I'd be embarrassed to let anyone know I'm an owner of MBLX stock. Have you seen the short ratio on this stock? The SMART money has been shorting this stock for many years, and they have been right year after year after year after year after year after year after year. More dilution coming. Just a matter of time before it's sold.
I'm thinking about gambling on this stock again. Next time it gets back under 50 cents I think it might be worth the risk. I don't feel sorry for the longs as anyone that would buy this stock over past 3 years knew that it was purely a gamble or was a complete idiot. This is purely a speculative stock with ZERO track record of delivering any value to shareholders. You would have to look long and hard to find another company where over $600 million has been invested over several years and there is still virtually ZERO product revenue. The little used car lot down my street has more revenue than this POS company, and the owner is high school drop out or smokes crack!
From earnings release: "Total revenue from continuing operations in the second quarter of 2015 was $0.7 million, compared to $0.7 million for the comparable quarter in 2014. The second quarter revenue consisted primarily of revenue from government grants, with $0.1 million in product revenue recognized during the second quarter of 2015 compared to $0.2 million during the second quarter of 2014."
Doesn't matter who's driving this ship, MBLX doesn't make anything that anyone wants to buy. Hundreds of millions invested in this POS company, and yet only around $35,000 a month in product revenue. Normey must be slitting his wrist by now.
I'm thinking about getting back in at around $1.01, but not sure yet. I do think new CEO is better than Eno, but he inherited a turd on life support. He might be able to turn it around, but desperately needs their first large customer. Investors have been waiting for many years for the first large customer. $100's of millions invested, yet less than $5M in revenue. Incredible.