It would be a different story if the company had zero dollars, tons of debt and very little intellectual property
This is a company that still has tens of millions, zero debt, hundreds of patents and keeps developing very interesting technology year after year after year. The shorts who think they standing on two legs don’t recognize the phantom one; one of these days Metabolix surprise them and then they’ll all be crying as their shorts fall over and burn.
Whoever invested a million dollars today might turn around and invest another million tomorrow. The shorts have over stayed their welcome so a squeeze could and should happen. It is a healthy part of any trading environment. Just like the capitulation that sent a few of the faithful here running the upcoming squeeze will be good for the stock. Let it be so……..
When the Motley Fool likes it... Their millions of foolish followers like it too.
The Motley Fool has been taking this up while talking DangDown.
I don't know if it's a formal rec or just one they've been considering.
Short attack doesn't fool everyone
This is a $20++ stock and long term much higher
Wait and see $$$$$
Just saying, don't be fooled again...
Sentiment: Strong Buy
You might be right about the 3D printing but if they are going to put efforts towards anything new then they need a partner to bankroll their efforts. This is the time to be aggressive about partnering with someone / anyone. The company is now in a death spiral and it's going to take a really good pilot to pull out of it. Eno is not the man for the job but he could partner with someone who is.
I love the idea of targeting the 3D printing space. They are already using a lot of plastics and each year they are going to us a lot more. If everyone could print products and automatically be able to include a biodegradable symbol on the body then it would be a real win for that industry.
The entire company needs to think smarter right now and find a way to save the day.
The funny thing about those 600 patents is “their products are very important to the long term health of the world”. Every water front property in the world should replace plastic goods with biodegradable plastics (including oceans, lakes, rivers, streams and ponds).
Today the world is giving a 26 Billion Dollar Valuation to tweets and not a single hoot to biodegradable sustainable materials. The board should befriend any of the new Twitter billionaires and who has an ounce of desire to improve the world we’re going to leave to our children. Metabolix’s products have a lot more worth than the pocket change that these millionaires now control. Put the company in the right hands and it would mean billions for someone.
FYI, Insiders should be showing their support right now. If they know that their company has more value than the market is currently giving it then they should be buying up shares hand over fist and showing the lambs here that there's reason to have faith...
BTW, Eno said nothing, did nothing and knows nothing (that's the impression we keep getting from the quarterly CCs). He is Sergeant Schultz of the CEO community and what we need right now is Colonel Hogan to come in and save the day.
That is what often needs to happen before a stock can move up. The lost sheep who follow a company from lofty highs to near zero finally give up, the shorts take advantage of their dump and finally cover, and the savvy investors swoop in and pick up the remaining value for pennies on the dollar. It’s clear that the will of many of the long term investors here is finally broken so now it’s time for capitulation to begin.
Re: "ATTEMPT is the key word. With MBLX's track record, it's very unlikely they will be able to get institutional investors to buy another $25 to $50 million of stock."
Agreed, but they probably could get another $5Mil from Jack Schuler if they agreed to put him on the board and remove the restrictions for how he votes his shares. The current market cap appears to be very close to what he has invested here (although I haven't done the math to be sure); a person with that much invested might double down at these levels provided they can see hope. We both know that products and the patents are worth much more than the company, but that value can't be unlocked unless the company falls into the right hands. Eno's hands are weak and appear to be worthless but Jack has connections. The board has a fiduciary responsibility to shareholders so they need to look for stronger hands and they need to announce a real partnership. Waiting for Antibioticos to complete a court case that could takes years is and always has been the wrong approach.
This stock could double overnight if Jack doubled down; it would be a sign to both retail and institutional investors that there's still something here worth investing in. Adding Jack to the board would also add confidence. I don't know why the board hasn't already done that; they clearly need help and Eno isn't the man.
They probably can't buy today below $20 but someone is definitely loading up.
Are you saying your shares will convert to something you can still trade? If so then today's drop is a bit of an overreaction because this already trades as a penny stock; a pink sheet stock will be no different.
