"interesting. do you speculate this is good or bad for the future ofVelti?" What future? 4 miliom shares are worth less than $300,000 while personal liability could be around $3 million or ten times that. If you were CEO which would you worry about? (they still draw salary until the end.) The company has a negative tangible book value (despite what financial sites show) - it is worth less than $0. I did my DD.
In Europe you cannot file for liquidation until you are at the point that you have not paid your creditors (you have no cash), unlike in the United States where you can file (even if you have cash) if your liabilities are greater than you assets. If a company in Europe stops paying their creditors while they still have cash available, the directors and officers of a company can be held personally liable. Therefore in Europe and other countries the company must first draw all their cash down (even if they have other obligations and needs for the cash such as reserves and restrictions) before they can seek liquidation or the directors and officers will be held personally liable.
They'll stop buyback. No company that's declining 40% should buy back shares. Is Penny's buying back shares?
This really is terrible. How many company's announce a 40% decline? Even total train wrecks don't forecast that big of a decline. Get out tonight or first thing in morning if you have any brains.
"The Company expects to generate revenues in an amount ranging from US$29 million to US$31 million in the fourth quarter of 2013, representing 36% to 41% year-over-year decline. This forecast reflects Renren's current and preliminary view, which is subject to change."
Sure glad I sold when it poped - I'll be back in under $2
759.7k shares, -65.8% compared to typical volume of 2.22mil by 12:25 pm ET (15-20 min delayed).
Shorts can't get shares! Don't give them yours. I heard rumor that sales really picked this week.
I actually don't think it will be slow and steady. I think you are going to see a big leap in scripts very soon. 5,000 new doctors have been writing scripts for only a month or two - they only wrote one or two to start, and are just starting to see their patients return with great results. When they see the results, they will write many more. Imagine if each one wrote just one script over the next month - we'd see a 10,000 jump in scripts or 226% increase from today's number! I really think that Belviq has hit an inflection point here and scripts are just on the verge of taking off. As usual, retail longs are throwing in the towel at just the wrong time! I've seen it so many times before.
They are now, as of the end of quarter at 40% insurance coverage - this is huge because we were at 30% prior, so we've increased by 33% the covered patients. 10,000 doctors have now written scripts - this is also huge because if they write only 1/4 of a script average each over the next month, that would increase IMS number by 57% in 4 weeks! It is not a stretch to believe that 1 out of 4 prescribing doctors will write a script in the next 30 days.
This is a huge deal that is being valued at absolutely nothing here. It really is pretty unbelievable. It also shows why a biotech like ARNA can't be valued using a discounted cash flow model, which gives no value to anything that isn't generating cash.
IBB (Nasdaq Biotech Index - ARNA is a member) was down 2.06% today. That's part of what brought this down along with shortsellers' window dressing.
Disregard the above. Yahoo message board doesn't work - it removed my quotation marks and the rest of my comment. My other messages would not post. I suggest everyone go to IV.
Shorts have actual posted very negative posts there. Some creep actually rated it 1 star and used the alias "S&P500charts" to post this comment:" 'm really fat and have no life, but this didn't help. the doctor did give me a chart to read, but I'm really terrible about that. obviously". Please go there and mark it to be removed along with the other posting next to it.
No. When you deliberately say what isn't true you are lying. His numbers do not support his conclusion - that is always the problem with lying - you always trip yourself up. He said they might need a raise in 2014. That is a faulty conclusion based on his figures showing $75.4 million in current assets net of liabilities at end of 2014 with $67.18 million of that in cash, and $120 mil cash going into 2014. He is a liar.