I think some information probably triggered this. There was no interest in this stock at the opening with zero shares traded for the first 23 minutes. Then in a span of 12 minutes from 9:57AM to 10:09AM there were over 111,000 shares purchased (monthly average had only been 71,400). The average purchase in those 12 minutes was over 11,000 shares per transaction.
Of course I have no idea of the quality of the information but my guess is one of those stock advisor gurus recommended it to their high paying subscribers so the information wasn't public.
Any of you new investors that bought in today care to share what motivated you to suddenly buy in?
The insider with the most shares (3/4 of a million MBLX shares) is Matthew Strobeck. Please note that he is also on the insider roster for Accelerate Diagnostics Inc (AXDX). The stock price of AXDX was less then a buck a few years ago and was just above $1.00 ($1.05) as recently as March 2012. You can see that it closed close to $20.00 a share on Friday. Dumb luck????
Once Brazil fell behind by 2 goals they were no longer competitive. If you must compare MBLX to a soccer team I would suggest US vs Belgium. When US fell behind 2 goals in overtime their energy and spirit didn't die.
Of course like MBLX it looked like game over down by 2 late in OT. US then scored and almost tied it up with several near misses.
My point is none of us knows what's happening in the Board room but if they say they're still focused on financing then you have to believe they're still trying.
Portraying the entire Management team as incompetent or deliberately deceptive isn't a compelling position.
I agree, We just went into overtime - no "game over". Remember Yogi Berra's famous words, "it ain't over till it's over".
They have to be close to SOMETHING. I doubt they'd be saying they remain focused at this stage of the game if all they were looking at were empty bags.
There are bids at .80 and above for 23,300 shares while there are only 700 shares available with an ask under $1.00. I would say the low volume is due to lack of sellers not the opposite.
Hey the market is not going to tolerate no news for too long and you may prove to be correct but right now sellers are not bailing and there are interested buyers albeit at a price between .80 and above.
There are over 15K bids for above .80 and no one asking less then .90. We're really in a holding pattern with everyone anticipating SOME word from Management..
I know Shaulson said in last CC regarding financing that "for me it helps to realize that no news does not mean no progress" but the Market isn't known for it's patience.
We seem to finally be at the moment of truth. I'm still going with good news but I guess I've been conditioned to think that way after Antibioticos and all the other drama for so long.
Fireworks rather then toilet flushing seem appropriate with 4th of July and all.
Maybe he's a procrastinator?
I'm going to agree with Pelosi and still believe that some update on future finances should happen today. I'm also going to agree with Normey that some small but valid progress is needed to gain valuable credibility.
Come on, Mr.Shaulson you created this deadline, it's not like Pelosi or Dagiw drew this line on the calendar. No timeouts left, times running out. Please take the shot and emulate last year's Miami Heat not this years.
Thanks Andrew- I was kind of being sarcastic with the "unsophisticated" remark since that is how Pelosi labeled all longs but to be honest much truth is spoken in jest because your answer reminded me that I was continuing to only look at the first bid/ask level. I appreciated your response as it prompted me to explore gaining access to all bid/ask layers. I discovered that I was 1 trade away for the quarter (30 trades with e-trade) to having that service free but I guess I had to ask for it. Now I can see that there are only 1800 shares available for under a buck and there are bid orders for .95 totally over 11,000. That does show some strength and positive anticipation for some real good news. I'm tempted to pick up those 1800 shares myself and hopefully see $1.00+ soon. Good Luck to all.
My last attempt to add was a few weeks ago (May 30) and it tells us something.
There was a small transaction just after the opening for .81 so I said to myself, I'm not fooling around and proceeded to submit a buy order for 5,000 more shares at a limit price of .82 for a 1 day period. The end result was despite numerous additional small trades for that elusive .82 price I ended up with a partial executed transaction of 150 shares at the end of the day. Hey I've earned back my commission on this trade. Not bad for an unsophisticated investor like myself.
Can someone enlighten me on what my humbling experience tells us?
Casino- Hold your bets on this advice. The exact same message appears on other boards except replacing MBLX with CETC.
We really have no new news and the old adage "no news is good news" will NOT apply if concrete progress on financing is not announced by end of month.
I for one believe MBLX will finally make a move in the right direction for the right reasons.
You recently stated that Pelosi has been most correct of all recent posters but I would respectfully disagree. His "RIP's and final nails in the coffin" inaccurately imply that the game is over.
That would be like someone calling their bookie with 28 seconds left in the Spurs Heat game 6 last year the second Le Bron James badly missed a three. The Heat were 5 points down with no timeouts but pulled out a win with poise, focus, experience and execution.
The point is that contrary to Dagw and Pelosi the game isn't over. I wouldn't bet against MBLX at this point.
One of my favorite Steve Jobs quotes is "change happens slowly and then all at once".
I'm ready for positive news, are you ready, Ready?
I just returned from a nice extended family gathering and yes we did actually have an old fashioned egg hunt. Thanks for asking.
I have my rationale for investing my money in this company and if I'm wrong I'll move on. You're the only one crying on this board. I don't know what war you're fighting but every long is not an ignorant adversary.
I wish you well. Enjoy your grandkids.They're the real treasures.
Must be Global warming. I think we need all plastic cars to drive around on the snow in. The benefit of being a light weight fuel efficient car would be worth it.
I'm going on a little vacation. Will you miss me Pelosi?
Wow- Your negative bias is right up there with Pelosi labeling insiders buying 1/4 million shares in Nov 2012 as an act of desperation.
