and SHOOT THEM IMMEDIATELY!
After such weilding control and using manipulation and deciet which gave them sufficient time to effectively milk the company dry time after time... they've Stolen Every Stinkin Shareholder Dollar... They've NEVER DELIVERED ANYTHING of sufficient value what-so-ever.... so at this point in time they Need ALL BE EXECUTED by A FIRING SQUAD IMMEDIATELY!
A reverse split... then a humongous Off-The-Charts 3-4 times current outstanding share $150 MM offering, then they decide to cut the $150 MM offering in HALF this morning to $80 MM, then after the market closed for the day they decide to drop the entire offering altogether... and one wonders why this all is going on.... it's simple manipulation, criminal intent and criminal behavior.... what a total crock of BS to do to their investors.
Sentiment: Strong Sell
Actually upon re-reading the press release I now realized that I mistook several important details which make this deal considerably BETTER for Resverlogix....
" Under the license between Resverlogix and Hepalink, should RVX-208 reach certain annual sales milestones ranging from 500 million renminbi ("RMB") to RMB 10 billion , Resverlogix is eligible to receive sales-based milestone payments from Hepalink, each ranging from US$5 million to US$90 million . In addition, Hepalink shall pay royalties based on net sales. Total sales based milestones and royalty payments are estimated in excess of US$400 million . The license shall expire on a region-by-region basis on the later of the 15th anniversary of the first commercial sale in such region or the expiry date of the last-to-expire of any licensed patent.
Hepalink will be responsible for all clinical and development costs in the Territories, including a patient population that will be included in Resverlogix's planned Phase 3 BETonMACE trial. "
Sentiment: Strong Buy
Tthis deal was not very well recieved as shares have clearly plummeted ever since the press release, and my call to the company has since gone unanswered. So it now seems they've sold us out by pricing this deal way too low... and by offering/selling RVX-208 product at 10% above it's manufacturing costs is simply ridiculous. Along with that the small amount for milestone and royalty payments doesn't jive for such a supposed super product such that RVX-208 was made out to be. By assuming it all goes well there's a total of only $400M Cdn Max. from the entire deal... and that's over a 15 year period. That again is not so amazing for the little Joe Common, Shareholder who bought shares and now holds-on while the manipulation around this deal and other unknown events, etc. we're not made privey to continues. The price of this stock has been cut by 1/3 in about one month.. This is why in my book Resverlogix Executives incl. Don McCaffrey are guilty as charged for diminishing our prospects as shareholders as they have begun to sell us out from under the table. The perception and potential which RVX-208 can deliver has really not diminished, in fact it has rather intensified after the near death recovery from such disappointment two years back. However going with a Chinese entity one must always consider counting their fingers & toes going in, because it's so chock full of liars & thieves.... who at home are made out to be Hero's because by hook or #$%$ they took the money. These chinese criminals ply their wares and serve destruction felt by many individuals/groups in the Americas as well as in other Countries. These Characters lack a moral compass as they mercilessly hurt and slaughter most anyone who buys into their self-serving Bs and outright lies.
If Anthony Hayes is thinking and/or doing such then he's as guilty as any criminal. Sure hope that 's not the case and he's legitimately working hard to protect and monetize the IP for all shareholders.
what are you referring to, selling what specific assets?
several in management (and also some of those who proceeded them) should be shot for what they've done with this company. Lucky for them they're in No. America, but even then, they may find themselves in trouble.
that maybe somewhat generous.... it's so sad such a horror for nearly everyone long that is... except of course management who have pulled out huge salaries while drastically underperforming... and shorts, who have also taken out all the longs money as it dives to all time lows.
I read your post earllier this afternoon and said BS... But you're actually right.... Maybe not Chapter 11, but not much different as 0.30 maybe considered not bad after all the damage this management has done.
They did an offering for $1.12 in February...
" DENVER, CO--(Marketwired - February 11, 2015) - Emerald Oil, Inc. (NYSE MKT: EOX) ("Emerald" or the "Company") announced today that it has completed the sale of 24,553,571 shares of its common stock. All shares of common stock were sold to the public at an offering price of $1.12 per share. The resulting net proceeds to the Company, after deducting underwriting discounts, commissions and other expenses, were approximately $26.0 million. The Company intends to use the net proceeds from this offering for working capital and for general corporate purposes. "
Horrible Dilution... These people should be castrated like investors have been then shot on sight..
This will nearly triple the amount outstanding shares, before the R/S takes it's negitive toll.... HORRIBLE.
Sentiment: Strong Sell
Sol, You seem so certain of your conviction that you went short the entire house incl. the kitchen sink, right? Other than your collective reads of SA and your other insights, how can you be bsolutely sure the Venezula assets held by HNR cannot be sold to extract just and fair value ?
they are indeed criminals to do what they've done to this company, misled investors up and down the line... all the while pilaging the company money for themselves. They've stolen my money and yours too. They should be brought up on charges but showing this without any unreasonable doubt maybe difficult if not impossible. This is how they get away with this sort of stuff.... It's so easy for them it's like taking candy from a baby... it's absoulutely wrong in nature but no one will be brought whole fighting this so it's better left alone for now IMHO. ....BTW do you know what the upcoming reverse split ratio is?
There is absolutely no reason to believe these corrupted management will do anything but continue to destroy everything in their wake as far as shareholder value is concerned. My cost is at 2.88 and it's now trading at $0.42... that's 85% down.... it would need to septuple to get back to even... Today alone it's Down 10.54% .... Just Pathetic.
MagicJack is a promo type company.... both the free and paid competition is fierce... so without an effective marketing spend these competitors will soon be eating Jacks lunch
The compnay loses money... so until either profitable, merged, or bought out, if this losing financial situation continues the debt accumulates and you'll eventually lose too. Share float means little other than volitility, illiquidy, and poss. short squeeze... IMO if other than a trade, it's Better to Be Wise, Not Greedy.
These greedy LLSB's have milked nearly everything from this cow at the expense of shareholders... and they still want more for they're some really greedy S.O.B's. There is little to no doubt other than a buyout or merger, that that will become a huge bust and a notation in the annuals of history along with other overhyped and overpriced garbage. Just one look at how Management and the other big boyz have milked this cow can make one's eyes pop out as they #$%$ and throw-up all over themselves knowing their good hard-earned investment $ is going into the hands of such a worthy crew....NOT!!!