All you have to do is look at manufacturing and commodities to see that the economy is on life support. Facebook and Google are fun to use, but they employ relatively few people. NAV and other companies in the industrial equipment sector are a better forecast of the economy than the overall stock market.
Excellent analysis. If this were anything but a micro-cap company, there would be lots of analysts doing this sort of analysis for us. Let's face it: this isn't a biotech company, it is simply a vehicle for collecting funds from the public to fund a comfortable income stream for the board and executives.
The company is such a mess that the BOD probably figures that no one would want the CEO job. Besides, hiring a new CEO means lots of work for the BOD in terms of interviews, background verification, etc. Why bother with anything that smells like work.?
I know the BOD wants to give Berlin some options at a ridiculously low strike price. Instead of the current price, I think they should use a strike price equal to net share non-cash equity on the day he was hired. What would that be? I assume it would be several times the current value.
How about GENE trading 6 times the volume of ROSG today, even though at 1.5 million shares ROSG is having a big volume day? Clearly there are more people paying attention to GENE.
Someone on this board mentioned GENE as a good companion stock for ROSG (same industry, roughly same market cap, development stage, etc.). Well today GENE is up 30% on no news while ROSG continues to linger around the 52 week lows. Both are volatile, but ROSG is just 27% of the 52 week high while GENE is at 35% of the 52 week high. More telling, GENE was at a high of 60 ten years ago while ROSG was at 400 (split adjusted) 10 years ago. It would seem that if you are investing in microcaps, GENE should be the higher weighted position in your portfolio.
If he were really greedy, he'd be buying shares with his own cash on the open market. If he just used 10% of his salary this year to buy shares, he'd own 5 times as many shares as I do and have paid substantially less in total than I have.
...and of course at a luxury hotel. I imagine he shows a price chart and says "if you buy it here, you'll get it at a better price than everyone else who bought in the last 8 years. What's not to like?"
I bet they are underwater already. They don't understand that bad news (company specific, industry, or geopolitical) is a reason to sell, and good news is like a ripe banana (sell while you can; tomorrow it is mush.)
6% stake? Nice, but net of company cash, that's only about $1 million of equity investment. That's a weak sales day for many companies.
Share price went down yesterday because gross margins are negative. The more you sell, the more money you lose. Think I'm kidding? Look at past income statements. OK, so if they can generate enough tests, the margins may turn positive, but who knows how long that will take.