nightowll67 I myself can not, and will not speculate on what price this stock may or may not appreciate to.
The only thing I myself will say is, when a company of this size, and the small amount of shares outstanding announces that they have the largest backorders in the history of the company, that seems to be an excellent indicator that in the current price range this stock is severely underpriced.
And that was made aware to the stock market public yesterday.
It's been discovered, where it goes from here all depends on how excited people get for a little company with a large backorder situation.
Not a bad situation to be in.
Seems like a whole lot better than having their smallest backorder situation in the history of the company.
paulpiacitelli....You should do a little DD before you post something you are ignorant about.
The filing you see simply is a shelf registration. It does NOT mean they are going to issue a ton of shares, they just get registered ahead of time in case sometime down the road they need working capital , they have already been checked out in advance.
Stock "on the shelf" is just there available to issue at the company's discretion.
They may never tap into the "shelf" at all, and even if they do they would only issue what their capital need is at the time.
But again, it's just there, may sometime be used, or maybe never at all be used.
All public companies do this.
The stock will start moving in anticipation of the launch.
I believe there will be a lot of talk about this on all the talk shows, especially the women talk shows.
I just googled .....double chin cure..... and pages of articles about Kybella being FDA Approved from all over the place.
And it says over 100 MILLION people view the sites about getting rid of a double chin.
Patience is going to handsomely rewarded here.
I learned my lesson years ago ignoring all the publicity when Botox first came out, thinking nobody is going to go for that...........I'm not ignoring the Kybella story .
One other point, when there is confusion, it adds to the confusion, and sheep follow sheep, people see others selling and think something is wrong....and also sell .
But there is always another day, and things clear up.
In my opinion because a lot of people think that yesterday's news of FDA Approval was rehashed old news, they think that it was actually approved............when just SUGGESTED approval by the FDA "Committee" to the ACTUAL FDA on March 9th.
I've see this happen before a few times in the past.
You can sometimes tell there is confusion by seeing what posters are saying on message boards.
Lots of times you see a PR stating that the FDA Panel votes to approve a drug, and the ignorant types assume that , that is the actual FDA saying it's approved...........when in fact it is NOT yet approved ......by the actual FDA.
Yesterday it WAS actually approved by the FDA.......but I did see some poster stating that yesterday's PR was old news and it was actually already approved "last month".
And this poster was/is getting thumbs up by others.
Realization will set in sooner or later.
You'd be surprised at how many people see misinformation on these boards and take it as gospel.
And there are hundreds of viewers (non-posters) for every one poster on a board.
In my opinion this company will soon be bought out anyhow, at a much higher than current price, so this will all come out in the wash.
I see on another message board or blog site whatever they call it that someone posted that yesterday's FDA Approval was old news, that the approval actually already occurred a month ago. I see that a lot on these message boards about FDA stuff, people see the letters FDA and the word approval and right away jump to conclusion that the drug is approved.
What that poster actually saw was on March 9th the FDA (Committee) recommended approval 17 to 0, unanimously , that Committee is NOT the FDA, they are just a panel of doctors etc. in the field that are reviewing the drug in question.
So that poster was saying that the actual approval yesterday was old news and already built into the stock
price. The FDA does not always follow the Panel or Committee's advice and go ahead and approve, but in this case they did......and approved it early. The PDUFA wasn't due until May 13, 2015.
That poster that was posting misinformation was getting thumbs up..........so it just shows the ignorance of some on these boards, and the people that believe the misinformation given by them.
Unless that poster really knew the knew the truth , and deliberately posted BS.
But I do see that a lot of times that people think the Panel, or Committee are the FDA, when in fact they are not.
Then you'll have an idea where KYTH is headed.
KYTH has buyout written all over it.
Stevie Wonder can see this.
The fact that you rely on Zacks for your DD screams rookie loud and clear !
Who cares what Zacks rates a stock one way or another. Zacks is a husband and wife team that do not know much more than your average poster on these message boards.
Look at how their "articles" are written, pure neophyte.
Just ask yourself this simple question..........does their past earnings , or lack of earnings, have ANYTHING at all to do with this company NOW........going forward ?
That does nothing at all, your stock can still be lent out. Putting a high sell order on your stock thinking it will prevent a short sale is a myth.
The only time they can not lend out your stock in your account is if you have a cash account, NOT a margin account, or if you do have a margin account but you have enough cash that nothing is on margin. Here is a little blip on the rule.
"Brokerage firms can also borrow stocks from the accounts of their own customers. Typical margin account agreements give brokerage firms the right to borrow customer shares without notifying the customer. In general, brokerage accounts are only allowed to lend shares from accounts for which customers have "debit balances", meaning they have borrowed from the account. SEC Rule 15c3-3 imposes such severe restrictions on the lending of shares from cash accounts or excess margin (fully paid for) shares from margin accounts that most brokerage firms do not bother except in rare circumstances. (These restrictions include that the broker must have the express permission of the customer and provide collateral or a letter of credit.)"
Hardly anybody opens a cash account, most everybody signed a margin account agreement when they open their account.
Why do you have such a hard on for Jason Hart ?
Do you know him personally ?
In your case it's called swing losing, or day losing . After 10 years and you haven't run out of money yet ?
Something doesn't smell right here. Oh wait a minute.....it's the excessive B.S..
Keep us posted, every time you're in and out, we really admire you moves.
Even more than you yourself do.
You da man, ha ha he he.
How do you manage to keep your losses straight ?
sirflipsalot.....You missed my ENTIRE Point. Try shutting your mouth and opening your eyes and READ what I said !
The two other companies I posted are in the business of curing, or helping with eyesight problems.......I don't care whether is a medical device company or a drug company.....the point was they BOTH are losing tons of money, and have next to NOTHING in revenues..........and their stocks are in the $40s................that was my POINT !
I made that POINT because there are posters claiming that EYES stock would do nothing until revenues start piling on.............That is NOT necessary yet for stock appreciation, it's LOVE for the stock, and what the company does that causes stock appreciation !
Get it ?!
Appreciate until the revenue starts to flow at a rapid pace.........go look at two other eye related/vision stocks.......AND their stock prices, and take note of their revenue, or lack of revenue, and huge losses.
Look at OCUL & AAVL.