There might be a chance they want to surprise with their official version of their financial statement; another attempt to propagate an artificial run up in stock price.
An R/S is inevitable.
The numbers officially estimated by management to be 3.1 mil 4thQ; the company need to beat it by a couple million. 5.2 million would shoot this stock back up to .50 IMo.
Can they do it?
Dude, it does it take a rocket scientists to figure this out. The question isn't why the company would lower the price but who is doing most of the selling.
The answer is 100% the company is doing most of the SELLING.
Mr. Lee also commented on the status of the Company's pending proceedings regarding the listing of the Company's Nasdaq listing. "Our hearing before a Nasdaq Listing Qualification Panel to review our listing status on the Nasdaq Capital Market has been scheduled for February 11, 2016. We look forward to presenting our plan to regain compliance with the Nasdaq Listing Rules at that time. Any delisting action will be stayed until the Panel renders a decision subsequent to the hearing
"Tired of waiting for the buck or 3 bucks that won't ever seem to come because of the naked shorting.. Less"
"That coupled with 4th Q earnings, no problem hitting a buck IMHO"
Dude, do you have schizophrenia?
"Mr. Lee concluded, "We hope to put this result to bed as we look forward to a solid fourth quarter and a much stronger 2016 now that new funding with less restrictive and more straightforward terms and conditions is in place. As it stands today, we have shipped approximately $1.6 million of merchandise so far this quarter and expect to end the quarter with approximately $3.1 million revenue and full year revenues of approximately $7.2 million. While this would fall short of our earlier guidance of a minimum of $10 million, given all the constraints that we have had, it still represents healthy growth of approximately 34% year-over-year. We look forward to moving ahead with our new investor and updating our shareholders as we execute on our growth strategy."
i checked the company's website and there is no updated SEC filing yet.
You do know this company is at the beginning stage of real product growth don't you? With one strong blow out quarter and it could possibly go to $1.00 before year end. AEZS may never have a real product approve the FDA.
Jones should sell these on Ebay as I see many selling for $50 or more each. At least this news should drive up the price of this stock.
This stock is a keeper for many years from now.
Companies usually announce a week ahead of schedule; looks like maybe they want to drop a bomb on the shorts and also underestimated their forecast for the Quarter to easily beat it.