a stock will never go up that way... short this pig!
At 1.05, you expect it go down and short? Good luck with that. Give them some time for revenues and income. You are overreacting. Summer is here, a vacation will be nice.
would like a "procedures completed" update as so I know how
to direct my investment dollars.
I dont want to know how many procedures completed, but how much net income they made.
Whenever they need ATM money, they shock us, sell into ATM. Lather, Rinse, repeat, he he., But I have two year timeline for this one. I have'nt even seen revenue to make a decision to hold or sell. But now, I am long for atleast two years.
Now the stock is at 1.11, what would it take for you to sell and be happy?
My price is $10+ and above, but first sell will be at $10 to take my initial investment out.
It is for investor. You are giving up even before they announced their revenues. You held the stock with no revenues so far.
Just want tell you this story in case.....
For months upon months this man went about prospecting for gold in the hills. Somehow he just knew that he would strike gold.
Everyday he got up early in the morning and walked to the hills in search of his "fortune". He dug and dug with his simple tools. He found some gold here and there. But never anything to write home about.
The story goes that he finally gave up digging because he was convinced that he could not find the "mother load" he was searching for.
Hearing this, another prospector came to him and offered to buy all his tools. The man agreed and sold all his tools for whatever money he could get for them.
This prospector then went on to hire a land surveyor, an engineer and geologist, all whom combined their knowledge and went to work on the mine where the first man had been digging without results.
It is told that upon studying the area and the mine, the men discovered that the first man had been literally three feet from where the real gold deposit was. Literally 3 FEET! The poor prospector who had given up was so close to the gold, he could reach out and touch it. But there was no way he could know this because he gave up too soon, and he did not have the proper tools for the job.
When he heard about the discovery, the man could do nothing but wonder what might have been.
From technical analysis point of view, the stock price is creating higher lows everyday which has parabolic pattern. If this continues few more sessions, we may get a big gap up.
They went IPO too soon only with a concept. Investors bought that idea and drove up the price to $60. Later it was all smoke and mirror for them and they sold. But the company lost the credibility even though they did progress on VBLOC and got the product FDA approved. Now the investors think twice to invest in this company because of the credibility of the managment. Only catalyst is either sales or partnerships, or buyout will drive the price. Add insult to injury, whenever the stock tries to run, company sabotages it by doing ATM. Go figure...
They could have waited for stock go up say $2.50 to $3 and do a secondary offer for $2 or more with warrants. Instead of waiting, they got greedy and killed the goose.