Nice find and it reinforces the need for Missling to publish the data that he's been screwing around with for six months before it actually becomes "ho-hum" in the eyes of the street.
If you have streaming time & sales, watch the 2,5,10, 20 share trades at the bid that immediately follow a decent buy at the ask. MM's are playing with the price simply because they can get away with it. Volume will come in this afternoon after the MM's grab enough inventory. This will go on until Missling finally releases the data that the market and th FDA have waited far too long for.
They have had the raw data since January and Missling, by not releasing the data, is part of the underlying problem. There is no way that the PK/PD results are not known by now and the bashers and spreaders of FUD are being assisted by the lack of data. They proclaim that the data is bad etc etc etc and Missling, by insisting that the data will be released at a "major" scientific conference, is their best friend. Many of the CEO's in the small biotech arena think that they are geniuses and are the holders of a "secret sauce" when, in actuality they should be thinking of their shareholders. A great investor, Jesse Livermore, said it correctly when he stated that "if you decide to be a public company, your most important product is your share price."
Missling is simply fading into mediocrity with the lack of data and all of the emails from IR with their standard "when the data is ready" line are simply BS.
early November. Add 7 weeks to that, allow for compilation you get a logical date of raw data being furnished in January. Add processing and data should have been ready in February. Even if they used an abacus instead of computers, there's no logical excuse for the data not being released unless it is bad or management is incompetent. Even if there is a possible partnership in play, Missling is screwing with shareholders money and is decimating the PPS. The board should demand data or fire him.
The raw data was available in January. Five weeks plus two months. There is no excuse for the delay except that Missling want to "impress his peers" instead of considering his shareholders.
Waste of time. I've sent multiple emails and their answer is nothing but pr thank you drivel. Missing has had the raw data since January and to take almost six months to compile the data is ridiculous. His sandbagging is the best assist that shorts could ask for. Yesterday was a perfect example of at least one institution throwing in the towel with Misslings antics.
1. They are not presenting at the AAIC conference, they are simply attending. Please look at the AAIC calendar posted last Friday. They are not embargoed.
2. I'm most likely a lot longer in this stock than you are but I'm fed up with Missling sand bagging the results
It's not a matter of a scam, it's simply ineptitude when it comes to producing data. There's not one analyst who will venture an opinion until Missling stops screwing around with the data. His desire to impress his "peers" is far stronger than his desire to take care of his shareholders.
any semblance of credibility with the street. Twenty weeks to do a compilation of data that he received in January is ridiculous! What some people are calling "accumulation" is nothing but low volume, lack of interest and some day traders playing for pennies.
If the science is good, the objective should be to get it out to the public as soon as it's verified and the current foot dragging by management is being discussed as possible evidence that the results are less than stellar. It's time for Missling to start acting like the CEO of a public company and release the results, whatever they may be.
Actually, Block has probably been out of his short on NQ for quite some time since he is a "hit and run" type of short seller. Apple is most likely working for one of the hedge funds who are short NQ. Since he's probably paid by the reply, the best move is to nerve reply to his lies. I've had him on ignore for over a year and I noticed this morning that when I clicked on the MB, I had bunches of ignored posts from last night. Apple must have been assigned some overtime. Ignore is one of the best features on Yahoo.
Sandler may be right simply because the company got the raw data 19 weeks ago and compiling the data, in no way takes 4.7 months. the data is either less than stellar or Missling is playing the ego game by wanting to wait for a major conference "of his peers" to unveil it. He's sending a signal to the street that shareholders are not a priority in his mind.