Story on Zero Hedge that DB is giving 5% on 3 month money, Why would a bank give such a high rate in a country where bonds on like instruments are negative? Things that make you go hmmm.. I smell confiscation, bail ins and government takeover. TSHTF soon.
And while we were pondering this, we noticed a new addition to the generic risk factors boilerplate language, where in addition to the usual stuff, we now see a warning about the infamous "bail in."
In case of bankruptcy or risk of bankruptcy of financial institution, the saver is at risk of losing their savings or may be subject to a reduction / conversion into shares (bail-in) of the amount of the claim that he has the financial setting on top of the amount covered by the double German guarantee scheme for deposits.
When do we break $1? .......I say by sept 11
When do the insiders buy shares? Trick question NEVER, except for the David Davidovich when he buys the entire company after BK and leaves you the bag holder.
THANKS FOR PLAYING
This is nothing but a house of corruption, and the walls are starting to come down. it takes time, but it is slowly beginning, the rats are starting to jump the ship and the biggest rats, Central Bankers, are trying to fill the void. FUTILE.
You need to buy more shares just like the insiders are doing. They have just finished talking to Belgium officials and that explains why they are buying shares in the open market, they like you know they are right and are doing the obvious, buying real cheap shares. You self righteousness has served you well.
Buy more, do it. Prove to yourself that you are right. Do it.
Means nothing, Stock price.....2 steps forward then 3 steps backward.....The end point being ZERO. Wake Up.
I also cant help but think that when they actually announce (and they better! please, no slacking CBLI mngt!) they have agreement on test details, which could be any day or week, we will get a little pop as we get rid of the big unknown (time frame).
The problem is this means nothing in the time frame. Because you like them(CBLI) has NO Freaking clue how much of the dossier has been reviewed. !0-20% 70-80%. They have no clue. Therefore they have no clue what and where the next snake is hiding. They have no clue? Ask them? See you at ZERO. Don;t hate the messenger, grow up, admit failure and learn from your mistakes.
BK in the offing.
"Management will not make a formal presentation at the meeting; however questions from attending investors will be addressed." They will be APPLYING FOR BK protection before the end of the year, reorganize,and then will go private leaving all the shareholders high and dry except the Russians. Welcome to the USSR.
Oh My child, let me help you It's not about the banks making money its about the bankers making money.
Can someone explain to me why this company is worth 2.7 Billion, given negative cash flow, negative earnings, no revenue? Do they have a billion dollar product in phase 3? Otherwise, I think their is only risk at these prices.