FYI.....We aren't greedy and unlike morons diehard longs who chased this to mid 2's, we secure gains in pieces as we drive a stock down.
What I'd like to hear during CC, is whether or not the company is at any risk of BANKRUPTCY....Short of that clarity, I wouldn't touch this stock at $1.00 let alone $2.00
OMG.......YA THINK.....First post by any of you STRONG BUY longs here that made any sense.
More importantly, REMEMBER all the constant headlines one after another last year that sucked all the small fry investors here.
YOU KNOW.......The multiple ones in which I clearly pointed out to anyone who would listen, that the insiders NEVER provided any substance to said DEALS, or CONTRACTS of their product.
REMEMBER the whole "NAVY" deal. Remember the board cheerleader LYING LYLE in his/her cheer leading skirt and pom poms posting multiple times a day pumping this #$%$ ZERO SUBSTANCE hype from insiders?
How many times do you people need to be smacked upside the head before you listen to someone on both sides of the trade.
WE SHORTED the hell out of this stock and laid out all the BS the insiders were selling you, yet you failed to do basic DD.
This companies annual CASH BURN RATE has now hit $60M. With ZERO REVENUES and several past STOCK OFFERINGS, the SHAREHOLDER DILUTION is crazy.
I've got more DD to do, but i suspect there's MANY stock options just waiting to be pounced on and sold into the market.
OK, so $60M in cash excluding the $85M from licensing agreement, should prevent another stock offering for awhile, albeit the CASH BURN RATE is expected to increase going forward.
AMAZING timing of the STOCK OPTION at $2.10 for 180,000 shares was secured MAY 9th 2016. NEXT DAY the licensing agreement hit the wires. REALLY???
NOW you know why I've been saying this stock is going LOWER......
EXAMPLE--------MY MGT----Where I posted Friday a buy.
The RUN UP here had nothing to do with where the markets were, so don't blame being on the wrong side of the stock move, now that PROFIT TAKERS and SHORTS are pushing it back down.
REMEMBER, the cash is baked in, now it's all about EXECUTION and that's going to take some time.
May 5th, or just a few trading days ago, the stock was at $1.92 and likely heading LOWER had the company not secured a licensing agreement, that included some needed cash going forward.
I'll say it again, VOLUME continues lower following news and short of a new catalysts, will likely keep going lower.
So unless your one of those "ALL IN TYPES", you should (LIKE ME), welcome the opportunity to add to your position with cheaper shares, thus bringing ones cost per share basis LOWER.
I must have you mixed up with someone else on this thread. I thought you said it was a double play to 8. My mistake.
a guy who likes to wear cheer leading skirts, while FRAUDALERT77 is the insecure female with a potty mouth. She also PUMPS this stock every time it falls below a buck.
TYPO....I'll BET you. God I don't wanna be you lol.
Watch and learn.
$2.50 before $3.80......
continue higher. That's going to take some time and money, so forget about this doubling again for now. Maybe next year following some trial updates etc.
Surprised this company hasn't filed long ago.
Been SHORT this since 2's while Lyle said he was adding more shares.
GOOOOO "MGT".........Took some off the table at $4.75