Chinese companies recently going to IPO in US stock market are very hot again. I heard two companies PPS have jumped 50%+ In IPO first day. More companies will follow it to IPO In US Stock market. CBMG will be up listing to NASDAQ, this looks like Similar IPO. If Institutional investors are coming in to buy CBMG, the PPS could have big jump In the first up-listing day, because of very low float. After up listing, We could see forward split ( 1 for 2 or 1 for any), because off huge demand and only 2 mm float. Long share holders will get big gain finally. Good luck for 5 years holders.
Hi miketse800, have you got 0.001 ($1 after r/s)? Your dream was broken. You should buy now at 6.55. See you at $10 in one month if not sooner.
Good job. market will go down for sure, short will make money . bag-holders will lose money. panic sell coming to take profits. Stick to market, don't marry with company.
2013 will lose $30mm or lose 0.32 a share. In the future ASTX will lose more or could never make profits. How can they get money to support research? Only way is issuing more shares to get cash from shareholders or debtors. It means dilution. News about second share offer could be announced soon because stock PPS be pumped so high now. See big decline any time soon, if not tomorrow.
This year will lose $30mm or -0.32 E/P. Time to sell and short. Monday it may gap down, or up first, then sell off, close on red.
Anural report said: As a result of our substantial research and development expenditures and minimal product revenues, we have incurred cumulative losses of $326.5 million through December 31, 2012, and have not consistently generated enough funds through our operations to support our business. Although we were profitable in the last three years, we expect to have operating losses over the next few years and we may never achieve sustained profitability.
2013 company expect lose 30mm or 0.32 a shares. once 1Q earning report coming out, PPS could be down.
I agree with you. Conference news already priced in at last Wednesdays PPS gap up. Now it will pull back. In these three days, day high and day low all lower day by day, means trend is down, and volume is fewer too. Plus 2013 net loss will be $30mm, or 0.32 a share much worse than 2012's profits. P/E is way too high.