but i doubt there is anything here to follow for at least another year. The upside is just too far away and the downside will coincide w/the cash burn. Better opportunities await elsewhere. Really looks like 123 may not be happening at all, JMO.
Nothing new and no sense of urgency w/regard to 123. Already seeming to shift investor focus to other products. Little more than running in place?
sell it and take the tax loss. Buy it back in late January (over 31 days later). That is what everyone else is doing. Odds are very, very slim it will run away from you to the upside in the next 31 days.
Probably not done, more likely Zombie status as they still have over $2 cash per share and no debt. The warrants could eventually expire worthless, yes. But the stock could meander around the cash value per share, which would slowly (best case) erode over time. I would imagine the large institutional holders could move for dissolution of the company and a return of cash to shareholders if 123 is deemed commercially unviable. "Ouch, that shot hurts".
not the most brilliant move to announce a supply agreement and refuse to disclose the financial terms. makes it seem like a small deal.
probably covered yesterday. six million shares traded. only about 2.2 million shares were short. stock is down from nearly $6 a few months ago. smart traders don't get greedy. liquidity provided the opportunity to lock in a nice profit yesterday. remainder of year will be dominated by tax loss selling as stock is near 52-week low. could se a bounce after late january.
Just look at the history. You could see stock, preferred, converts, all sorts of equity vehicle possibilities accompanied by sweeteners (warrants). These guys have never met a dilutive equity offering they could say no to--no matter the price. Then the management compensation just sort of lives off the largesse of those who funded the offering--for years and years--until the next offering. Sometimes, often, they have to do a reverse split at some point just to maintain their listing and keep the gravy train chugging down the tracks. It's the way all Wall St. works for many microcap companies. The way you make money is not to invest in micro cap companies, but to start one up and run it.
and heavy cash burn. Whole new set of nag holders introduced to this one yesterday while the smart money took advantage of a nothing press release and dumped.
Must be more than 6 million shares that want out of this garbage. I bet the entire float turns over if you give everyone a chance to exit and start over and invest somewhere else.
No good earnings in store until the last half of the company's fiscal year beginning w/the March quarter which will be reported in early May. paying low until then but keeping powder dry. Will look to buy at $8.
per share, every freakin' time it hits that level. I think you could see a half million shares shorted near that level before the December quarter gets reported, looking to cover at $8. Just a guess but thinking a large player going short for a quick 20% return.
looks like someone is shorting it every time it hits $10. It's failed at that level several dozen times already over the last couple months.