There are 166,000 shares short out of 14,000,000 shares. Who cares. And people will not short at $1.76..they liquidate their positions.
Want some serious advice? Don't give anyone yours.
Sir I may have forgotten more about the how the FDA works than most people. The FDA does not work in ways that make small firms happy. Anything Dr. Quay says on a conference call should be taken very lightly. He led people and investors to believe the FDA was not a problem ( potential ) but he launched anyway. Unless they have hired several experts, I doubt Quay or his minions have much credibility with the FDA and your thinking is wishful at best. ATOS was in communication with the FDA since the February warning letter??? If they were why are the products off the market? They even took an approved product off the market. And genius, they did a voluntary recall SO THE FDA WOULD NOT MAKE THEM REMOVE THE PRODUCTS! They do not have the all the paperwork necessary to file. They have to meet with the FDA first and then do the work. Joe, where do you dream this stuff up?? Your thinking is as flawed as the management of this company. What if the FDA requires a 500 patient clinical trial? No one, including the company has any idea of what the FDA is going to require. I would be content if they took 60-90 days to file the 510. Then I would feel some comfort that the company asked for help and were prepared.
Misunderstandings before they filed??? Read the February warning letter. There are so many misunderstandings it will take much longer than 30 days to satisfy the FDA.
You take a position in the stock and all of a sudden you are an expert on the FDA and how competent the ATOS people are??? Your lack of due diligence is embarrassing. Do a little research on the composition of the Board of Directors. Independent? What are you smoking.
You are quite daft. Management should be focused on running the company well. The price of the stock will take care of itself. Notice the dopes who run this company own a ton of stock, so even though they get it for nothing they still get crushed.
This company is mismanaged. Simple as that. Until the Board gets changed and the officers are changed, PPS is not going anywhere without a miracle.
But it is a Pre Submission meeting and not the submission. The FDA could make them jump through hoops.
The earliest they could file would be December 15 and then it will be 90 days for the FDA to respond. It is always a danger that they do not like something and the 90 day clock would start again. What is called for here is for the company to hire the best FDA consultants in the business and complete the 510. There is no one capable at ATOS to do that as we have seen. The best news I could hear is the Board replacing Quay with a real businessman and not a rubber stamp add on like Greg Weaver is a Director.
Again, good product awful management...
Good luck to all..
Send me some of the stuff you are smoking..Couple of months? You are delusional. The new filing is going to take a lot longer than you think. Tax selling done? Good luck. Right now this is a dysfunctional company which has no chance of financing as long as current management stays.
To reiterate Great product + Bad management = Mess...
Upcoming event? You jumping off a bridge with your MACK shares in hand???
Just kidding...You will do OK on your investment..Hang in there..figurativley.
The fellow at Seeking Alpha gets it on the results, but what he misses is the obvious bunch of losers who run this company. The Board outside of Gary Crocker are pals and JPM could not do a good underwriting if they tried. Management market ignorant! I could not have said it better. There are huge institutional owners who will replace the Board soon enough. How do you think those folks feel who bought the stock at $5 and that over priced convert....This is a Harvard case study.
Your time line is wrong. Cytec licensed the MASCT device from Nastech and it was not FDA cleared. That happened four years ago I think. Be that as it may, you are 100% correct about the make up of the company and the double dipping being done by Quay and his wife. They did get one great asset in the marketing guy who worked for Thermo Fisher and got an entrée which still exists. He was also the point guy on McKesson. The CFO and Chief Counsel is out of his league and most likely should go back to private practice. The device works. I know that for a fact and know patients who had problems discovered. But this is a management mess with a rubber stamp board which needs major changes. If they are not forthcoming, this stock will be under $1.00. Tax loss selling season is upon us and most of the shares are owned by retail, the worst kind of holders.
Someone will come in to pick up the pieces but to expect the FDA approval and remarketing within the next 9-12 months is folly. This company spit in the FDA's face. They will have to play nice for a long time.
Like You Tube is now the authority on the FDA, the CIA, the NSA? Get a life. The FDA writes warnings letters to protect YOU and others and the companies who want to sell those products owe it to YOU to respond. There are 325 million people in the U.S. and how many doctors work for the FDA trying to protect our food, and drugs from US???
I do not agree with the FDA on everything, but I have a lot of respect for warning letters. Pretty obvious the moron who runs Atossa has no respect for them or his shareholders.
Go back to watching You Tube.
No, the market understands very well. You can see it in the price. Biomarker findings???What kind of spin is that? It did not meet the end points. End of discussion.
I suppose you should use real rounds instead of blanks. I am not short the stock, just know it is better to buy when the news is good instead of speculating. Hope you did not have a huge position. This is not good news.
The product is great. I know of several women who had the test and some had problems. Why Quay does not hire a professional? First it will show him what he does not know about business and secondly, he is a chapter right out of the
" Peter Principle." Never hire anyone smarter than you!
Quay! Just because you are smart does not mean you are capable of running a business...
You should blame the Board of Directors and next shareholder vote you should replace them. They all seem like " yesmen " to the CEO. And of course his wife is on the Board. Sad.