I was a bit surprised to read parts in the 20f and there was not a lot of insider perks paid out. They did not meet expectations so there was little incentive pay. Nakhar wrote himself a perk but not much beside that.
Have we got a company who does what they say? I respect them for behaving like they have accountability and leadership. I much prefer straight talk and leave the hype to the Mitek boys.
So none of the fluff numbers ever work out. I must admit I fell for the hockey stick. It sure sounded good.
But, when you do the math on their hype vs their results it never adds up. Not even close. No doubt still a snails pace growth compared to their hype stories.
You guys all know both B of A and WFC both owned a couple hundred thousand shares each a year ago and have sold out. That was with it at $2. Not saying anyone should sell it but be careful. I think we have been lucky to get back to $4. I suspect Baba and Thorton would agree....just saying.
Stevo, had you pegged as a major liberal, the France thing and all. That and sucking up to Baba.
Again we agree....PR on deck.
72 Billion....another drop in the bucket.
They will pawn it off as contagion when it's really way overdue.
The people who give these fools money deserve to lose all there investment. Greece and PR.
The US saying no intervention is about the best thing I have heard come from this country in 6 and a half years. Obama must not have been told about PR yet.
So I have a pretty good friend who has Stage 3 Ovarian. Approximately, 2 years ago. Doing well. I think 3 of 8 that went through treatments are still alive. All 5 did not make it through the chemo treatments for one reason or another. Some did not make it through the first couple of treatments. My understanding without prying is they have since passed quite awhile ago. It is sad and I am sure there are stats for outcomes.
I did ask without prying? What do they do when Chemo can not be handled? I did not get a clear answer but the outcomes were not good from what I was told.
My friend, as I said is doing ok, but suffers from some nerve damage, feet, hands etc. at one point they told her to be careful as she could suffer from burns or frostbite and have no idea that it is happening. I think she has been a bit disappointed with minimal recovery from these issues.
But she is alive and doing well. I have never asked many questions but have listened a lot, I did not buy this for any of these reasons. I bought this because I think it has good value. But, as I have learned, ovarian has some serious issues to overcome and it's time for combo therapy to help extend and improve the outcomes.
I will say my friend has incredible courage and the heart it takes to get through something like this.
She is a survivor type.
The CEO and COB selling shares to help their old buddy the big short to cover.
Did they ever buy shares when their faithfully long shareholders were getting trounced at a $1.80?
No they did not.
Because their big short buddy was making a fortune at the expense of all the long holders.
It matters to me all the investors they shafted at $5.25 and $1.80.
It tells you about the character of the people running the show and their genuine lack of leadership.
Of course this is my opinion but it has a lot of facts staring you strait in the face.
It is just a very sad day when the CEO and COB help the very people who torched their house get away with it.
It is really just that simple. Quid Pro Quo.
Accomplices to the torching of Mitek.
And yes, it will probably go up. That's what Quid ProbQuo is....favors in return
I call it FRAUD...that is my opinion.
Watching from the sidelines for awhile. Impressive rebound off $3.77 . This thing craters bad when they pull the bids. 2.6 million still short at June 15. The problem is the big short and whatever it does next runs the show. Big money beating on little fish. If they decide to fully cover and leave, longs will get a nice reward. If they take it back to 5 million short, back to $2.
The latter scenario is worrisome. They are very good at sucking investors in at the highs and then smoking them out on the lows. Sept 30 might be a good day to load the wagons.
They did not pay $1.71 because they thought it was headed to$1.31. Granted they play a little short game in the short term but in the long term they want it well above $1.71 and the guys who paid up last year want it well above $3. That's just to break even. So if your sitting here with a cost average of $1.52 things are good.
You obviously can not listen to Buthead. He is a boiler room scammer. They are everywhere spewing their BS.
Like has a substance abuse problem? You mean something like that? If he can not manage his own life on a half million dollar salary you do not need to be trusting him with your money. Of course, you are free to let him do just that. But, I have seen enough. I think the big short could still take this higher. I think Debello and Thorton could sell the company. They will want their money in due time.
I have no idea when that will be or what kind of gyration it may go through to get there.
Options Sept 30 600,000 of them. I doubt it's at a 52 week high when that rolls around...just saying.
GL to all the longs.