I'm afraid I have to agree with Mr. Shaulson when he credits his "impressive team of talented people dedicated to making MBLX successful" as being a major part of this companies foundation. I bet even Pelosi is impressed with the credentials of this staff. In my opinion Mr. Shaulson is wise to recognize their value.
Again- The longs are not denying past commercial failures. The only one denying anything is you ignoring the real possibility that biodegradability is not the only unique property of the PHA polymers anymore. We think the CEO saying "we see considerable value in the role our bioplymers can play in enhancing performance or reducing end products or processing costs of other materials" nudges the odds of success above the 0% your "unsustainable business model" gives it.
Hey differences of opinion are healthy and we're all know soon enough if Shaulson can pull this off. No one is saying it's a 100% certain that he will succeed but we should all agree that it's not a 0% chance of success either.
Sorry Normey to distract the focus from your Eastman 168 question. My intention was to just answer the Harmony question regarding the number of employees.Thanks again Normey for your continued efforts in the more complicated Industry issues. We really appreciate it.
Below is copied and pasted from most recent 10K SEC filing
As of December 31, 2013, we had 98 full-time employees. Of those employees, 59 were in research and development, 12 were in sales and marketing and 27 in general and administration. Among our research staff, 20 hold Ph.D.'s and 31 hold masters' or bachelors' degrees in their respective disciplines. Our technical staff has expertise in the following areas: microbial genetics, bioinformatics, metabolic engineering, systems biology, plant genetic engineering, fermentation process engineering, chemical engineering and polymer science and engineering. Most of our employees are located in Massachusetts. None of our employees are subject to a collective bargaining agreement. We consider our relationships with our employees to be good.
Today's news- real problem- real solutions- do your research.
Anticipation has repeatedly turned into frustration in the search for signs of Flight 370 as objects spotted from planes in a new search area west of Australia have turned out to be garbage. Not only is the trash a time-wasting distraction for air and sea crews searching for debris from the Malaysia Airlines flight that vanished March 8, it also points to wider problems in the world's oceans.
"The ocean is like a plastic soup, bulked up with the croutons of these larger items," said Los Angeles captain Charles Moore, an environmental advocate credited with bringing attention to an ocean gyre between Hawaii and California known as the Great Pacific Garbage Patch, which by some accounts is about the size of Texas.
The world's oceans have four more of these flotsam-collecting vortexes, Moore said, and the searchers, in an area about 1,850 kilometers (1,150 miles) west of Perth, have stumbled onto the eastern edge of a gyre in the Indian Ocean.
"It's like a toilet bowl that swirls but doesn't flush," said Moore.
The garbage patches are nothing like a typical city dump. In fact, most of the trash can't even be seen: It's composed of tiny bits of plastic bobbing just below the surface.
Scientists are particularly worried about small and seemingly ubiquitous pieces of plastic that can be from shopping bags, plastic water bottles, or other household items. Waves break the items up into smaller pieces.
Denise Hardesty, a research scientist for Australian science agency CSIRO, said the studies she's been involved with conservatively estimate there are between 5,000 and 7,000 small pieces of plastic per square kilometer in the waters around Australia.
She said two-thirds of the seabirds she's performed necropsies upon have ingested at least some plastic and one particular bird had swallowed 175 pieces.
"It takes 400 or 500 years for lots of types of plastics to completely break down," Hardesty said.
You and Pelosi continue to focus on the past and act as if all longs are unsophisticated uninformed fools. On the contrary most of the longs have a deep historical perspective, we know the past, examined it and respect it. You guys view the present as an inevitable continuation of the past with cold hard numbers as proof. The longs view the present as a borderline between the realities of the past and the unknown realities of the future.
You use the 22 years of the companies existance as more numerical evidence of it's certain failure. I suggest that you consider the following examples of new technologies coming to market.
1885 a combustion engine appeared in a lab- 1908 first cars made horse and buggies obsolete. 1903 -Wright Bros. flew- 1925 first commercial airline flight. 1906- movie tube invented- 1928 Jazz Singer created, 1929- RCA demonstrated T.V.- 1949- Texaco Star Theater aired, 1938- C. Carlson was awarded a patent for dry photo copying technique- 1959 Xerox took off, 1944- somebody wrote a paper on computers- 1964 IBM made a thing called the 360, 1968 Facsimili was born yet we didn't have Fax machines until 1988. Simple math.
My reading assignment is to read MBLX's mission statement and consider that the world's term paper on plastic pollutants is due now. We believe the new CEO when he says they are "sharpening our emphasis on developing performance additive solutions that deliver the greatest combination of value & performance to our customers". We believe in the value of the new products ( Mvera B 5011 and 16003rp PVC modifier) and we believe the new CEO's stated strategy of "driving a shift in our approach to product and application developement"
You and Pelosi have already buried this company while the longs who have remained see a future filled with new opportunites. It would be boring if we all agreed. One last request- stop attacking Normey. The guy really has a skill for connecting the dots and we need someone like him and the world needs MBLX
Thanks Normey- I appreciate your perspective. It does make sense to state a realistic target which if met will gain much needed credibility. We're all looking for the homerun but many a game has been won with a few singles strung together, it just takes longer.
I can handle another 15%-20% setback as long as I feel the company is still on a path to realizing the potential so many of the longs believe in.
It's interesting to see the Dag Dude admit he has been short since the very day he first posted portraying himself as someone "just doing my research and in the sector so I have a reasonable grasp of the numbers".Clever use of the Authority principle Dag.