Return to an eroding stock price. Looked promising when it hit 35 cents. The funds are drying up rapidly, and while there may be some thoughts on how to address survival, nothing is being communicated, which means some may be getting out while there is something left to salvage. Well, a little over a month left...I almost think they did all the press releases on the pipeline and product activity to get the share price up a little and also hoping that they would gain some visibility to the industry...kind of like a peacock spreading its feathers. We will see if it attracts a mate of any value.
That is what I figured... That would be something worthy of communicating, especially as we have into September. The million dollars from the Japan partner may get another month if lucky. I am still not sure why they would have invested with a company nearing bankruptcy and no plan. I am wondering how it works also now that the shareholders shot down the proposal to issue more shares. Although, if they follow through with a reverse split, then that gives them room to issue up to the limit again I think...could be wrong though on that.
Time is running out faster than the money. Sad part is that the company said nothing about how they are going to pay to keep running over the next month or so The press releases sounded great, and the timing was such that it would pump the share price up before the reverse split. I sent off a message asking how they were planning to keep the company running...no reply yet.
What do you mean that it is extremely difficult to get shares now? If this were the case, the share price would be higher....supply and demand. I am sure I can go on and buy all I would want.
Yeah, I was thinking the same...too bad they could not be sitting on 50 million or so...I sent them off an email to see if they give any indications of the financing piece...major partner, another stock offering post reverse split, or just sell the company. I wish they would avoid the RS...I am thinking it will be one for 10 to get it up to three bucks initially after which it will decline a bit.
Pretty amazing...and more so that I actually own some! To think I started with shares of old Inkine Pharma way back and it was bought out by SLXP and morphed to this. All of my investments should do half as well...even a quarter!
This past quarter they said revenue was up over 80% from the previous quarter. With all the ongoing hype and "positive" releases, anything less than 100% growth announced in the upcoming quarter will be a disappointment. The only way this puppy is going up is to show a dramatic increase in sales...which should not be challenging to do since they are low to begin with! Then with the increase in revenue, perhaps they will be able to buy a new pH meter for the lab...well after they spend on the celebratory junket!
Wow, thanks for the information...where did you see that? I am sure you would not make up dumb and baseless information....one would have to be a jerk to do that.
Nice, someone concerned about the potential drop in share price puts out an article that perhaps Roche is looking to buy the company...this should lend for a nice bump up in share price today. Atta boy! So when peeps wonder about what is keeping the share price up, now we know.
Well, the odds are getting slimmer for the buyout, especially with PFE padding the poopline with their latest acquisition. Perhaps it will drift down the 60s again. The question will be when it becomes a buy again.
Agree... I like to think they are working on something to address the finance situation, as they keep speaking of the future beyond the previously communicated September time period for running out of funds. I think they said they got a million from the Japan partner, which may add on about a month of longevity. I agree that from a pipeline and regulatory agency submission perspective there is probably not much more they can do, but it appears that they are putting their heads in the ground regarding the financing piece. I will probably send off another email regarding this aspect. Also disappointing that they did not take any questions on the call...guess they did not want to have to answer any questions.
BNGOF Insider trading, low float, near break even, one day US legalizes online gaming, 40 cents ish
Move over hamburger, this company is on a roll! Bwwwhahahaha Not as good as Seek of course bbwwahahaha BNGOF... insider trading, near break even, approx. 40 cents a share perhaps US legalizes online gaming one day.
Wow, so easy....but with a reverse split to get to 25 cents, I thought the overall value is the same...well, until it starts dropping post split
BBwwahahaha dumass...major run up to 2 tenths of a penny if you are lucky.
Where is the low float? Which Company? BNGOF? lots of insider buying, near break even, one day US will legalize online gaming. Who you tawkin bout Willis?
Passed on the $92 a share PFE offer, but now PFE has another bride in mind and looks to be closing a deal for a potentially decent poopline...granted a few hundred million so far from breaking the PFE bank, but does it make AZN less of a target now? Is AZN the Bridesmaid? Is this the reason for the drop in share price today in an up market and the reason for the after hours drop? PFE can buy 20 companies like the one the did for less than AZN. Just wish they would buy some of the small biotechs I have. Lol