That is a poor way to justify the market cap of XLRN. Nothing has passed beyond the phase II boundary yet. I understand how information are being managed for these paper companies with sky high market caps. I see a big bubble here. If XLRN would be such a great company, why insiders are selling in droves?
This is insane! Tell me one good compelling reason why should I buy this company?
It would be a miracle if that does not happen today. A good start leading to a steeper dump? I bet retails have already bailed out from this insanity. Never seen such quick demise of a stock within a week of IPO.
We would never know their hidden intentions but the money has been made in both ways. Taking it to 24s and bringing down to the floor. The game was rigged and only players that could play the game are the insiders with their infinite numbers of shares no cost. Now, after the lockup period, if they come with some interesting news, the game will be played again with very similar consequences.
With EYES, I broke my own rules and I got punished immediately. If you get IPO at the initial price, get it. Or, stay on the sideline until dust settles. Street is full with crooks and we, retails can't do much.
I am still waiting for the answer. I have no expectation for any cogent answer.
I am out but if there is lawsuit, I will join. When a stock is falling, how on earth they are having this extra allotment of shares? This is a criminal act.
A possible scenario. They know, they have nothing to fear because they got the shares. Very bad for retail investors.
How this could be possible? A relentless selling and nobody can stop the bleeding. Are insiders letting it slide by having short accounts in parallel? Where is the floor?
I am not sure about .50 cents but whoever shorting the stocks must have some good backing from people who got the stocks or going to have stocks. So, what do they care? Only a big buyer can change the dynamics but he/she is not coming forward yet. This has happened many times in the past. The people who sold the stock to retail investors could behind the calculated shorting. I got fooled by second day trading but a cardinal lesson has been learned. Good institutional support was necessary for any good stock. EYES ipo was mishandled and retailers can only hope for great news after lockup period. And, that seems to be so far away. Crooks with good backing from insiders will take it down further. Sad, but that is our Wall St. History will always repeat itself again and again and they know it. Good luck people!
Support needs to come some where. We retails can't do much to keep it stable. Yes, I got in too fast with the IPO news. A great idea but no buyer?
A great shame indeed! With so little float, how can people manipulate this stock is beyond me. 30 days period seems to be so far way.
That would not happen in our life time. Brokerage firms are too strong and powerful. They just manufacture shares for their own trading. We as small investors have no chance against these thugs.
OK, I could not take it anymore. There must be some manipulation going on from market maker's side. Very small trades with certain people shorting without having stock. This is a scandal. The price decline makes no sense at all. Only strong hands who can scoop up the shares at every dip may win the game.
What they really do to RESN? Elaborate please! A company needs to stand on its own feet than on underwriting company's charisma. Unless we know what is coming from the EYES side within six months time, it would be too premature to judge the company and its underwriter. So please relax and let see what happens after the quiet period.
It is the pattern of lights that makes an image. The technology is simply amazing and revolutionary. They have the first prototype and that is itself a great achievement. If it goes beyond that, the market cap can go up to few billions dollars. If it ever comes down to 10, that would be a great gift.
Agree, it is seeing objects vs not seeing anything. The procedure is already approved in many countries and it is only matter of time when the next improvement will emerge. This won't be a complete restoration of eyesight but to do very basic with the damaged eyes. And, it is priceless!
If you see the light, you would be seeing the images. It would be working as a camera.