It's not like management at the top has no acumen for business. They have done a wonderfully successful campaign of taking money out of investor bank accounts and applied it to their own personal bank accounts. For them that is being successful even as the company tanks at the investors expense. Played well management team. If it ain't broke why fix it is their motto.
These guys are so transparent it never ends but with the same results. Somehow these low level managers and their advisors think they can manipulate the SP by fooling investors into buying their stock. Have at it all you want paid per click bloggers. It won't change the SP because it is being determined by the fundamentals of the company. Third week of May is the next earnings release. That will take the SP down to a new low.
This whole transformation from Thermogenesis to Cesca was nothing more than a means to collect more investor capital to continue what Thermogenesis had been doing for years. Running a paycheck writing scam. Management putting investor dollar to "work" in their own families pockets. Cesca is the last ditch effort to pull what cash can be had by unsuspecting investors that have not done their due diligence or greedy hedge funds looking to flip below par shares given in exchange for money.
Investors have ALL come and gone for over eight years now. The remaining are the ones that got stuck in this issue after the 2 bag recalls that sent the SP tumbling 200%. Eventually the pain will become too difficult for you and you will sell for a loss like the others, It is just a matter of months before you realize you have been had by this group of white collar (you fit in the appropriate noun) . Most left here are averaged in between 8.60 low to as high a 20.20/share back in 2006-2007. At 77 cents today they move around like The Walking Dead. Management laughing all the way to lavish conferences in the big cities paid for by investors. Do you really believe they go there for the conferences or maybe Broadway shows, excursions, 5 star hotel stays and dinners at the best restaurants. They no longer have the money to put these expensive phase trials on as they stated early last year. With everyone selling and delisting or a huge dilution a given the money pool has dried up.
How much is KOOL paying you to post bomb this message board? It won't make the stock price go up. Only a successful management can do that and KOOL does not have one. Bomb away though if you think it will help. Next big drop is late May when the next earnings release is issued. More losses and less cash on hand with no where in sight to get any more now. This time KOOL is toast. Don't let the door hit you management on your way out and please turn the lights out. lol
Great Post not.kool. Explains the whole mess stockholders are in when compensation is that high for a company making 16-18 million a year in gross sales. Anyone still holding shares is clearly diluted in their thinking. This is not an investment. It is not even a lottery ticket. It is flat out a total loss. Investors old and new should just sell at the current price and at least get a small portion of their money back before it hits zero.
Management goes to these events because it is first class flight, 5 star hotels and shopping on the company dime for their wives. Who wouldn't want to get out of Rancho Cordova for free?
The market maker is doing a great job of letting the SP drop in an organized pattern otherwise it would easily be at .35 to .50 cents a share.
I continue to get KOOL's SP movement correct. Another new low set today at .76. That's .19/share pre-split pricing for the old timers here. You could have sold for over $3 with no problem last January. lol
The Notice of delisting 2-27-15 gives them until April 27th to come up with a plan to meet the compliance. Geez. I wonder what that will entail? Last time they went the easy way and did a reverse split. Looks like that will be coming. Investors of all time frames should be selling now. By the time KOOL splits and the ensuing sell off shortly there after will bring long term shareholders value down into the ten cents a share range.
Even Institutions make mistakes. Fidelity Investments lost millions when they were 14% of the outstanding and decided to cut their losses in 2008/09 after an 80%+ loss on investment.
Every quarter they report more losses and a lower cash position a chunk will be taken out of the SP. Next chunk approximately Mid May.
I see it hitting its low of around 61 cents but management will have reverse split "again" before they get delisted. There is no one out there to save them now. Selling off the Thermogenesis assets is the best way for them it get the cash they need to continue with the paycheck writing scheme.
For investors thinking of buying these shares; don't. You have better odds of making money buying lottery tickets at the liquor store.
rj: Good choice even if you take a small loss. Most left here that own shares have a 8 banger in their portfolio's. Only a eight banger the wrong direction. Most are averaged in at around $8/share based on the 4:1 reverse split in 2011. Hanger ons that can't take their loss for averaging down over several years "hoping" management''s" would do the right thing and not continue to use the company as a means to line their pockets with the cash position. At the current rate they will be out of cash by the end of the year. That means they need to sell off the Thermogenesis assets because at this point no one will buy their shares or lend them money. A private placement is out of the question as the last one was a complete catastrophe for that group of investors. All anyone is doing buying this companies shares is throwing money out the window. It's not even a gamble. You will lose your money.
Not to worry! Matt is still there in an "advisory" position on the board. Subsidized by the new management to watch tv at home and give his wife spending money at Saks and Nordstrom in Sacramento. This is a family oriented company.