Now that MG and PM are done getting his cousin elected to the ECTE BOD, he should have more time to focus on NAVB. Remember, we get what we pay for, so far that's zero. He'll have some tricks up his sleeve as our annual meeting approaches IMO. BOL
who...not unexpected with the 25% gain from bottom formation. News was as expected. More of a reason to trade than anything else. TBD if the overall momentum trend can be continued. Lots of developments in the queue with the MG effect. BOL!
Would appear based on the Effect Notice filed on Wednesday that Crede may have (or will be) exchanged their warrants and are now long the 3.8M common. That IMO suggests they believe the SP will exceed the $2.00 warrant formula floor in the near future. As this board is now being over-run with full-time pumpers also suggests some hedges have gone long. The weekly charts are flashing a very bullish signal...hopefully they give the SP it's full technical run before cashing in. Monday is MG's first day...next episode airing soon IMO. BOL all.
IMHO they have no intention on taking it private nor would they risk the funds necessary to accomplish that. Their money is made on the stock, derivative trades, and arbitrage trading. That works best when the SP stays in ranges and they maintain a flow of buyers to balance the selling. IMO they have done nothing illegal. That said, consider that the current situation with ECTE is IMO directly related in numerous ways to NAVB. I'm a trader, not a lawyer, but if I was that connection wouldn't escape me. I look for them to re-capitalize the balance sheet "at low prices to cash in" once again later.
jdust...the OT's biggest "cheerleader" works for PM. Those carefully scripted posts represent PM. Nothing they do is out-right illegal. That said, IMO trade with them, not against them. PM runs the secondary share market, something to keep in mind next time we see relative strength. That's also why, for now, Pykett still has a job with Navidea, keeps him from saying what no doubt he really wants to. BOL
The shares were disposed of in Q1. plain and simple. as they're not showing on the tape, as whodat points out, likely off market. Proceeds from the selling (hopefully to another inst.) could have been used to pay MG in cash. The "wait until Q2 report" is BS IMO - not due out until just ahead of the annual meeting. DDB and co. are busy with pumping MG, Platinum, and SG on the ECTE proxy battle - heating up again today on all the boards and tweeter. PM can sell all they want, when they want. I'm simply pointing out that PM has diluted 10X the crede warrants. Unless one shorts or has the convertibles to arbitrage, no benefit to otherwise long holders. A lot left to unfold in the next 60 days. BOL Inside
By "those posters" I assume your are referring to the PM/MGites. My guess is they're all busy with the ECTE proxy war. I just hope that MG has the time to spend on Navb. He's very busy right now representing Platinum on echos BOD and fighting other board members for access to their special committees in charge of finding a new CEO and reviewing BOD member applications. If they are successful next month at getting is cousin from the pool supply business elected, he can then hopefully spend less time with PM " helping" ECTE and more time with us. Of course he has no affiliation with Platinum (according to DDB) so technically were in good shape over here. And I'm sure none of this has anything to do with Pykett bowing down. That's only a coincidence. Someone will be the hero in the end. Any guesses?
who.. of course.I have no idea who the big shorts are that have driven the SP down. But I do know that according to some it's definitely not an "Arbitrage" fund. My washer has a loud chime to let me know when the rinse cycle ends....listen carefully. ;)
Any shareholder, including PM, has the respected right to sell when they please. However, I view them more as divesting rather than investing. My number is 33,832,836 sold…and counting. Not sure what DDB’s is, maybe someone can ask him. Nice of MG not to charge us for his services as CEO; I know the decline from 4.77 to 1.40 has hurt him just like all the other common long shareholders. Then again, those hedge funds with tidy short positions beginning in 2011 have sure done well. Now that PM has gifted us with great turn-a-round potential and future SP appreciation, I can only hope they buy back those 33,832,836 shares and this time let them ride a bit longer. I’ll keep an eye out and post that purchase if they do. Or do they sell another 10M shares in Q2 like they did in Q1? We’ve seen the flop; I’d like to see the turn card at least before betting further. To each his own…but IMO a positive run is in the cards…just remember who owns the casino.
Some good recent posts by Fall1980 over on IV. I also noticed once again that DDB is referring to some MB posters as suggesting that PM has been unfavorably accused of “massive dumping” of common shares onto the market. Rather than debate the term “massive” I’ll offer the following for any reader to form their own conclusion.
April 2011. Common shares outstanding: 89,382,552
April 2014. Common shares outstanding: 149,837,919
April 2011.Total PM stock held: 59,034,077 shares; represented by 9,600,744 common and 49,433,333 in convertible shares.
April 2014. Total PM stock held: 25,201,241 shares; represented by 14,923,631 common and 10,277,610 in convertible shares.
Total net dispositions to the market (dilution) (selling) by PM in past 36 months: 33,832,836 shares. About half of these were sold at SP’s exceeding 3.75 and 4.77; the other half much less. After accounting for their original investment, net profits to PM are about $100M to date.
PM end of Q4: 10M common (SEC form 13)
PM P-conversions to common in Q1 (per Navidea SEC): 14M common
Total Common during Q1: 24M shares (10+14)
PM end of Q1 (SEC form 13): 14M common
Net Disposed in Q1 = 10M shares common (24-14)
Note: based on the absence of 10%+ required holder reporting, at no time during Q1 could PMs common position have exceeded 14M (10%). Conclusion: The 10M common shares were sold or otherwise disposed prior to the P-conversion events, as would have been required pursuant to the P-share agreement with Navidea. Other non-pm affiliated institutions have reported significant increases during the same period.
b22....I'd say he cost PM about $10M in profits. If PM had sold the shares to Crede rather than Navidea; they would have made an extra dollar per share compared to their Q1 selling. bottom line, first ECTE, now NAVB, any CEO who sells to raise cash for the company, rather than PM, looses in the end.
tm...good points. The SP is down 75% since PM started heavily diluting in July 2012. Many factors have led us to 1.35; but the extra 35M shares from the PM shelf has not helped. Consider where we'd be today had they actually invested by buying rather than selling. It's within their rights to buy/sell as much or little as they want. I'm here at 1.35 just looking at the facts best I can. IMO the lower the PM hold the lower the short interest will go and that can help, even from down here.
is reporting today on the MG change. She suggests one of the reasons being the "dilutive" Crede deal that Pykett had done - led to MG stepping in. Does she realize that deal netted $30M cash to NAVB; while the 35M plus shares diluted from MG&company to date have netted zero to NAVB and over $100M to PM? At least Pykett stood up to them....now he's paying the price for not playing nice in PM's sandbox. BOL to MP.
meaning they disposed of about 10M shares in Q1...hopefully off-market to some of the other new institutional players. If they can just take their foot off our neck now, the SP can re-gain some lost ground IMO.