what a mess. qtrly in may should be worst of it and low for stock. $1.25 may be a fair price to get back in after they get this disaster over with. still have faith the new streamlined approach will eventually work but not using other company's product.
that happened quicker than I thought. did not pull the trigger to buy yet- where are the decent bids? at this level if I see a 50k bid I am back in,
What this move tells me is that management had a plan that was streamlined and heading to breaking even but antibiotico was a gamble that did not pay off. It will cost the company and stock should go back to $1.5 but they still can make this company profitable as don't need much to achieve that. I am back in at $1.5 or first 200k bid I see.
does mgt deserve more options after the antibioticos flop? If this stock finally turns it on they have piled up the options in the last year. maybe helping to conserve cash by cutting salary. I say mgt cost shareholders 6 months of cash burn with tthat move and with only 12 months left that is not a small thing. still have hope once they get production figured out and will get back in with first 100k bid i see.
I still think jump over $2 was due to short covering if you can believe short daily volum of 50-80% and a DECREASE in short volume during last reporting period. Good news is short volume is still over 4 mill bad news is that I think the short covering is done. If pulls back maybe institutional will start buying as they didd in dec.
are you still seeing large blocks? I just don't trust this volume. Jump up or down 10% of 5k. If I see a 100k bid I will jump.
With meeting next week and rumors all over the place how can it be so low? I would think that since it just doubled it would pull back more if there was bad news so i am sticking with positive news about to hit.
i am still in don't get your panties..... just sold 1/2 - the shares i bought at $1.25 (when i went way way past my limit as it was my 2nd double down)
another 5k after hours? nervous that being maniulated up this time but I agree that as long as no one is selling it seems like only up from here.
short interest should jump more than last drop but if not then it was a short covering at the expense of a short that had to add. If good news hits at qtrly meeting could go to 4. But volume is a little light as I would like some word would get leaked at some point.
I am glad pulled back from big drop in am. If there wasn't someone still interested in adding MBLX it could have been pushed down 10% today. I guess we will hear what has been going on soon. Shorts get ready to cover.