That's a pretty small purchase, I don't think any red flags would be raised if he holds them. As far as P2, I believe he stated that he was looking for the right venue to present the results. Sounds rather confident to me that he still expects great results. That purchase was for us.
Real pity. I trusted management and what they indicated to shareholders but knew what he was doing and to whom when they issued the RS mandate. Knew what was going to happen and sold one third. I intend to buy back, but this is early in this cycle and the direction is where Dr. Kim wanted it to go. I stated before that he was done with retail, he has used us to his advantage and now it is time to move on and got taken to the wood shed by some of the die hard longs. It is the price of growth unfortunately, and even if it is painful for Dr. Kim, he has 12M shares (at least) to think about. Dr. Kim and the BOD are looking out for their shares because they know what is coming. If you got in at under a buck you will be able to withstand the onslaught we will see over the next month. If you got in around 2 bucks you are taking money off and looking to buy back later. That hang on to your shares nonsense is only for the penny buyers. INO will be a great company and worth a lot for those who can adjust. Good trading folks.
Nobody pays any attention to these details. They get them from you and me. I love to hear the folks here saying the shorting will be over now that we have a better class of investor, BS. These guys will reallly go to work now. This ain't over till they are sated and many of us are gone. Great point though, at least some of us retail are thinking.
Holding this and soo much has changed and yet nothing has changed. The long awaited lasers are plentiful and here we are still issuing shares and guaranteeing salaries with nothing in the form of revenue or signed contracts producing revenue announced. Lots of names have been mentioned in that time and probably a lot more to come. Hope the nitwit manages to snare one, just one.
My feeling is that the perfect storm as you say is the execution of a perfect plan by the bankers. Kim jumped in bed with the big money and they are now in control. This is well done orchestrated plan to rid the company of retail, and they stated so in the filing. We can't be that dense. The new owners want more and they want it at the best price they can get, just like anybldy else. We will go lower until they are satisfied and they shake all the shares from the very small investors. Company has no choice but to support the new money.
I've been saying that for two weeks. Nobody knows what pps he is lookinig for with this RS junk, and it looks like an easy way to pick up another 100 to 150M by issuing another 10 to 15M shares. He might of graduated from Wharton, but he learned this on the docks of the Delaware River. This is teamster financing. If they are successful and take the pps under two bucks by next month a 1 for 4 won't make $8. Take a 25% drop after the RS and you are sitting at $6.60 or so and haven't gained anything but reduced the retail side of the house. Good P2 would of done exactly the same thing. Of course nobody will know until the 22nd of May just where the pps will stand and we won't know the real impact until after the RS and P2 results. He is trying to catch the wind as we make this big turn and start heading for the summit. Hope his sails are fully deployed.
I have a ton of cash but all my investments here were made on "First and Goal" in 2010, and " shipping to first of 3 OEM's" and "NO gating issues", and "Walk the talk" in 2012 from the ASM. In other workds, BEEN THERE, DONE THAT, one too many times. So in answer to your question, yes I listened to othe same CC you did. And last year at the ASM I distinctly heard "at least one and maybe two more signings by the end of the year''". Do you see a patern here, maybe a patern of spending our money on his salary and producing nothing. Not ready to spend another dime until he produces something more than promises. Sorry to rain on your parade.
I think we will see a news barrage from INO after the RS to combat the expected drop in pps that usually accompanies an RS. We will have big tutes entering and they want a good price. Dr. Kim has played ball with them and did their bidding, but I think propping up the pps near $10 to issue more shares is most important. Kim wants to grab at least another $100M off this deal and will have to fight the tutes shorting. This is going to be very interesting in the next few weeks.
It is the investors like you they are after. A rotten shame to support this company in its infancy with all the risk and then have the CEO turn his back. Price of growing up. I knew what would happen when they announced the darn thing and I didn't sell because so many things are coming up I hesitated and now I am furious at myself. Sold a third just over $3 and I'm still angry as he11. I don't think they had any idea this would be this bad, ego got in the way. I would be happy to hold $ 2 over the next month, but doubt that will happen. Good luck.
I don't think anyone has lost faith in INO, I think they have lost faith in Dr. Kim. If you did your dd before investing here and took time to read the Home Page and view the management team and the Advisory Board and viewed the videos you would of come to the conclusion that they were shareholder friendly, in as much as he stated that we had enough cash to 2016 and he wanted to grow the company organically. That all changed in the space of 60 days with the issuance of a shelf offering and followed by a proposed RS. New investors have to feel ripped off. This is just the opposite of what was on the video presentations. New investors now have to grapple with what has happened and decide if Dr. Kim is trustworthy and they can believe in what he is saying and if the buyers of the shelf are controling the company at this point. A lot to throw at new investors in the $2.50 to $3.50 range. You can see that INO was being noticed and that Dr. Kim was all over promoting the company and its many candidates and was being noticed. It appears now that he was pumping for this offering and the RS because now the company has fallen silent. Lot of news and things pending and it all will be sorted out, but you have to understand where the new retail investors are at. I think most will sell and wait for the RS and P2 before they test the waters again. JMHO
I totally agree, however with the expansion and hiring taking place I think they aretrying to take advantage of the expected news to propel this much higher. As a CEO you know you see things differently when a company is growing very fast and shareholders are not your primary concern (too bad). The company comes first and this is apparently what he thinks is best, I don't.