The dividend channel has the ex-dividend on 10/24... That makes sense as anything purchased on or before 10/24 should be recorded by 10/28. It takes approximately four days for many transactions to fully clear.
Last quarter they reported it was still over 22%... If they choose to keep it at that level then it would be worth it to hold on here. Someone here suggested that Microsoft buy Zagg; that would make sense just to get Zagg's share of HzO. Of course, that's not the only reason to own Zagg.
Sentiment: Strong Buy
Forget Logitech, let Microsoft do it... They tried to buy logitech for many times it's current market cap and logitech turned them down (silly board)... Microsoft will pay a good price and will know the value of the HzO technology so they won't underbid the way Logitech would. This company has so many parts that could be very valuable to Microsoft.
Sentiment: Strong Buy
I love tonight’s SeekingAlpha press: Could a new responsiveness report be bad news for Apple? It turns out that Apple’s touch interface is nearly twice as responsive as anyone else. Of course this is good news for the 5S and the 5C but the reason it is bad news is because now their competitors know what they need to fix… ROFL, I suspect that their competitors have know for a very long time that Apple has a faster touch interface; the problem is the technology was basically invented by Apple and they own a ton of patents. You can bet that when their competitors come up with a better design then they’ll release it, but you can also bet that they’ve been working on it for quite awhile and still they haven’t caught or passed Apple. I have no doubt that they eventually will but by then millions will have a chance to explore Apple’s new OS and face it folks the OS is really Apple O’Secret to success. IMHO, IOS7 is a beautiful operating system and soon customers will be talking more about it than the size of their phone.
Sentiment: Strong Buy
Personally I've always been under the opinion that each insider should be rewarded options according to their ability to increase value for all shareholders. The fact that my investment sits deep underwater makes one wonder why anyone is being rewarded for such abysmal performance. Do we have a partner? When will we have positive earnings? Is anything being done to ensure that existing shareholders don’t lose everything? We have a company burning through cash while waiting for foreign courts to take ownership away from the owner of our partner? Hmm, are really going to keep waiting for a verdict? Did the marriage license say “til death do us part?”
Tonight I was looking for form 4’s while wondering about the lack of insider purchases. Personally if I had insider information, and I liked what I was seeing in my crystal ball, then I’d be buying hand over fist at these prices. The lack of recent insider activity makes one wonder “What’sssss uuuuuupppppp metabolix???”
Of course, that is what I was thinking until I read their SEC submissions:
7/22/2013 – Chief Operating Officer Johan van Walsem purchased 100,000 shares at $1.48 each
--------------- I applaud Johan for being the first insider to make a purchase this year.
6/6/2013 – Director Peter N Kellogg was granted 10,000 options with a strike price of $1.55
6/6/2013 – Director Jay Kouba was granted 25,000 options with a strike price of $1.55
6/6/2013 – Director Stephen J Large was granted 10,000 options with a strike price of $1.55
6/6/2013 – Director Celeste Beeks Mastin was granted 10,000 options with a strike price of $1.55
6/6/2013 – Director Anthony J Sinskey was granted 10,000 options with a strike price of $1.55
6/6/2013 – Director Robert L Van Nostrand was granted 10,000 options with a strike price of $1.55
6/6/2013 – Director Barbara H Wells was granted 10,000 options with a strike price of $1.55
6/6/2013 – Director Matthew Strobeck was granted 10,000 options with a strike price of $1.55
5/30/2013 – Officer Lynne H Brum was granted 40,000 options with a strike price of $1.69
5/30/2013 – Officer Sarah P Cecil was granted 40,000 options with a strike price of $1.69
5/30/2013 – Officer Joseph D Hill was granted 50,000 options with a strike price of $1.69
5/30/2013 – Officer Robert E Engle was granted 70,000 options with a strike price of $1.69
5/30/2013 – Officer Johan van Walsem was granted 70,000 options with a strike price of $1.69
5/30/2013 – Officer Oliver P Peoples was granted 70,000 options with a strike price of $1.69
5/30/2013 – CEO Richard P Eno was granted 100,000 options with a strike price of $1.69
Ahhh, now I know...