ATHENA enrollment progress would be nice as well but we may have to wait for the quarterly call for that.
As we approached the $2 mark that had 2 news releases of which ( I know you are aware) had a Lorem update...I just hope they were able to save something new and of positive value for the ASM.
True...bid was $0.35 and trades had gone off there. I was looking at last report but you are correct the ask is higher if one wants to pay up. Not able to check in detail today.
I dont see any trades for a $1 strike...but only checked yahoo.
You can buy a March 2015 $2.50 call for $0.35 vs the Sept CYTXW for $0.31 and a $2.59 strike
CYTXW still a silly trade
I dont see any extension either !
Lawyers ? A even bigger joke.
About 7 weeks left...tick tock tick tock
Most oldtimers here are burned out and have all the shares they care to own so we are forced to wait for news.
Secondary is coming Chuck...no matter what.
I tend to agree with the CC comment and also think maybe some may just not been interested in him and his management style...but that is pure speculation. Regulation uncertainties also could have played a role.
Also agree with munger...one better plan on another 5-10 years
Yep breaking $3.90 lights up a lot of screens. One day or intra-day wont do it BTW.
You can probably wrestle control back a dozen different ways but to be realistic, because we are still dealing with Cytori management...What have I harped on for years....CASH !!!! And of course the burn rate. They need to end the bi-annual need for cash once and for all. That really limits mobility in a short position and all they are left with is increasing the % short interest against outstanding shares. Not that they cant just do that but it is a different game.
I also wish people would stop quoting the $8 or $8.50 PPS from years ago. We have 10's of millions of more shares out now...its not the same valuation !!!! Historically CYTX has had problems around a 400 million market cap. Break that and we are making REAL progress in valuation !!!!
Lots and Lots to be done here to make this a real company. I am not looking for anything impressive with the quarterly revenues so lets hope we hear some progress in programs and trials.
***Hedge, don't they believe your $3.25+***
They absolutely do and are trying darn hard to prevent it.
Remember months ago I said the shorts will control this so BARDA does not break the Lorem high of $3.90.
They also know Cytori needs money and they want a raise at poor of a pricing as possible.
The sad part is they were able to cover a bit before applying new pressure. I still see this back over 10 million shares short soon enough. Control...its all about control....that is how the shorts win. Still waiting for Cytori to wrestle some of that control back.
TD Ameritrade has zero shares to short
Interactive Brokers has only 15,000 shares avail for shorting
I dont have borrow rate info and just getting a answer from Ameritrade took about 10 minutes. Evidently they had shares in the morning but they are gone.
Our short friends continue the fight, as expected. New figures for the 1st half of July due after the close.
The life of CYTXW can now be measured in weeks so it will soon be close to flat against the common PPS.
Trading is one thing but I will never, ever understand the reasoning of buying and holding that piece of paper with those mark-ups. Soon the pain will be over and one way or another the debate will end.
As for todays news reaction...would have been nice to squeeze a little more out of it in terms of PPS movement but one really has to consider what the news is really saying. That these events reflect things that are years away from anything close to effecting the bottom line. We need to show the cash issue is dead forever and then we can attract some interest beyond traders. Sad really. Trading volume pathetic.
To go along with this news a check on Fas' site under OT heading is a article on LVAD's I posted some time ago for those interested.
Finally we hear something about Lorem and the other countries besides China.
My guess is that this and the funded cardiology trial were goodies for the annual meeting but given the Lorem appointed director news last night and the extremely low PPS they released them today.
WST...in terms of monetizing....all this news is of a early nature in the monetization process so lets hope there is still some red meat left for the ASM.