Shares of biotech firm Intrexon XON have plunged over 23% today as the company's Oxitec subsidiary gears up to test its mosquito control system in Florida. Growing concerns about the safety of the technique, as well as a damaging new short-selling report, have sent the stock sliding.
Mosquito control has been a hot topic ever since the outbreak of the Zika virus in South America. The virus, which has no cure and is suspected to be responsible for severe birth abnormalities when a pregnant mother is infected, is spread through contact with the Aeds aegypti species of mosquito.
Oxitec's control system includes the release of a genetically modified strain of mosquito that would breed infertile offspring. The basic idea is that the more this new strain breeds with wild populations, the quicker the species dies off.
The company has been working on a trial for nearly seven years and hopes to receive FDA approval to test in controlled areas of Florida within the next three months. Over 10,000 people have signed an online petition to the FDA to stop the release.
Even more importantly, shares plunged today as investors reacted to a scorching report on SeekingAlpha. The site's short-selling research team published the first section of an 8-part mini-series on Intrexon, calling into question the legitimacy of the gene modification technique and asserting that the “hype” surrounding the Zika virus is unwarranted.
“Smart money is hitting the "eject" button and leaving retail investors holding the bag,” the report said.
Apr. 11, 2016 9:27 AM ET|
About: Lithium Americas Corp. (LACDF)
Search for article by headline as it is too lengthy to post
Lithium Americas is re-rating and should reach $1.5-1.75 in the near-term as it moves from development into producer status with "Big 3" incumbent lithium producer SQM.
Strong new management and new board buying shares; Lithium Americas attracting institutional investor support.
Relative Arbitrage: TSX-listed Lithium Americas has substantial catch-up to do relative to its ASX and Shanghai-listed peers, some of which are up 1000%+ over the past year.
Lithium Americas (OTCQX: LACDF; TSX: LAC), formerly Western Lithium USA Corp, rose 50% last week on heavy volume, catapulted by its announcement on March 28 that it has formed a partnership with Chile's SQM, one of the "Big 3" in a concentrated and increasingly supply-constrained lithium market. I believe this re-rating has only just begun and LACDF has a lot more to run.
I have been following LAC for many years. I always believed that their large, high quality permitted brine, Cauchari-Olaroz, in the Lithium Triangle would be built into a high margin cash flow machine, similar to the low cost industry leader, SQM. I have observed that LAC's largest shareholder, Geologic Resource Partners, was an early investor in Talison, one of the great lithium success stories. Talison was sold first for $850M in 2013 after a bidding war in which China's Tianqi bested US specialty chemicals maker Rockwood before inviting Rockwood to buy 49% of Talison the following year at a stepped up $1B valuation. Valuation multiples for these deals were an eye-popping ~15X EBITDA.
The concern is after reading at Yahoo forum, no new message board after two weeks or ever, after users contacting Yahoo several times regarding this for other companies larger than Lithium Americas.
From Yahoo: Explanation
The Yahoo Finance Message Boards for some stocks won't appear immediately after a ticker is listed for the first time, moves exchanges, or goes through a merger, etc. It will take up to two weeks for a Message Board to become active.
From Yahoo: Workaround
In some cases, a Message Board is active even though the "Message Board" link isn't active. This means you can access the Message Board--here's how:
In the below URL, replace "TICKER" with the ticker symbol of the company who's Message Board you'd like to view. Then paste the URL into your Web browser's Address Bar.
Tried their workaround and it did not work.
I read briefly on some Yahoo forums that message board activation transfer when ticker symbol change has occurred, has not happened for other stocks going into one year. I will look to see about contacting Yahoo.
alberard40, Schwab has posted the symbol change on a reference page, but the shares are dormant on the pricing page and it may take a few days to update this I suppose. This is not a problem, but I would appreciate alignment at Yahoo Finance, so investors do not have to post messages at a ghost ship message board. I am not sure who is responsible for the decision at Yahoo to make the Message Board function operational, but contacting Yahoo and bringing this to their attention is the answer.
1. I guess stockholders will have to contact Yahoo to make a case for this.
2. I do see an active massage message board at Stockhouse for Lithium Americas Corp. T.WLC.
3. Search for 'Message Board Central', that attaches messages from several sites, that I have used over the years.
Moments after successfully unlocking the San Bernardino iPhone, the F.B.I. rendered the phone permanently useless by spilling a glass of water on it, an F.B.I. spokesman confirmed on Tuesday.
Calling the accident “one of the biggest embarrassments in F.B.I. history,” bureau spokesman Harland Dorrinson told reporters, “There’s no way to express how bad we feel about what happened to that phone.”
Walking reporters through the mishap, Dorrinson said that shortly after the iPhone was unlocked, “There were a lot of high-fives, which led to the unfortunate spilling of the water.”
After repeatedly attempting to reboot the phone with no success, the F.B.I. consulted several Apple support forums for tips on fixing a waterlogged iPhone. “I wish I could report that any of them worked,” the spokesman said.
In a possible thawing of relations between Apple and the F.B.I., Apple C.E.O. Tim Cook offered to replace the damaged iPhone for seven hundred and forty-nine dollars, or two hundred and ninety-nine dollars with a two-year contract.
in the fourth quarter and now owns 5,160,043 shares of the specialty pharmaceutical company’s stock.
Very undervalued if this was to occur.