Looks like the death spiral has begun for OSIR, this stock can't even rise on negative news for Mdxg, that is a bad sign.. Stock is now in the throw in the towel stage, look for a test of recent lows then the stage will be set for either a full collapse or a true bottom to be formed.
And of course for you newbies, candy is famous for bring the resident perma bear on our board by shorting at 3,4,5,6,7,8,9.10,11,12. Look at his old posts from a few years ago if you want some good entertainment.
We have about 4 short letters hit our stock over the past 6 years and every time the stock ends higher!
Ironic candy mentions short letter because I heard there is going to be a major relationship announced next week as well, funny how ironic life is.
Watching Osir trade is a bit like driving by and seeing a cute dog who has been hit in the middle of the highway, it is crying out for help but you know there is nothing that can be done as everyone knows the end of the story....sorry to all the long time Osir shareholders but the script was written last fall and now the story is coming to a final climatic end......
The smoking gun in this whole affair is the idiotic one time special dividend before all of this cooked booked mess, people are going to jail over this, smells like Bernie Maddoff .....sales people will be leaving in droves, customers will be waiting on the sidelines and Stryker and other legitimate companies will run for the hills. To make it worse, now the shorts will pile on creating a death spiral, below 5 bucks which will make the large funds have to dump, stock will be non marginable at some firms which will again help perpetuate the death spiral. I see some large firm picking up the pieces at 2 bucks a share in a fire sale. We saw this coming months ago but Ozark was just like the geek in Animal house during the parade saying "remain calm, everything is fine" as he gets run over by the parade. Sad to see but with the accounting firms bailing, the CFO bailing, the CEO bailing you could easily see the hand writing ,,,,
As stated before, sales people will be leaving in droves, Stryker will dump Osir as they don't want to be associated with the potential smell, will take months to restate earnings, SEC indictments will be the final nail in the coffin for Osir, but on a positive note, all of the MACS are now approved so maybe refrigerator orders will be up:))
So the guy who built the sales force, used his wife's recruiting firm to hire his own people, sounds like more ammnution for the lawyers and all of the lawsuits. I counted 32 firms over the past 3 months with lawsuits, I would say this will add another new round of lawsuits....watch the good sales people start jumping like tuna off the waters of Cabo...
Now that one time special dividend before the auditors quit, and now the CEO quit smell even worse ....lawyers are going to bleed this company dry , and for what it is worth, I hate most lawyers but this case doesn't look good except for the lawyers and a few shareholders who will get pennies on the dollar
Minnesota : you have always been polite and nice so I will return a civil response,,, This is about the worst news the stock could get, there has been so much smoke around this stock and now with the CEO leaving Wallstreet will not be happy.....on the other hand, this stock is so beat up that you never know, it might fall and recover tomorrow. Some great products in the pipeline so possibly this will increase the chance of a buyout but at a distressed price. I have seen stocks recover from these issues, but usually it takes years to regain institutional support..good luck to you and I hope you still have some Mdxg in your portfolio:))
At least the bid is still in the sixes at 6:13, for those of you who loved Osir at 6.95 you gotta love it at 5:)))
The facts are mimedx has a 900 million dollar market cap and Osir is 300 million, those are facts. Doctors want to take a product off of the shelf that works and costs less, instead of thawing a frozen product that cost more per wound closure, the facts are the management of Osir don't care about their shareholders or they would do something besides being quiet, you did spend a few weeks bashing on the Mdxg site , that is a fact, karma is a #$%$, that is a fact. Osir stock will take years to repair the technical chart. It is at the point where compassion is needed for Osir shareholders because the shoe is about to drop regarding your recievables and restating of earnings. The one time dividend is the main ingredient for fraud, when management had to know they were going to restate earnings. I feel sorry for you and your following. I hope not many are on margin as Tuesday is going to be a disastrous day in the overall markets, and for that I don't blame Ozark, I blame Obsma and his hate for America,
Osir is toast, I see and sec investigation or worse. Cooked books, auditor who quits, CFO who quits, one time special dividend before restating earnings, now one of your top distributors bought out by the number one competitor. Layoffs are next and Stryker can only give away so much of your product for free, and if you haven't figured this out, that is a bad sign. This is about making money, not yelling from the rooftops like Ozark that Osir is king and has superior products....the market has voted, Pearson has spread the truth, Osir will be bankrupt within a couple of years, pink slips are coming to Osir sales reps next week. There are at least 40 Lawfirms who are sueing Osir,,,to start talking about how great your frozen yogurt product is will end up costing you more margin calls on Tuesday, and yes the margin calls will hit Osir hard on Tuesday and push this stock below 5 bucks.....I warned all of you last month....
Docucick: you are delusional, most of us here are in at sub 1 and have made millions, you are pathetic and not important in life, please keep bashing us as we are about to make many more millions when Mdxg gets bought out soon from Medtronic, Stryker or Zimmer. Yes, we touched 13 for about an hour, but with our basis at 1 dollar and the IBB over the last 6 months taking a drubbing, we are still doing great, if you bought Osir 5 years ago when we bought Mdxg you would have lost money, and we are up over 700 percent. You are an idiot and broke, move on.