If MBLX had a commercially viable product, then why don't they have any major customers?
Why haven't they produced any new meaningful quantities since ADM gave them the finger?
If they had any commercial sized customers getting ready to sign a big deal, or new production coming on line - then why was Eno recently fired? Surely if there was good news on the horizon he'd still be the CEO?
Why do the analysts covering this stock still have consensus loss of $0.78 cents per share and only $3M to $6M in annual revenue projections?
Why isn't the stock trending up given new CEO is aggressively on the street trying to find someone to buy MBLX stock, buy the company, or sign a big deal? Any good news would have been leaked to a few people by now, and it doesn't take much to send this stock higher given nominal volume of shares that trade daily.
Each day that passes without announcing a new major customer increases the probability that massive dilution for existing shareholders is on the horizon. MBLX soon will have no choice but to sell substantial quantities of new shares at whatever price they can get on the open market, or sell the company to highest bidder. Only $15M of cash left, which is less than 7 months at the 2013 burn rate.
I can't wait to hear if new CEO opens opens the earnings call stating how their focus is on managing cash flow, which is how they've opened every quarterly call for a few years. They didn't earn vast majority of the cash they burn, since most of it came from ADM, secondary offerings, and gov't grants over the years. They never EARNED the cash - just stole it from shareholders, ADM, and the stupid gov't.
The fact that the stock price stopped moving up is probably a bad sign for the longs. Presumably, new CEO is out on roadshow trying to find new investors for secondary offering, meeting with potential JV partners to find another sucker like ADM to put up the cash and fund the operations, or looking to sign deal with new customer(s). If MBLX had the goods and was making progress in these areas, the info would likely be leaking out and their would be buyers trading on the info. It doesn't take much to drive this stock higher since the daily trading volumes are so low.
Price was going up for the first few weeks after Shaulson was hired, which made me think it might be time to get back in. However, the fact that this stock stalled and began to trend down makes me think no one is really excited about what Shaulson is out peddling.
If Shaulson concludes that MBLX has the products, but prices are just too high to be competitive, then he should sign a large deal with any willing customer --- at a loss -- in order to get the headlines and stock price pop. As soon as stock popped, sell a ton of shares to raise the capital needed for a couple of years. That should buy more time.
Dr. People's was "scarred" by the ADM experience? Are you kidding me? ADM lost over $400M because MBLX kept lying to them about having a commercially viable product that ended up being smoke and mirrors. Dr. People's wasn't the victim, the shareholders of ADM were the ones scarred.
MBLX purchase their own production plant? What would they buy it with? They only have $15M in cash, burning around $2M monthly, and only $5 to $6M in annual revenue. Only someone like Obama or Pelosi would be stupid enough to loan MBLX enough cash to purchase a plant...........I guess they actually do have a chance!
Any insights you have would be greatly appreciated. We all know a big announcement is imminent given MBLX is just about out of cash. Any strangers walking around the home office interviewing management and going through boxes of records? Has management been visiting any particular potential customer several times within past few weeks?
Normey questioning my rational and revenue assumptions? That's pretty funny given your long, long history of being wrong on this stock. You've been wrong since it was over $20, and you road it all the way down to $0.76. This stock is clearly either a hold or sell based upon the track record. To be a strong buy on this stock given the track record is completely irrational, which you've been for a long, long, long, long time. Just the facts for any one who cares to read your posts over the years vs my posts.
This is the same type of headline we used to see year in and year out during Eno's reign of terror. Never materialized into any meaningful revenue.
MBLX down to around $15M to $16M in cash now. Every month that passes, $2M more of cash burned. Analysts covering this stock are still only forecasting around $6M in total revenue over next 12 months, and they get to talk to MBLX's senior management one on one. MBLX will need around $200M in revenue before it has chance of positive cash flow from operations. $200M is a loooooooooooooong ways from $6M.
Will new CEO deliver the goods? Or will he find out that MBLX products are smoke and mirrors and/or price is not competitive in the marketplace?
MBLX desperately needs cash, and it's time to sell some more stock. There's about 35,000,000 outstanding shares. It appears there's going to be at least another 25,000,000 shares sold, which will bring the total to around 60,000,000. MBLX will then have enough cash for almost 2 years at current burn rate.
Not sure why stock has been going up, other than Eno was finally fired and new CEO appears to be competent. New CEO will likely kick some of Eno's clowns out of the sandbox and bring in more competent business people in very near future.
As an insider, our legal department has established "blackout periods" and "trading windows" where officers, and other key members of management who have access to financial information are PROHIBITED from buying or selling stock. All public companies have the same thing.
I wouldn't expect a high school or college student to know that insiders aren't allowed to purchase or sell stock at end of quarter before the earnings are released.
How old are you?
You're prediction can't come true. Quiet period. Insiders are prohibited from buying between now and earnings release.
Feel sorry for new CEO. He'll first try a secondary offering, but likely won't be successful. He'll then try to find a partner like ADM. That might be successful, but has to happen fast. Any one research new CEO yet?
Sentiment: Strong Sell