Not MTL traders in Singapore at risk of Default
MTL needs to pas 60+ b RUB about 1b usd ... ...
Looks like ... they will bk it
per 13F-HR, as of 09/30/14 Goldman Capital Management had only 316,865 shares! Today it announced now it has 1,050,099 shares!
This is an increase of 733,234 shares in about 3 Months!
Neal Goldman was an Accredited HNWI that partecipated in the December 12, 2014 Private Placement Transacton. In this PP Transactin he bought 50,000 shares (+ 25,000 Calls) for $109,500.
This Means that 683,234 shares were purchases on the Open Market ... (or 658,234 SHARES if u consider the 25,000 CALLS of the PP).
Buying 683,234 shares on the Open Market .... of a company that is in Defaults .. and heading towards BK? .. This is a pretty Bold Trade.
Looks like A long to me!
management has been buying shares at a price which will make the investment profitable only if phmd trades at prices 2.19$ in the future. This investment was made on DEC 12, 2014:
- PHMD probably needed 1.4m nit to cause another default event.
- IMO price was set at 2.19 not because management wanted to get retail investors to buy (given phmd was trading at a 35% discount) but rather to avoid a shareholders approval .... required if phmd had issued shares accounting for more than 5 of the post-transaction total outstanding shares
- why would the members of the board of directors + some private investors pump monez inti phmd if they thought the company was going to go bk? ... they are not making a long term bet ... since this problem needs to be addresses by february 28, 2015. If not addressed BK will likely result.
- PHMD is trading at a 70% discount to its competitors ... basically trading at BK prices. Yet boar members + private investors decided to put 1.4m into the company ... less than 2.5 month from a crucial deadline?
well ... this is a reason good enough for me to buy into phmd ... and I wonder why would someo e sell at these levels.
Had the 1.4m private placement not taken place? ... I wiould never buy this POS .... since, despite a 70% discount to its pears ... the BK likelihood is high. Private placement ... tells me ... bosrd members and private investors sre betrin against what appeared to be the most likely outcome ...BK
See you at $27
NEPHROGENEX INC (NRX): An Undervalued Company With A 200%+ Upside Potential In The Next 18 Months
Like it or not .. the company has enough cash till 1Q 2016 when the interim analysis will be perfomed! The Data (if good) will then allow the Company to find a partner for the future.
usingaliase = useless!? that's the meaning of the alias?
Welcome Village IDIOT! ... NRX is already running a Phase 3 trial for this Drug .. and Interim analysis is epxected to be out on Q1 2016! ...
THAT much about 7 years .. right?
Please ... tell me what were the management and private investors thinking when they bought 645k shares at 2.19$ ... 2 weeks ago.
Eager to hear your explanation.
967,500 (shares + warrants issued) / (967,500 (shares + warrants issued) + 19,049,000 (shares previously outstanding)) = 4.83%
That's why they opted for a price of $2.19
-- The only sure thing here is that management thinks PHMD shares are worth likely more than $2.25.
-- Based on this ... I think it is safe to assume BK is off-the-table.
I also doubt a restructuring agreement will be announced (since ... I can not imagine the current management team run the company ... after all the mistakes thy made over the past 12 months).
The LCA acquisition was an attempt to mitigate the decline in the revenue forcasted at the other units of the company. Obviously it did not work out as planned.
Not sure it would make sense for the company to sell some parts .. and keep staying in business as a smaller company. That's what they wanted to avoid in the first place (when the LCA Vision was announced). I would sell the entire company ... ... but the real question is ... ... is there someone willing to buy PHMD as it is?
Not such info out there. We had 7 Form-4 since November.
1. MCGRATH DENNIS M acquired 165k shares 11/07/2014 - 2005 compensation plan
2. Rafaeli Dolev acquired 225k shares 11/07/2014 - 2005 compensation plane
3. Raffaelie TRANSFERRED TO HIMSELF 501k shares from a family trust - 12/04/2014
4. MCGRATH Dennis sold 65k shares at a price of about 1.14 - 12/15/2014
Then we hat the Private Placement Transactions Form 4 filings.
1. SIGHT JAMES ... GOT 150K SHARES AND 75K WARRANTS
2. Ben Dror Yoav ... got 115K SHARES AND 57.5K WARRANTS
3. PELL LEWIS C ... GOT 230K SHARES AND 115K WARRANTS
So, you are claiming that 900k shares were issued to MCGRATH and RAFAELI? .. this is just FLAT WRONG!
1. Rafaeli got 501k SHARES from a family trust that was holding the shares for him.
2. the 11/07/2014 FORM REPRESENT shares under the 2005 Companestion plan ... issued to MCGrath and Rafaeli (total of 380k shares).
--- As of December 11, 2014, (i) 19,049,582 shares of Common Stock were issued and outstanding
THIS IS THE NUMBER I DID USE IN MY POST ... and already includes the 11/07/2014 shares.
AH AH .. WOOK WOOK and JNJ ... replaing to themselfes ... just to create the illusions more ppl share the same view? ...
WOOK WOOK ... exposed!
Majority will be taken by one Institutional invesor? .. ah ah ... yes .. at a price of 1$ ... to then unload ... all the shrares at current market Prices
See you at 1$
AH AH AH ... so unfortunate the GOVT had abandoned bavi as a viable strategy already back in 2011!
yet ... when everyone was talking about ebola in 2014 .. the company issued a BS PR! ...
this shows you the ppl you are dealing with ... FRAUDULENT MANAGEMENT TEAM ...
BTW ... WOOK WOOK WOOK
They just registered a new shelf .... for ... 150m USD ...
given current price of 1.40$ .. thta's at leat 100m new shares!
WOOKWOOK ... get this¨
1. YOU DID FAIL TO CONSIDER THE WARRANTS IN THE TRANSACTION!
-- 645k shares + 322.5k warrants = 967.5k shares
2. YOU HAVE THE WRONG NUMBER OF SHARES OUTSTANDING!
As of December 11, 2014, (i) 19,049,582 shares of Common Stock were issued and outstanding