This is a Glyeco, and an Axion rolled into one. Great ideas, but already deep enough in the financial hole that they need to order a coffin. Correct me if I am mistaken, but is cash approx. $100,000? Is debt at $7,000,000+? Was "revenue" during all of 2014 under $150,000? My pizza place does more volume than that. Have they made any "sales" in 2015? And they are servicing debt how? with $.03 per share offering in June, note conversion at $.015 in July?? Can you imagine how much stock is being doled out to pay their vendors? BTW, how much stock is out there?? How much dilution is taking place each and every month.
I like the story!! The technology is quite interesting, but why is no-one biting? Algae harvesters, separation equipment for waste, and O&G industry…yet no-one is putting up ONE DIME! Oh, and the main issue is dozens of news stories, but not one that lays out how they would make a profit on anything that they claim to be able to do. Example of Serv-Pro cleaning a basement in OKCity does not imply profit-making potential in this type of endeavor. They have been pushing the algae dream for a while as well. No takers there either.
No model. No common sense. This is feel good business, that is on the verge of financial drowning. They need an angel investor by end of 2015, or it is all over. I hope they find their investor…..FAST!
I would love to get these issues addressed by someone knowledgable with the story.
Good luck all. I am out at break-even. Thank you for the Shareholder Letter, for the temporary lift. Will revisit if we drop to mid-20's. My take on the letter was pretty luke-warm. Hate to see a company sell off assets to stay afloat, and make that part of their business strategy.
I'd strongly recommend that you salvage $.133/share before you lose it all. This was bad news 3 years ago and has not changed.
would agree. continued short term disappointment if JUNO deal is not announced over next month. either they are dotting contract i's or its not going to happen. take your pick. a bust out, or continued wallowing here.
From what I could tell, CANF (parent company) developed the chemical, while its new subsidiary IVS, has the physio-therapy that 'sounds' a lot like VYCO's system.
Canf subsidiary Opthalmix just purchased Improved Vision Systems that have similar technology to Vycor. Does anyone know how VYCO compares? Are we superior to what they are planning for the market. We do have a headstart over them. They may not be market-ready for another year. Thanks.
Wonder if this technology is any better than what VYCO offers and what they are putting into Healthsouth hospitals and offering online. VYCO beats IVS to the market, but not clear whose product/tech may be superior.
If he is right about 50%, I'd be ecstatic. Clout is only number of eyeballs reached, and the story presented. I have to believe that management gave him their story to deliver via SA. The price went up 30%, but didn't hold for any number of reasons, but foremost in my mind was the fact that the deal with Juno was supposed to be concluded Q2. It still may be 'imminent', but until its announced, the stock remains under pressure. Also, his article for some reason was published as a blog entry, while his usual write-ups were major SA articles. Near term bets are on Juno. The science is the science, and still a work in progress.
Today's excellent John Ford article on Dr. Frost and Opko investment in MabVax (MBVX) appeared on Seeking Alpha Blog. As a blog entry, seems that very, very few are aware of it yet. Ford has had excellent track record on Frost investments. He is predicting $10 from $2.30 this morning. He has been pretty accurate with his picks. MSLP he picked at $3 and went to $14+. Wouldn't be surprised if Opko/Frost raise their share of MBVX very soon.Sector (Celgene/Juno) is smoking hot.
Seems the latest item is once again MabVax. Great article on SA Blog from John Ford. John has been correct on numerous Dr. Frost supported companies. We'll see what happens here tomorrow and monday. Perhaps this runs before Sevion, and serves as a template for future Sevion action. Looks like a great story. Hope Sevion at some point has as strong a future.
JF has been spot on for Dr. Frost companies over the past 2 years. Great article on Seeking Alpha John Ford blog today. Predicting quick run to $5, then $10. Very informative article!
Hmm, why are you still holding? I might agree about the CFO..hope they are paying him in bead currency, for that is what he is worth. COO might just surprise to the upside. Either the technology advances, or it gets sold at some point. To stay afloat in this situation requires nimbleness. Not worrying here about listing at this juncture. And no, I'm not related.
Decent volume, looks like something may be about to happen. They can draw on their capital pledge from Fortress, so who knows what may be coming up. PR about to come out? Whatever finally happened to the HipCricket business that they lost out on? Did the acquirer take it over and are they working it? Would love to know.
I have respect for the CEO and COO, but I think this is pushing a boulder up-hill. Just too long and hard for these guys. They need to sell this company at a reasonable price. It has got to have value to someone.
Good news, but so many questions to be answered around future execution, costs, timing, future revenues, etc. Management is exceedingly tight-lipped, so I think this will be another quarter before any of the thinking is made available, unless there is a report written…With a little bit of data perhaps this gets me back to even, $2.35, by year-end 2015.
JC, did you ever get out of this dog? Saw #$%$ Fuld recently and he has not changed, and neither has GLYECO. Never invest in a micro unless the Management is really astute and trust-worthy. These whole operation was a no-no from the start.