Doctor's personal investment piggy bank and nothing more.
It's been this way for years...if I wanted to invest in a mutual fund, I'd do just that. What makes this MD think he's such a great stock picker and options trader?
I'll simply look at the filings and what his holdings are, decide what I like and then maybe buy the shares individually.
Stay away is my only thought.
If you thought this is a medical device company of some sort, you'd be mistaken.
CEO purchases are just for show. Financials look poor. Too many shares outstanding.
1 for 5 reverse split is required for multiple reasons.
Company needs to raise cash one way or another.
All of the above indicate that things get worse here before any chance of getting better.
Don't fall for the show being put on be the insider purchases.
ISNS is a direct competitor and they have been doing awful the past couple years as well.
If you want a winner in this space, buy shares of ITI - within two years it is a $5 stock. At some point they'll probably buy this dog meat company or ISNS because they'd be able to expand and grow cheaply.
jerkweed - the moment the options are exercised there is a taxable event in addition to later when the shares are sold.
we are done on this topic. you've proven your stupidity.
When do I have to pay taxes on my options?
First things first: You don’t have to pay any tax when you’re granted those options. If you are given an option agreement that allows you to purchase 1,000 shares of company stock, you have been granted the option to purchase stock. This grant by itself isn’t taxable. It’s only when you actually exercise those options and when you later sell the stock that you purchased that you have taxable transactions.
jerkweed, you continue embarrassing yourself.
you do not understand options. it is a taxable event when the options are exercised (difference between the current share price and the strike price), and then again when the underlying shares are eventually sold.
You are wrong again.
The options are free, the shares are not - that is why it is called an "option" grant. You have no idea of what the words you post even mean.
Do you try to be stupid, or do you simply have a mental defect?
Up until today, you've been posting for 6 months that the options grant were FREE shares. Why have you now changed your tune?
You are incorrect again. Now that you understand the very basics of options and try to spin, you still have no idea of option strategy.
Buying at .29 here by exercising the options immediately triggers a taxable event. You will see, that just as she did last year when she had the ability to exercise the options, she will instead make an open market purchase of shares at .40+ or whatever the shares are at the time.
Nobody would exercise the options which have such a long life left to them unless they were looking to sell and they would only do that if there were significant gains to take.
By not exercising she is emphatically saying that she has total conviction in the turnaround plan. By not exercising the options, the gains are at risk.
You just keep posting, because you have shot any credibility you had, which most of us already knew was none.
For the past 6 months, he has proven over and over that he has no understanding of options. I explain to him and now he continues trying to "spin" it in some other way even though he's just invalidated every post he's made regarding the options.
Or, more likely, since they do not expire for about 10 years, there is no reason to pay any money now to exercise if she weren't interested in selling immediately - doesn't that make more sense? It should, because it's the reason.
You should consider buying a few shares on any pullback - just awarded another contract this morning. I loaded up in low $2s over past week after selling in the $2.20s...got lucky.
But, it does seem to have established a hard base at $2 - so anything under $2.10 is probably a good entry point.
Will likely post a loss for the quarter. Excuse = "Our first quarter is generally weak ... we have many expenses which hit us annually in the first quarter".
Expect shares to trend back to .45 to .50 levels as market euphoria wears off.
Why do you think it's ridiculous or irrational? Based on the outlook I think we're looking at dead money for the next 3 to 4 quarters.