"because it simply makes no sense that the price is still this low. "
A reverse split is required to resolve the situation.
There are too many shares outstanding for a company of this size.
I've seen it many times before. The problem is that you have people that flip in/out for 5000 and 10,000 shares at a time and they play their games inside the bid/ask for fractions of a penny. This happens because for shares below $1.00, brokerages allow placing orders with prices to four decimals. At $1.00 and above, most all brokerages do not allow pricing beyond 2 decimals.
So, to put it simply, the best way to get out of this situation is a reverse split - something in the 1 for 5 to 1 for 10 range strikes me as the best conversion factor based on the number of shares outstanding vs. annual sales and the current share price.
When there are less shares available, though the bid/ask spread will likely be higher with less trading activity, the games will all but end and the shares will be able to more easily trade based on the fundamentals and there will be a more stable set of longer-term/interested shareholders. Today, again, you have people loading up on between 10,000 and 50,000 shares between .42 and .43, waiting for the shares to advance 10% to 20% and then they're racing for the exit. How many times have we seen this? Who does that benefit? Nobody but the short-term traders.
"We are engaged in preliminary partnership discussions for a number of our programs, which may provide us with additional financial resources if consummated."
Sit back, be patient, collect the whopping dividend, see the shares go much higher over next couple years.
I like it! The kind of investment you live for in this kind of market.
"Based on our current operating levels, we expect our $112.1 million in cash resources as of June 30, 2014, together with an aggregate of $12.2 million raised in net cash proceeds from additional sales of our common stock during the third quarter to-date under the at-the-market issuance sales agreements with MLV, will be sufficient to fund operations at least into the fourth quarter of 2015."
Last year SEC filing was made on Sept 6 for Oct 17 meeting. Look for similar filing date this year during first/second week of Sept.
Good risk/reward at this level.
Will nibble some more if market wants to take it lower.
Insider buying and option exercises (while continuing to hold the shares) is of higher value to me than where the market sends the shares day to day.
It means that she pulled $522,000 cash out of her pocket and gave it to Jones. In return Jones issued her 1.8 million new shares. There are no ifs - she now owns an additional 1.8 million shares and outstanding share count goes to 41 million.
We've seen this before and if you sell into this, you're just feeding the panic. If you will sleep better taking your money off the table with your profit, then that's the thing to do. However, though it may not be time to load the boat, you need to keep your head on straight and look at things objectively. Company grew the top line, grew profits, grew backlog, outlook is still very good. History has shown that when this happens, it's best to slowly acquire on the way down. That's my plan - it's worked well before, I'm confident it will this time too.
Look at the bottom line - there are your numbers. If you cannot see the progression from last year to this year, that's your problem.
Company has successfully restructured, reduced costs, put out new products, and now as sales increase the higher profit margins are going to find their way to the bottom line.
That's all you need to know.
so you think it will trade at a PE of 1 or less? please, tell me that's what you're saying.
DJIA goes to 17,500 - 18,000 over the summer then meanders around the remainder of the year to finish in the 16,500 to 17,500 range for a full year gain of 0% to 8%...average gain. Definitely not at a top as you believe. It's going to take a black swan event to kick it lower for a larger correction. But even so, at this time we're talking correction on the road higher.
awesome news....we should begin hearing something soon regarding reloads on some of the existing licenses. we're also going to get a couple wins from the three ongoing data activation trials.
people are going to miss the boat here because they are not watching...they've left the ballpark before the 7th inning. this is all fine with me as I continue accumulating what few shares I can wrestle away from market maker below $8.00. lower it goes the more I'm buying...will take the 5%+ dividend every day of the week between these news releases. at some point, when the volume comes back again, we are going to permanently go above $10. that $11.50 price target will be history. maybe towards the end of the summer.