A few months ago I had lunch with a friend at one of the Google offices that has its own cafeteria (free employee lunches) and Jones was one of the few sodas they offered.
It's very clear that he's lost lots of money on JSDA - only questions are how high was it when he bought, and how low was it when he sold? My belief is above $20 purchasing and below $10 selling.
What did my original post say? Her options - do you know what options are? Who is talking about grants? Her 1.5 million options at 29 cents are vested and exercisable and she can sell the underlying stock freely...subject to normal stock transaction blackout periods. You continue to prove, just as you always do, that you have absolutely no idea what you are talking about. It's a real pity that some may believe you, but then again, I need gullible people to believe so I can continue getting cheap shares. Now, aside from the grants, she absolutely has used her own money to purchase shares...go read the Form 4 filings Cornholio.
Then I suppose the more important question for you is why aren't any AFFY insiders buying their stock? Wouldn't they know better than you what will happen?
" the majority of her grants have not reached the maturity date"
you are incorrect again - the majority have been vested as of June 27 this year. 1 million of the 2 million options at 29 cents were exercisable upon granting on August 6, 2012. 500,000 of the other 1 million were exercisable beginning June 27, 2013. the final 500,000 will be exercisable on June 27, 2014. Go read it for yourself - FACT!
the shares have traded well above 29 cents for most of the year - even before and after the the blackout periods when she could have sold if she wanted to.
as far as buying additional shares, as I previously posted, and you gave your witty reply, she, CT, and likely Mills Brown will be making additional purchases this month - I think you know that as well.
"and i beleive you have said this before with the last 5 CEO'S and 3 CFO'S"
that would be quite a feat in that I didn't ever own JSDA shares or have any interest in the company whatsoever before February of this year. I certainly never posted here before then.
So, your reply amounts to nothing - thanks again for that.
1. Who knows JSDA better - you or JC?
2. Let's just give the benefit of the doubt here and say for a moment that JC knows JSDA better than you. If we give her that, then why in the world did she not exercise any of her 29 cent options and sell? She had plenty of opportunity all the way up to 90 cents/share - right?
I think your brilliance gets in the way of the obvious too often.
JSDA shareholder equity = $4.26 million
AFFY shareholder equity = NEGATIVE $869,000 - translation - AFFY shareholders own less than nothing
OMONTYS is dead. If you call investing in dead products and dead companies a spec play, more power to you. AFFY will never earn a dime - oh wait, they have never earned a dime in the past either.
None of the peers in the sector trade at .5x sales...even PLSB which is in much worse shape than Jones trades at almost 7x sales.
OMONTYS has less than 1% chance of returning.
Enzon wrote it off 6 months ago specifically saying they do not expect any future royalties from it. If Enzon said it's dead, you and your group of investors are f-ed in the head if you think you know better.
You keep saying AFFY "spec play" as if it absolves you of scrutiny or that it makes you more knowledgeable. You will lose every penny you have in AFFY. Then when it's all over, you can post "AFFY was just a spec play".
The only pop AFFY will get is when they announce the bankruptcy filing, it dives to 10 cents and then pops to 20 cents from a new round of dung-for-brains like yourself calling it a spec play.
"Going into the meeting, I had several concerns and was loosely contemplating recommending a take-private transaction, with funding commitments in place before I got on the plane from NYC."
Just like before? When you were pumping 100 times a day?
Nobody cares what you think - remember, you're still shocked.
There are plenty of other miners that are extremely cheap right now, are in stronger financial positions, are operating, making money and even paying dividends.
The attraction to RVM at this time makes little sense - but it's your money so do as you please. Clearly you haven't learned your lesson from your last stint.
For fiscal 2014, JSDA is going to be profitable - simple as that. I think it's your worst fear. It's only going to be a few pennies but the key is that the company will post clean profitability and if losses are posted any quarters, at most it will be a penny per share. When the company posts profits, you're going to start to see the shares being valued on the basis of forward earnings and forward PE. With the shares below 50 cents, how much E do you really think is necessary to move the shares higher?
Lastly, this clean profitability in fiscal 2014, that is only the beginning. As a result of the turnaround efforts, and the fact that everything is being put in place for stable profitability and measured growth going forward, the sales and earnings are only going to be getting better. You know JC sold absolutely no shares this year and she had plenty of opportunity to cash in some of those options that have an exercise price of 20 cents/share. She held and the implication is that she expects the shares to go much higher than 90 cents.
This is a marathon and not a sprint buddy. The shares have previously hit bottom, that's in the past. I was specifically waiting for this year end tax selling in hopes of being able to repurchase shares at the expense of others who are only in this for a sprint, and I couldn't be happier right now. If the shares head back to our old playground at .34/.35 even better! We're a year down the road, and in better shape.
I'm happy that you continue posting, because there is little doubt that you do push some people to sell and that is making it easy for me to reacquire shares. Thanks for all your efforts here - I do personally appreciate it. You may twist the facts, but again, I need someone like you to do that to let me get more shares back at even lower prices. Folks here for less than 9 months are unaware that you are simply recycling your old posts...but that's ok too. Keep it up.
So IBD teachings are particularly susceptible to pump and dump. Though WTT is interesting, it iw clear that it too was target of pump/dump and will likely trend lower. Volume on and prior to Nov 20 show it. Now volume trailing off, share price trailing off as well. Those who are late to the party try to keep it alive, but more likely the shares will trend right back to where they were trading before the pump. It may take a few weeks, but it gets there. I've seen it many times.
Thanks for the info.
Maybe someone wrote an article on Seeking Alpha that was pre-released to their paying subscribers this morning and everyone else will get to see it tomorrow? Went that happens shares do spike with volume and then typically trend back down. We'll see.
Fundamentally the shares are well above where they should be. Technically, someone can draw a pretty picture and justify $50/share if they wanted. Just a matter of how many people you can convince to buy.