No wonder Allin omitted Patron from the IPO filing.
Sounds like the company continues to be an accounting nightmare.
They're losing money. Cut expenses, and start with Allin whose history and judgment are now costing
stockholders too much, both in salary, bonuses and in stock price hit by this latest scandal.
"The company said the Citron report includes "a variety of inaccurate and misleading statements and gross distortions."
Is that what you call a non-denial denial?
ie you got us but you had some small part of it wrong?
They cant deny Allin omitted his role at Patron, and for good reason.
With almost a tenth of a percent owned by institutions, longs can sleep easy at night knowing
this institution has done all the due diligence needed for this stock.
So enough about the pump and dump, and slimy history of this company and its management. Enough about the product being free and there not being any chance of success with the amateur website. Enough about competiton.
BUY BUY BUY This is an institution quality investment!
There should be a premium paid for the potential of everything going right. ... but you shouldnt be paying as if it already has happened.
There's a lot to point out that this is an over valued bubble now. Look at Yahoos direct competitor stats:
ICPT AZN SLXP INDUSTRY
P/S (ttm): 3,289.26 2.84 6.59 5.62
ICPT has 25 employees and no sales to mention!
There is promise, but its a long ways off and a lot can go wrong.
With the recent run up you are seeing buyers paying absurd prices without even understanding the product, or the potential risks and time frames.
When they start telling everyone not to believe the WS Journal articles, etc, you know youre dealing with a cult.
Drink the Koolaid, this stock is going to $1000!
It was the only approach to take. The problem is, the next phase is not going to go well due to competition from VW, Porsche, Audi, Renault, Nissan, Ford, GM, Kia, Hyundai, Nissan and Toyota. Telsa can not compete and will not be able to have the volumes and margins needed.
There will probably be a change in regulation, to reflect that less gasoline is being used. Not sure how much impact it will have.
They'll need to actually make money to have a PE. .... but its already price like they're the hottest
earner on the planet. Reality will eventually catch up. Maybe tomorrow, maybe two years from now.
There will be a dozen companies by 2015. I think Tesla will take more than their share of business, probably 10-15% of market. It will cut in to profitability, but Tesla isnt going away as some suggest. It will just be a little smaller than some had hoped.