"out of the company's treasury"
For less confusion, for those who do not know what carl is stating, treasury means Treasury Stock on the company's Balance Sheet. On these Yahoo MBs, many people are calling them ATM shares.
The consensus for years has been that PSTI's proprietary research and patents is a successful winner.
That has not been translating to the stox price. The Founders have manipulated the stox price last year for their and other management's stox options profit. Other Biotrech mgmts do the same.
This year, there is something causing the price decline. The obvious explanation is the 2014 proxy increasing the float. It appears there will be a secondary.
Since the company has approximately 60 million cash and is selling ATM shares, which probably covers current expenses, the next obvious question is, why would the company need to do a 2014 secondary? I can only think the company is going fund one or more FDA trials for whatever indications.
There should have been a decent price increase this week from the NIH PR. Instead the price declined. Something is causing this price decline and preventing it from increasing.
We have all read allo's repetitve msgs that ALL FUTURE FDA trial funding will be with a partner.
PSTI does not need to EVER fund another FDA trial. Then why does PSTI want to double(?) the float? What would PSTI do with that money?
Allo immediately answers everyone's message, thereby burying everyone's post. Allo dominates this MB. Allo writes as though allo always knows the answer and is never wrong! Now allo is writing about the entire stox market as though allo is "the expert".
Allo is not PSTI. Allo is someone who has become obsessed with this MB and acts as a BULLY.
Eventually there will be a blockbuster FDA announcement. Then nothing will be able to suppress the price.
Everyone should think for themselves
Yesterday, July 14, there was a Yahoo post that PSTI rejected a buyout proposal.
In the premkt, the PPS increased around .20.as a direct consequence.
Apparently, others are unable to locate and confirm that information.
Today, the PPS erodes as a consequence.
Anyone can write an article about PSTI or any other stox and submit it to Motley Fool, Seeking Alpha, The Street, etc, and now the Yahoo MB and foolish people act upon the author's OPINION and buy or sell making the price temporarily go up or down.
These released articles enable some people, who act fast enough, to profit with the up or down price movement
BDCs & REITs pay a "special" or extra dividend once or twice a year so they can conform to the 90% payout rule. They do not want to commit to permanently increasing their normal dividend because their income may not consistently be sufficient to support the increased dividend long term. They do not want to increase their dividend only in the next year reducing their dividend. So this is a simple technique to conform to the 90% and keep everyone satisfied with the regularity of their finances.
He is using a company that uses the colors of street traffic lights.
Green would indicate a healthy, sound company, that should be bot.
I think it is directly correlated with a 2014 secondary.
The price declined before the issuance of the proxy and hasn't stopped.
This is a common price behavior of a stox that will be issuing a secondary.
Allo says the company has / had 60 million cash and has been issuing ATM shares.
Therefore, the company does not to do a secondary and will not.
The answer is simple. If PSTI did not need money in 2014, then it would not have had a proxy vote in 2014 to increase the float. The company would issue a proxy vote in 2015 or thereafter.
The insiders know when it is going to happen, so they received free stox and sold.
The price is declining to approximately the secondary issuance price or just below it.
There are three counter forces affecting the PPS:
The prospective issuance of a secondary.
Insider selling, affecting confidence.
Recent physical attacks.
What is there to be prescient about?
I think it was March, I posted a msg stating that PSTI's PPS was behaving like a stock that was going to issue a secondary.
After that, the company issues in it's proxy a vote to increase the float.
Then I left another msg stating the vote would pass, and that the PPS would decline below 3.00 / sh.
Allo answered that the company has cash plus it has been selling via ATM method.
You answered one of my msgs telling me I should look at the income stmt. I am intimately familiar with an Income Statement and a Balance Sheet.
Anyone with a functioning brain and minimal stox experience could have stated my projection when I did at the two different times I did.
In 2008, I called PSTI investor relations and asked these questions about physical attacks, including nuclear, and what would happen to the company.
The answer then was that PSTI's proprietary technology was located in multiple countries where research was being performed with it, such as Israel, Germany and the United States. The company would continue with no effect.
Since then, this proprietary technology is located and being researched in many more countries, such as South Korea, Japan, India, and others. I don't know all of the countries, including ones where research is conducted illegally, or without agreement with PSTI.
The actual physical damage to the company would occur in Haifa at the company's research and production facility, and if any of the research and management personnel were injured or killed in an attack.
No, I have never read that PSEC or Tesla are the "bestest".
I learned good, better, best.
I see the same nonsense about Cramer on other Yahoo MB.
Didn't you learn in grade school that books and printed articles have an author?
Cramer did not write 3 Sell Rated Stocks. Tiffany Tseng wrote the article. Then the same article by Tiffany Tseng was rereleased on June 9, June 18, June 27. On May 28 she changed one of the stocks, ARP instead of SDLP. You can still see these PRs on Yahoo's ARR screen with the other PRs.
Since it is on Cramer's website, he must be approving it. However, I remember another article on his website, I don't remember the author, maybe March, that article was stating ARR was a buy.
This article is not a contraindicator.
It is one person's opinion, who is being paid for writing a finance article.
light, why don't you write an ARR article and ask Cramer, Seeking Alpha, or Motley Fool to publish it.
I think the BV discount is not relevant with the Founders.
What is relevant to them is:
Get ii functioning at a higher level. Next year IR will be higher.
Then as with ORC, a higher mgmt fee enacts when a minimum $ is met. I don't know if that is the same with OAKS.
Who are the Founders? What other REITS have they started or participated in?
They will be returning to the underwriters regularly. So the time to buy, as it is with long term established REITS, BDCS, is during the secondary. The Russell eviction will not happen again.
I think the 10.94 is what OAKS receives after the underwriting fee.
As for dilution, it is not material.
Both FULL and OAKS each have 10 million float. They are both newbies that will be issuing secondaries, maybe more than one / year, regularly.
You can never overcome another's prejudices and illogic with your logic.
One decides what one is going to do with his / her life and then acts upon the decision(s).
Everyone in this country is precisely where he / she decided and planned their life. This includes people fired or laid off. Years ago, I decided to make myself stronger to insulate myself from the stupidity and games of supervisors and managers and possible firing or layoff.
Being stronger is not physical strength.
It is financial, emotional, and mental strength.
Financial strength means NO ONE can do anything to you but physically injure you. It has no effect upon you.
Emotional strength means you don't collapse when confronted with stressful situations. You are increasing your tolerance level and stamina.
Mental strength is making better and faster good decisions vs bad decisions.
I see so many good opportunities to buy for income or for short / long term trades that I can't buy them all. It has always been this way. One sees what one decides to see.
This is why the SEC was created.
And why the SEC created the rule that ALL PUBLIC companies must issue quarterly statements, for disclosure. Then the FSB, Financial Standards Board, and other accounting organizations constantly revise, amend, create more GAAP, Generaly Accepted Accounting Principles, requirements. So that there is more DISCLOSURE in the statements and the report.
Then if the public company does not issue properly AUDITED and timely financial statements and reports, the listing stock exchange can suspend trading in that companies stock until it is in compliance.
You need more education and experience.