Boy the volume is so so pathetic! 1,700 shares in the first 20 minutes of trading. No one gives a flying flip about these puff PRs the company keeps releasing.
And whatever happened with that whole "the company is up for sale" thing? Not a peep from anyone since that broke over a month ago. Does anyone disagree that that was just a plant for someone to unload?
Makes you wonder why if this has so much value and BP will be swarming to buy it at 20-30, and there is a decent likelihood of that happening, why in the world this would be trading at $1.42. Clearly people who matter, ie investors, don't believe what you are dishing out.
$200m is peanuts..haha...are you also part of the group that says $30 a share will be peanuts eventually?
JZ sure has brainwashed a lot of people with his hubris and greed. Despite what "not a penny under $30!" has done to this stock, people still go with it, failing to learn from past mistakes.
By Q2 2016 they will be sitting on about $30m in cash, with $200m in debt, and if they are really really lucky running at breakeven. Scripts will not be 25k by 2016, it will take several years to get to that level. It took 2 years to get to 10k, it's going to take at least that much time to double to 20k. So they are still running at a loss, with $30m in cash and $200m in debt.
Yeah, huge offers will come flooding in.
They aren't fighting with it at $1 so why would they at a much higher price? If they even thought there was a 10-20% chance of Reduce-It being stopped at interim, they would be making a push to get this now.
No one is trying to buy this company right now. Not one BP is interested. And apparently, in your mind, $30 is around the corner, yet no offers have come in at $1. Yeah, makes sense.
Hard to say. It will still take a year or two to get potential approval, so the cash flow issues won't go away overnight. If they want to sell the company, they will be negotiating from a position of extreme weakness and basically looking for a bailout. So they will NOT get top dollar or anything like that cause of the desperation. Their cash will be on fumes at best. $5-$10 a share would be pretty optimistic.
All investors better hope it's stopped at Interim. The ENTIRE company rests on it being stopped at interim. If it is not stopped, this goes to 5 cents and the company is toast and bankrupt. So if you don't think it's gonna be stopped, you should NOT invest in this.
Clearly this isn't surprising, as it happens time and time again.
The amount of money this man takes from shareholders is utterly DISGUSTING, and anyone that supports him in this is just as guilty as he is. Rajesh Shrotriya is without doubt a white collar criminal. And the funny part is that no one can do anything about it!!
Good luck to people like Tartia. Hitching your wagon to such a star and refusing to change your mind is so so dangerous.
Newbies, do not buy into the initial post. SPPI is not a stock you want to be in. There are thousands of stocks out there, this is NOT one to buy.
If you think a stock is going up, then it's Bad. Always always bad. Why would dilution at $1.50 a share be good when this is supposedly headed to double digits to the moon? Since this is going to the moon, they can dilute later once it skyrockets, no?
There is no argument that this would be good. According to longs this company does not have a cash flow problem, so they don't need the cash.
Go over and read some funny stuff. Just saw one guy say when Anchor is approved AMRN will do 20b a year in revenue and have a 100b market cap. And that the $30 price target is just peanuts.
The delusion is quite spectacular. One person even said one day we might be happy that management has been so greedy.
Blackrock has like 5 or 6 different entities. Yes, I noticed that. It wasn't enough shares to make the top movers. I only included the Top 6 either way. There are many more that bought or sold 100k or more.
I consider Institutions to be the standard definition of Institutions used by the investment community. These are those required to file a 13F. Just because some small group owns a ton of shares does not make them an Institution.
Ok so including Castle Union and Ronald Chez, you get 70%. Not including them is like 60%. Either way, it doesn't change that Institutions are giving up.
I only included the institutions who are required to file a Form 13F each quarter. These are the institutions you will find on any institutional holdings site and the ones included in institutional ownership %s. I believe in order to be required to file a 13F each quarter, which reports your holdings, you need $100m in assets.
Even including Castle Union I think you still get around 65% ownership. If you do not include them it's closer to around 60%. The main site I use (j3sg) has it at 70%, but that still includes the Archon position and it does not include Castle Union....so roughly 70 - 10 + 5 = 65%.
It's around 65% at this point, a severe decrease from where it was just a few quarters ago. Here are the big moves during the 4th quarter:
Cannell Capital: +311,947
Sessa Capital: +175,000
Marathon Capital: +153,157
Alyeska Investment: +152,419
Elk Creek Partners: +147,138
Archon Capital: -2,015,042
Blackrock Fund Advisors: -507,977
Carlson Capital: -413,400
First Washington: -261,425
Harvey Capital: -221,100
As you can see there were a lot more huge sells than buys.
You are wrong on your Marathon figures. There appears to be various group that have Marathon in it's name.
Marathon Asset Management is the one with $12.5b. They do NOT own PKT.
The one that owns PKT is Marathon Capital Management, which is a different group. Marathon Capital Management is the one that owes PKT, and they appear to be a two person shop. Total investments per their most recent 13F is around $110m. Nowhere near $12.5b.
Get your facts straight.