplay any news that could have had a favorable impact on the stock price over recent weeks especially. It is as though there was an attempt to constrain the stock price. Given the .27 price agreement today, it really looks that way in retrospect. Even though the article was just referring to the CONX filing as obscuring a lot of sensitive information about the partnership with Lilly, it makes me think that CONX edited any information out it could legally do so, especially anything that would let us know whether the partnership was significant.
The point......this .27 deal was very likely set, as others have surmised, well before today; the stock price has been trending well above that level. So, it's no wonder that the filing with regard to Lilly was obscure; I don't think management wants us to believe there is value here.
Supposedly, CONX mgt was seeking out a strategic deal to unlock the potential. That's what they indicated back in March, if I'm recalling correctly.
As to the comment I made about suspecting someone being in the loop; the stock was clearly starting to find buyer appeal; why would sellers not allow the demand to bring a better price? why was there an abundance of shares continually offered? I would see 10K offered at .3699....as soon as it was bought, there was another 10K instantly put out there for sell which would be bought....and this was continual over recent days. You won't convince me that there was no one aware of this downbeat price deal coming today.
All of what you are pointing out is circumstantial evidence but when pulled together does show a pattern of a failure to act in the best interest of shareholders, IMO. (failure of performing as our fiduciary).
This is one time in my investing careers that I believe it is the only right thing to do to contest this deal. If management intends to go through with this, the facts need to be uncovered and addressed in a court setting, IMO. We do deserve to know the truth. When people in a position of trust abuse that trust....the law provides they be held accountable. IMO, what was announced today is purely shameful and without rational explanation. I intend to become involved, starting tomorrow. My vote on the deal is pointless, although I'll exercise it, but it's pointless since the majority rules and we were given their decision today. So, I would encourage every shareholder on this board to participate (pun not intended) in talking with the legal firm listed here today on the board so our voices can be heard. You can't accomplish anything if you don't attempt to do so. We do deserve the truth. At this moment, the only truth I see is that we got the shaft big time!
P.S. The shares exchanged for Veloxum were priced in the exchange at a worth of .23 per share. So, we are toying with that price level now. This level should draw buyers, IMO.
Guys, I did call the company; of course, they can tell you nothing aside from what's known to all us shareholders. I was not left with any impression of something amiss. That's not to say there's not. I just did not come away with that sense. I was assured the shares from the exchange are restricted and that they are working toward garnering business as expressed in press releases, etc.
You are showing yourself the much lesser person now; I learned about CONX through kingly...but I did my own DD and the value attracted me. It was my decision to buy; it has nothing to do with kingly. I agree that he can be obnoxious and has treated me that way before. The truth is still there, though. If this is about being right and being wrong, you can call a lot of people, including me, wrong. I will offer this caveat, though:
Management did not do this deal for the betterment of the outside shareholder; of that opinion, I'm confident.
If you had taken the high road, you would not have hit the post button.
.....of course, I suppose it's possible for something even worse happening that is unforeseen today; however, I'm definitely going to wait to see what pans out here.
I don't care whether a person has a stake here or not; any rational person could do a bit of review of the past several months here and see that this deal simply stinks. There has to be more justification than this price of .27 is 29 percent higher than where it had been trading prior to the company shopping it out. What about the fundamentals here? What about fair value? Is a buyout at 29 percent higher than an absolutely insulting valuation to begin with a basis for establishing a fair value of this business? Since the price used for comparison was a price "before" a supposed strategic partner (buyer) was even pursued, I'm suspicious that the partner may have already been known and that this business (CONX) was not marketed for maximum value for all shareholders involved. The stock market knew better and, with our without Ebola, it was trying its best to take us to something more representative of fair value under trading dictated by supply and demand with daily buyers and sellers.
Again, stinks bad, IMO.