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Seattle Genetics, Inc. Message Board

pokeyman3 3 posts  |  Last Activity: Aug 10, 2015 11:52 AM Member since: Apr 8, 1999
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  • pokeyman3 pokeyman3 Aug 10, 2015 11:52 AM Flag

    HP has money, but their printers are not good. Wouldn't bet on 3D printers from HP. Stick with PRLB for the long run.

  • Reply to

    It is viewed as value stock now

    by high_tech_2000 Jul 30, 2015 12:48 PM
    pokeyman3 pokeyman3 Jul 30, 2015 2:36 PM Flag

    That's about right. the old RFMD could hardly ever put 2 good quarters together. It's a great company if you're in management and get options and pay raises regardless. but the management does nothing for shareholders. Fortunately, I bought at IPO and got out after 3 splits years ago. still have 100 shares and it should be worth a good meal for the family after a few more management screw ups.

    I probably should ditch it and buy BAC or PLPM.

  • pokeyman3 pokeyman3 Jul 3, 2015 8:12 AM Flag

    Look at the history of this "public company". They've changed their name from a gold outfit, to a future-/ oriented health outfit to an augumented realty outfit. they market the name and then cash in on fluff press releases. Each time money flows in and it is pocketed. Maybe they'll switch to autonomous car software company next!! VUZI was the play in the early stages of AR. They are actually a company.

    See a portion of their latest filing below:

    We need to raise additional operating capital on an immediate basis. Management believes that current cash resources, will allow us to meet current working capital requirements through October 2015. However, without additional sources of cash and/or the deferral, reduction, or elimination of significant planned expenditures, the Company will not have the cash resources to remain as a going concern thereafter. Except for the $3,750,000 million commitment to purchase Series B Preferred Stock (as discussed), which is subject to our stockholders approving an increase in our authorized share capital, we have no commitments for any such funding, and there are no assurances that additional sources of liquidity can be obtained on terms acceptable to the Company, or at all. If the Company is unable to obtain adequate financing or financing on terms satisfactory to the Company, the Company will not have the cash resources to continue as a going concern after October 2015. These conditions raise substantial doubt about our ability to continue as a going concern.

    Sentiment: Sell

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