At some point - $40/barrel, the market will determine the bottom. Some predicted $10/barrel, good luck with that. COP will shine as Janet Yellen has not sold a single share of COP. To the contrast, she is adding more. Check her filing yourself. We reached the bottom for oil and gold.
The surge was fueled by an OPEC commentary saying the cartel was willing to talk to other producers to achieve reasonable oil prices, as well as by the downward revision of U.S. output data by the U.S. Energy Information Administration (EIA).
Great, some one predicted $20/barrel and hoped Saudi can offer free oil eventually. Dream on! UWTI just finished the triple bottom, move higher.
Sentiment: Strong Buy
That is the communist price, if that low the gasoline will be free. $40 is the low. There will be announcements that come out OPEC on production reduction and rig counts cut, to put $40/barrel as the floor.
It is the bottom. The dollar rally is about over. Plan to add on Monday
1.) high burn rate. there is no way you can hire these expensive personnel if there is no revenue stream.
2.) dodge existing shareholders, the mgmt. thinks the new investors can write them a check without shorting or demolishing share price, wrong!
3.) the minimum requirement for collaborations is break-even or cost sharing. It seems that they did that for free.
4.) miscellaneous income, if they need more, go on EBAY to sell T-Shirt or merchandise or videos to educate the buyers.
5.) $1 in salary and fixed amount shares should be in place to avoid any cheap dilution.
The real concern is that he needs to know how to do the financing properly
I will wait the resignation of Keith as CEO, then buy some, CFO needs to go too. The management has not demonstrate the better way to maximize shareholders' value yet. If stock price down, cut their compensations to ZERO.
Profitable? He did even understand finance 101, how can you ask for profitable? Share dilution is his way to be profitable................
I do not believe this will be the case. Current CEO should be the CTO, he is clueless on how to increase shareholders' value.
The bio juniors like ONVO have to follow GOOG's compensation model. All senior management should take $1 in salary, the rest should be compensated by fixed amount of shares. Keith is a CTO at most and not qualified as a CEO. He can not even understand how capital market work, what do you think the likelihood of protecting existing shareholders, ZERO!
There are some discussion about the "Share Price Appreciation" exchange to replace NYSE and NASDAQ. These are the companies that focus on the growth of net cash inflows and share buybacks, KHC and MDLZ are good examples. If no cash inflows, the companies will figure out way to sell merchandises like mugs and T-Shirt like CSX to survive, equity financing always create share dilution. But, it will be fine if all management's comp tires with the stock performance.
Keith may be an expert in his biolab field and he is just an urban legend. He lost the confidence of investors on managing the direction of corporate finance. Until we find one more finance savvy, there is no sense to rush to buy this stock.
Hope this will help.