Neurocrine Biosciences Inc. Message Board
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potter,
You couldn't be more wrong. Check out the Forms 3 and Forms 4 on Edgar filed by Dr. Ali, Herb Chen, and Richard Lynch. Chen's holding are the oldest and most predate him becoming a director.
Ochs -
irs_hater,
Now I understand, Herb Chen should be investigated because he owns over a million shares of TXCC and is down well over a million dollars on his investment. The BOD is facilitating a scam so that they will lose all the money they have invested in Transwitch and damage their reputations by being associated with a failed company. It all makes perfect sense, if you are a BOZO like yourself.
Ochs -
altrfan, since I have twice as many shares, I must be twice as delusional and I plead guilty. On the Q4 2011 call, I asked the following question. "How about the cash position? Do you think that you can actually get to the point where you are receiving significant revenues from the new products?" Ali's answer was basically patent sales and capital markets could be accessed, if needed. Those avenues are closed for now.
Ochs -
I expect they will try to bring it down at the closeas they have lately. jda mentioned Dr. Ali having 660 K bought at much higher prices, don't forget about Director Herb Chen, he has over a million shares. If you recall the direct placement last year, insiders and instisbought in at $1.80.
Ochs -
Volume is twice normal, although still not much in terms of dollars. For some perspective, the total dollar volume of TranSwitch trades at 3:10 PM is the equivalent of 426.44 shares of Google.
I don't know what to think of today's miserable performance. Is it capitulation or bankruptcy?
Ochs -
birdman
I am a perennial optimist, but the last year has rattled me. I think the only safe thing to say is that we will know in six to nine months whether the company will survive. If it does, if the CEO is anywhere close on his prediction of the market share that TranSwitch can garner with the new video connectivity products, and if the mo-mo players get involved, who knows where the stock price can go. Certainly, not I.
Ochs -
check,
It may be a few pennies, but when you have a boatload of underwater shares and the water is almost up to the gunwales it looks menacing. If you look at the long term chart, the stock can rise very quickly. Witness the rally two years ago in March 2011 and the smaller rally in December 2011. Unfortunately, it has been virtually all down hill since then. If the company can survive, as you point out, we are talking about big multiples from here, IMO.
Ochs -
moneymaker,
I'm "all in" with TranSwitch, so I am not going to buy anymore here. When I look at the past month, it makes me wonder what quickly drove the stock up to about a buck in mid January, and did it again more slowly in late January and late February. It begs the question of what has happened since then to take this large percentage drop. As I have opined before, I think this stock is being manipulated and for relatively little money. Is the high volume on the open a head fake to panic investors or is it someone with a position finally giving up? We will see how the rest of the day goes volume wise and make a guess.
Ochs -
wsill,
Pretty relentless, isn't it? Down 30% in a month despite some five "design win" announcements since the beginning of February.
Ochs -
nova,
You are absolutely correct. Delisting is the least of our worries.
Ochs -
kpb,
All good questions and I haven't got a clue as to the answers. I do think that the volume suggests that it is one or two players just toying with the stock. I just wonder how low the stock price can go, before we get a definitive "tell" on whether Dr. Ali's bold move into video connectivity will be a success. One thing for sure, it is painful to watch.
Ochs -
In the last minute they took the stock down a penny. There are simply not enough buyers to stop the manipulation.
Ochs -
altrfan,
Are you suggesting they want to keep legacy telecom altogether?
Ochs -
kpb,
I thought about the patents today and why they haven't sold. I am sure they are in a huge hurry to sell the patents, but perhaps the potential buyers are sitting like buzzards in the trees waiting for TranSwitch to die an ugly and painful death so they can pick the carcass in bankruptcy. If we could get that strategic partner Mr. Lynch talked about, this stock could triple in a few days, but that is a huge IF. Some say the market is all knowing, if so they have already written the obituary. I wonder where those LTB orders are for telecom. HELP!!!
Ochs -
This is ridiculous. There are no buyers or sellers. Bid is 300 shares @ $0.78; Ask is 100 shares @ $0.80. That translates to $234 on the buy side and $80 on the sell side. For very little money, you too can control TranSwitch's stock price.
Ochs -
altrfan,
You are correct about Northland Capital. Ryan MacDonald was on the last conference call for them and asked several questions. I suspect you are correct that delisting issues make TranSwitch persona non grata at the conference. It would be tough for Northland to bring attention to a stock they have touted that is now facing delisting and needs to go up 200% to hit their price target. Ouch!
Ochs -
mindsweep,
It is not that I didn't want to answer, I simply didn't feel qualified to answer. Read the last transcript and tell me how much time Dr. Ali spends on telecom. The answer is virtually nada. My observation for you is that if the global telecom buildout is your reason for investing in TranSwitch, you are in the wrong pew. You should invest in a pure play as obviously TranSwitch is exiting that business. Just my two cents and probably worth less than that.
Ochs -
wsill,
You are such a party pooper. ;-)
Ochs -
kpb,
It is the computer. Why would a market maker bother with a seventy five cent stock? There is simply no interest in TranSwitch stock and the computer just trades with itself trying to pull suckers in on both up and down moves. Think about it, today the total dollar volume at the closing price was $81,222.75. That is chump change. As I have opined before, nothing will change until we get real volume in this stock and that will only come with substantive news i.e. no "design wins" just revenues and some reassurance that this company will survive.
Ochs -
lisse_lynn,
What are they supposed to do? Ali and the BOD have set out on a new course with video connectivity and there is no turning back. It either works or it or it doesn't. At this point, we are all passengers on the Transwitch train. It remains to be seen if it will ever leave the station.
Ochs