I hear you on the potential buyout avenue but the stock is in the hands of the big short. Insiders selling at $4 has no winning long written on it. Unless of course, the thing is a fraud. If management is selling because they do not feel its worth anymore that is bad. If management is selling to send a negative tone to help the short cover that is fraud. Management selling just a little to shake shares for someone else well that is sleezy too. Sorry, but I just do not see a reasonable good reason for this that is good for the common holder.
The insider sales are eye opening. To think, we were all thinking with the hockey stick in play, they would be buying. Nope they are selling. Not only that but they sell going into a William Blair growth conference where they stiffed secondary buyers at $5.25. They sell at $4.
If i were William Blair, I would sell my stake and drop coverage. Ridiculous management greed.
I have been huge support buying way more shares than I should have. But, no more.
I hope it goes higher for the longs, the sector(mobile) is interesting but management stinks.
Management will get low priced options Sept 30. Be careful.
RIP Sally Thorton
I hear you but believe it or not I am morally bound to not support leaders like this.
Giving the Wall Street antics that may make me a very poor investor. Debello selling is expiring options.
So for me he gets a free pass on this one. He needs to use them or lose them. Usually, you can just buy the shares as well. But from 80 cents to $4 that would be a half million or so. That would have been very bullish for the stock.
The big short is working towards 70 percent covered. Debello has 180,000 to cover. Thorton has sold some.
No one wants to believe it but maybe the insiders are helping the big short cover on the cheap for a return favor down the road.
I would guess August will be when Debello sells the 180,000 and they look for low priced 600,000 options in late September.
Sorry, but giving the history here the stock is apt to be lower come options day.
Debello has to mid October so maybe he sells after options day.
Their track record when it comes to shareholder interests stinks so why would Sept 30 2015 be any different?
Low options mean big profits and they know it. So far as I can see that is their agenda 100 percent.
Screw the common, me me me. Mitek Magic
And the curtain comes up and it's The CEO and the COB selling shares.
That my friends is all we got for an incredible laugh today.
So the Big short seller just by chance stops the run up just in time to show Baba and Thorton selling shares.
It just keeps getting better!!!
This is so Jimi Baba like. Thorton proves he is just like him.
Actually, in financial terms it's kind of sick. Like the preacher doing the Alter Boy in the communion booth.
Read the press release and the purpose of the conference. Then after hours an SEC filing with insider selling at $4. The potential investors they were talking to two hours earlier......what a shame.
The company is recruiting a new CFO and will announce once an appointment is made. In the meantime, the current management/CEO and board are overseeing responsibilities -- please be assured that all the day to day duties are being appropriately covered by the finance team.
Let me know if you have further questions.
Nobody cared. It is all about the big short. Hope they keep moving to more fertile land.
The only time the stock moves is when the big short moves it.
100 percent in control. Short covering or will they take it back down?
In a tipsy market, way better shorts than Mitek.
Mitek was the perfect short in a bull market.
We are kind of cushioned on the cash side so yeah maybe $1.20 low on the downside and upside $$$ who knows a lot of debate.
But, it could be in dollars on the upside and dimes on the downside.
I predict if they have to go through an earnings announcement there will be no Q&A
The tone is getting rather pointed towards this executive team. What's left of it!
It is hard to believe the COB has not been replaced. I suspect he has been giving a time frame or else.
The big boys voted for them to maintain their positions. I believe they got that vote not for what they have done but for what they have promised next.
There is not one institutional investor in the black. Not one! Not even the $1.71 club. Bleeding red all of them.
Besides that this board is a complete joke. Even if the company sells for $4. This management and BOD should be remembered for leading nothing anywhere. Complete bunch of losers just look at the OXGN charts.
No one can deny that. Whether management thinks they save face or not.
It has been a complete long term disaster for investors. No one can deny that.
Of what they wanted in the FDA announcement. I would think they would be ready to roll with the path forward. Instead, they are changing CEO and CFO quit. Maybe one drove the other but you had over a full year to get your act together and they appear to be completely out of control.
You plan a vacation, a wedding, a trip, you have your act together. FDA day occurs and these clowns are all twisted up and putting forth a pitiful amount of confidence in the financial community. Management, you got what you wanted for the most part. Now, do something. What have you been doing over the past year?
I concur IR will not respond. It is outrageous and should be embarrassing to these executives.
Someone needs to stand up and do their job. The COB is obviously a joke. The new CEO needs to get it going whatever it is they got to show us.
They are either completely screwed up or they are helping shake out the tree before the big day.
IR not responding might mean they shut them down already.