CEO said what she had to, hitting on all the important points.
Cash is more than sufficient for at least the next year as costs are being reduced. Additionally, there's a high likelihood one or more partnerships will get inked in the next 4 to 6 months.
The time to purchase is between now and year end - shares will rally in early 2015, and continue higher through the year.
Those who are patient will do the best. Buy a little at a time - don't shoot your entire wad at one time.
2015 is going to be a very good year as things are in the home stretch.
Answer: Absolutely nothing.
and you will have your shares at a 20% discount to what Bruce last paid in April.
The share price here is irrelevant - it's low. Maybe it goes lower - who cares? When the masses come back again, the shares will go higher - much higher. As news begins to flow, shares will go higher.
For months people were posting here how the shares weren't going higher because there wasn't a CEO installed. Now there is - you got what you want. Now, just because the shares didn't go up immediately, everything has changed? Maybe it was a small case of buy on the rumor, sell on the news? Now that there's a CEO, what's to look forward to?
If you have no patience, as others have said - sell and move along.
The entire market is weak currently - SNTA shares are not really performing much differently from most other small caps and biotechs at this time. Further, being the latter part of September, certainly end of quarter window dressing is taking place.
The investment thesis has not changed. You will not see Bruce/Caxton selling shares. If anything, we may see him soon hand over another $5 million to the company to get more shares at the current price level.
it was a rhetorical question to which I and most everyone knew the answer.
why have you stopped posting nonstop throughout the day and commenting on the CEO's golf/massage schedule? oh, that's right, you only do that on the days that the price goes down.
so now you're short at $3.08 and $3.11 and down over 5% in just a couple days. congrats!
The similarities are very apparent for those who have followed both.
Today, SNTA is is just about at the same point PCYC was right before they inked their first partnership, with their first FDA approval following about 6 months after.
more likely, at some point sooner, they will tie up a partnership with someone who will provide a cash infusion and interim milestone payments.
Tax selling kicking into high gear with weak markets today. Folks tossing shares for whatever they can get.
Come January shares will bounce.
"And she has not said a word."
It may also be the case that at this time, she may be prevented from saying anything - for example if company was in negotiation for a partnership. Not saying that is the case, but there could be something going on behind the scenes that we do not know about at this time which prevents her from making a statement. That would explain a lot - wouldn't it?
He would buy directly through SNTA because it's real easy to have a single transaction at a fixed price as opposed to buying 1.5 million shares in the open market over an extended period and moving the price with your purchases.
I assure you, short-term technical games like a short squeeze is not his objective. More folks would just short at higher prices. What is going to drive the shares higher are results - we know thus far the results are good and very promising. As we get further down the road, more trial/study results will be coming in, and that is what is going to drive the shares higher and provide strong support going forward.
Iteris Reports Fiscal First Quarter 2015 Results
- Record Roadway Sensors Revenues Up 20% -
Fiscal Q1 2015 Highlights vs. Same Year-ago Quarter
· Total revenues up 6% to $18.1 million
· Roadway Sensors revenues up 20% to a record $9.0 million
· iPerform revenues up 15% to $1.4 million
· Transportation Systems added $10.1 million in new contracts
they cannot judge the offer to be inadequate and be holding out for a better one because nothing has been discussed regarding price. the point DRAD is making is that PDII simply gave a knee-jerk response that it's not for sale without even having a meeting to hear what DRAD's offer would be.
Of course $840,000 won't make or break him - but having upwards of $200+ million invested in SNTA between his personal accounts and Caxton will certainly hurt should things not work out.
"When i heard a new CEO talk about assembling a team to commercialize a product that is years away i go short."
1. A very high confidence level in the outcome
2. CEO already told you that they are not spending lots of money to do this, it is merely putting some pieces in place so they are ready to go when they receive approval
3. The product is not years away
I am certain first day the shares go lower, you will be back on your perch squawking all day.
Go enjoy your day and try not to think about the 9% loss you're looking at on the $3.08 short.
Shares do not include any future potential at this time. They are being priced as if we were in early 2013 and the company has much more going for it today.
People should listen to the conference call, read the transcript and consider the numbers Abbas was talking about with regard to subscription services. This is a huge recurring revenue stream that's out there.
Beyond that, the company has many irons in the fire at this time and even if only a few actually bear fruit, there is going to be a huge payoff.
Shares are significantly underpriced here. Anything below book value is like shooting fish in a barrel.
Company continues to perform well in spite of the hurdles placed in front of them - like this accounting/CFO mishap. Six months from now, when we are in spring/summer of 2015 it will be forgotten history.
considering the volume appears to be slanted towards the sell side, I don't believe it is for a belief of takeover activity.
what I will say, is that I am quite certain things are not done as far as DRAD is concerned. my guess is that Eberwein is deciding what he wants to do and how. he may decide to go after PDII aside from DRAD through his fund. he'll just start buying up the shares, then initiate a proxy fight against the board and management, he always wins, and then he'll throw them all out. at that point, he'll sell it to DRAD or make it profitable the same way he did with DRAD.