These conferences are just parties for the attendees. Kind of like your company buying a $6000 shower curtain for the boss. I would love to see the faces of the idiot posters on this board when the dilution is announced.
I would be really nervous about shorting any biotech unless I had solid inside info. On the other hand most of the NAVB shorts are near or in the money. They will support NAVB unless the market goes into free fall. New Korean War anyone?
Just because I sold out doesn't mean I can't post. It's entertaining for one. And I might buy back in........at a quarter, like I did in December 2007. That was fun.
Another point to think about. I still think it is possible for NAVB to rally nicely. I just do not see it happening anytime soon. I do see a mother of a market crash coming. It's already over 6 months late by my charts but that is what is. Combine the 2 and what do you get? Do not buy NAVB now is what I get. Sorry.
I understand the "Bashers". Most have been burned buying into the belief that LS was a champion. Now they realize that they will never get their money back. They are #$%$. It is the longs I can't fathom. There is no cash. Just massive accumulating debt. The theory is that NAVB will have 100s of millions in debt in 5 years and because of Manocept 1 million shares will pay off this debt. Ain't gonna' happen folks.
Sad.......Really Sad...... At that rate the coming dilution will be staggering. They cannot continue borrowing cash at 14% to finance operations. 100 million new shares are coming.
That is about the most ignorant post I have seen on this board. When the bill comes due for all that supposed cash you'll be squallin' like Ned Beatty with a grizzeled hilljack hangin' on ""behind"".
I have been following this company for 18 years, made damn good money on the ride from Dec. 2007 to 2011-2013. Thought for quite awhile I'd get back in.......................Nahhhhhhhhh. this one is toast.
Don't you know that long and strong grows hair on the palm of your hand? Not to mention offending the Lord when you spill the seed on the ground.
The problem is that chart. Look at the Nasd & Dow for the last 20 years. There is a gawd awful crash coming. The shorts will actually save NAVD when 80....70....60 cents is hit.