I think we should get a campaign going to email the BOD. I am voting no to everything, but it will be a pointless gesture without support. Every year we hear of the products shown at ASM and nothing advances. I would much rather have a fraction of my shares in an APPL or some other cash rich company then have Tokman holding us hostage for years. No credibility, no revenues, no updates, no timelines, no products.....enough is enough. We can't develop the tech because we are broke and living hand to mouth. Since we have to depend on big money for survival, I would welcome a sale to a cash rich company to take the tech to the finishline. This endless negotiation ploy has gotten old along with the endless dillution and RS's, with little or no information for shareholders.
I watch the longs who haven't been here as long as a lot of us and remember the enthusiasm we had back in 2010 and know how they feel. Accumulate while you can under $5 has been going on for a long, long time and those investments are basically worthless now. Tokmans excitement has deteriorated to almost embarrassment when I listen to the CC's now. He doesn't know what to say any more and stumbles and grops trying to answer "good question" put to him. I'm still looking for the one or two more customers he wanted in 2013. HE either lies constantly or just doesn't know what is wrong or how to fix it. Enough pressure on the BOD may force him to step up his game and use whatever is left in his tank to save his job. VOR is where a lot of us were back in 2009, and 2010 and I wish him better luck than we have had. Time is something we are short of as far as more dilution and suppoorting the pps and delisting raises its ugly head again. Time to take a closer look at the management here. JMHO
Why does the BOD allow this to continue? Certainly they have a responibiity to shareholders to protect them from the Tokman's out there. This has been a 10 year silence. The company has never supported the small investors here.
That was the ticket tinman, I only sold a third and wish I had moved it all. The longer they let this hang out there the volitility will continue.
The streeet doesn't seem to think so. Maybe it has something to do with all the dillution and pending dilution. Maybe it has somehting to do with Dr. Kim and double talk about organically growing the company and then reversing course. With all we have going we should have momentum, and we did until things changed. What should be and what is seem to be out of line. Has the RS and dilution changed this from a rocket launch to a 2 year crawl? What did he mean by 2014 dwarfing 2013? Could it be he was refering to the pipeline and not the pps? Only time will tell. Nothing has changed as far as trial data or trials being initiated so the only thing I see different is dilution and the RS.
A lot of us are still here even though Kim changed the game plan on us. A lot of us are gone and waiting to buy back when Kim's new bosses are finished beating the heii out of us, and a lot of us left because Kim betrayed us and changed course. DD said "grow organically" meaning protection for the shareholders against dilution with cash to go a few years and partners waiting in the wings. DD told us this was a shareholder friendly commpany and now we see a shelf offering and an RS that wasn't here in March. A lot of us are shocked at the drop in market cap over what looks to be a minimal advance in pps to satisfy a few big players at the expense of the little buyers that supported this start up with small purchases weekly or monthly whenever a few extra bucks were found. A lot us are now looking at what an RS is capable of doing in the hands of big players who aren't nearly done with us yet. Those of us who can afford to wait it out will and those who aren't as fully funded as the rest will be gone and never realize the dream Dr.Kim painted for them because the just can't afford the new friends Dr. Kim has cultivated. DD? You don't think we all did DD because many of us feel that now that Dr. Kim has an ego problem, and wants to grow fast now and organically is no longer the buzz word. DD was done by every one of us, we just missed all the small print.
I posted the same thing when the proxy came out and I got reamed for it. They are taking our shares, 4 and giving us one and issuing themselves our shares down the road for a good job.My beef with these Rs's is that the same thing happens over and over with all companies and the retail guys and gals get the biill. It isn't bad enough that retail funds these startups and takes all the risk with smalll purchases weekly or monthly as they can, but when we reaach the threshold of paying off, like P2 results will do, management decides it is time to take shares back and make the company much better. I am voting NO. It won't matter much as I think they have the vote locked up, but it stinks to do it now. Yes, I know, a stronger company that can better with stand a failed P2, and get rid of a lot of retail holders who flip for nickles. I get it. And Dr. Kim is going to give it to me again. Timing of this stinks. A lot of investors upped their position as P2 was their focus and now all the recent buys are underwater and taking a bite. You early buyers will withstand the onslaught of the big funds after your sharers, but the newbies are the ones that will take the brunt of this. Great science, great management, but greedy.
Never knew Piper Jaffrey to do anything but issue shares. Wouldn't be surprised to see the RS finalized and an issue of an additional 10M shares. Kim knows what he wants in his hand and they are going to tell him how to get it. JMHO.