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Micron Solutions, Inc. (MICR)

Other OTC - Other OTC Delayed Price. Currency in USD
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3.1000-0.0050 (-0.16%)
At close: 1:57PM EDT
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  • R
    Rainbow
    It looks like that today is the last day that Micron Solutions, Inc. (MICR) will be trading on the NYSE American.

    NYSE is going to suspend trading on the MICR common stock permanently at the opening of business on Monday and will file Form 25 with the SEC to commence delisting proceedings on April 6.

    As far as I know, it looks like that this stock is going to go belly-up really soon.
  • D
    Denis
    who's to blame for this mess and why did it go on for so long? Looking back 10-12 years, what caused the stock to jump way up and then have the bottom droop out? Is this a remake of the Vikings pillaged a village them burned it down. I just don't understand why a small company of this nature was not able to thrive and be profitable. I welcome any comments.
  • R
    Robo
    The company has been borrowing money to stay alive. They are now selling real estate to pay down the debt about $700K, but will likely then have to keep borrowing money to stay alive after that. Then the borrowing capacity gets exhausted very quickly based on the recent trend. They will require an equity infusion (probably from existing investors in a "sweetheart deal") both to stay alive and also to re-gain listing requirement standards. That spells significant dilution to existing equity holders and "throwing good money after bad" for a company that has lacked a viable Business Model for two decades. Bottom line: they are so far into a downward nosedive that anyone short the stock would not be too greedy to just let that short ride. Tariffs and a manufacturing recession support that argument. Tax loss selling season arrives in just a few months.
  • R
    Robo
    So, how many years will Mr. Friedman be content owning $2-$3 per share stock? Think it has been about five years already buried in a loss position. Mr. Chambers/the Foundation have been seemingly content for over a decade---one of the best decades in stock market history. What is it like as an investor or employee or executive having to show live day by day, year by year on the razor's edge of survivability whilst all around you other investors are cashing in big time over the last 10 years? End the misery, sell the company
  • R
    Robo
    Not sure why this is still public. They could be "dancing around" shareholder and banker pressure for years as much as trying to actually run the operations of a company w/a broken Business Model. the D+Os are under a microscope. All around them other stocks are moving to new highs and employees are advancing in their careers. I don't get it. They have tried to fix this for over a decade w/ new CEOs, new CFOs, new Chairmen, new private investors, new lenders, new lending agreements, new product lines, a third-party consultant. Here's a hint: trying coming up with a viable Business Model--instead of cobbling together a bunch of gobble-di#$%$, uncorrelated, low-margin product lines beset w/one-off orders and upfront validation and set-up costs. When revenues don't grow for over two decades a message is being delivered--guess no one at the company bothered to read the memo.
  • R
    Robo
    The days of the D+Os being reactive rather than proactive are probably nearing an end. As for the recent departures of the CEO and CFO, we do not really know if they resigned, were asked to resign, or just wanted to distance themselves (and their names) from a fairly untenable situation. In any event, working there likely not a great "resume-builder". It's been more than a decade of nothing, no growth, no sustained profitability--in short, a nightmare. Inexplicable is how the major inside holders have been so complacent regarding the decimation of shareholder value and their own investment in the company--both real equity and "sweat equity"--- YOLO. It's a shame to have spent the "meat" of one's business career in a virtual coma in a company on and off life support year in and year out.
  • R
    Robo
    They are scrambling, furiously, to save the company--new Chairman, new CEO, new CFO---same ol' mish-mash of low margin, low growth, uncorrelated product lines w/no coherent overarching strategy and a Balance Sheet on life-support. They can't even raise outside financing but have to do "sweetheart deals" w/insiders to stay alive. Financial flexibility to even attempt to grow the company barely exists.
  • M
    MICRCEO
    The thing they have to do is stop the consultant from running any part of the company.
    Sal Emma
  • R
    Robo
    How can they ever right the ship with no economies of scale? This company needs at least $50 million in annual revenue to even come close to justifying its Business Model, probably much more than that. That means large, predictable contracts and working capital to fund such growth. The company has neither. The Business Model remains, as it has for nearly two decades: Throw the spaghetti against the wall and see what sticks and pray that the lender remains flexible as regards forbearance, or that you can restructure w/ a new lender. The puzzle pieces always change (i.e. the BOD members, the Chairman, executive management, product lines) but the puzzle never fits together. Despite P.T. Barnum's protestations to the contrary, I see no exit for the insiders holding stock. Years of re-arranging the deck chairs on the Titanic whether you want to look backwards or forwards unless they address the flawed Business Model.
  • R
    Robo
    Institutions have almost completely abandoned the stock. It is likely that institutional ownership is under 15% currently, and headed for figure under 10% as the exodus from the shares continues. Bosvalen completely dumped its over-sized stake. At the current price point, insiders should just take the company private. The public has no appetite for the stock. The shares are toxic. The company's historic annual track record of loss after loss weighs heavily. It's probably not an equity wipe situation, just a case where few investors would ever be interested in a rehabilitation story that never seems to lead to a profitable bottom line.
  • R
    Robo
    Just an EPIC exit ahead of the de-listing, wow!
  • R
    Robo
    New 52-week low today. This company’s stock is gonna hit more de-listing triggers than I have fingers and toes. The new low arrives just ahead of tax loss sellling season, Looking for sub-$1 before year-end. It’s never comin back
  • R
    Robo
    You can't even remove the BOD. They are probably the only ones that could provide a financial lifeline to the company. This tainted stock is likely considered verboten by public investors. They will never get the public valuation they seek. They will ultimately have to take this private. Public shareholders will be left w/next to nothing.
  • R
    Robo
    Look at the 1-year, 3-year, 5-year, 10-year stock price performance. Yikes! Talk about the parade passing you by. Thye have changed CEOs, CFOs, BOD members, Chairmen, tried different new product lines, but never addressed a Business Model set up for failure.
  • R
    Robo
    Who remains standing at MICR? CFO now gone. The exit turnstile is spinning.
  • R
    Robo
    It's kind of up to the insiders to decide if they want to fold up operations as a public company or remain in denial.
  • R
    Robo
    Book Value is 76 cents per share. It is not worth Book Value. Book Value is a moving target quarter to quarter and has been declining steadily, inexorably. At the current pace, and w/o giving any negative effect to the potential impact of the coronavirus, shareholders equity could be nada, bupkis, nyet in about one year. Some companies' stocks are now trading at a discount to net, net cash per share---take a look at those if you are feeling brave. This stock remains very expensive. There's a reason insiders did not pony up capital to maintain the exchange listing (about $2 million cash was all that was needed to meet the shareholders equity hurdle ). Doubt it ever re-lists. "Free at last, Free at last, thank God almighty we are free at last". Won't forget the principals who were involved here when it comes to future investments. best of luck everyone.
  • R
    Robo
    On a positive note---who is gonna buy a competing ECG sensor from a Chinese manufacturer now? The world may be in need of a whole lot of ECG sensors before the pandemic is over w/the virus having now mutated at least once.
  • R
    Robo
    When the COO (formerly the Pres & CEO) departs, gotta wonder what that means for 4Q results? Not a great harbinger I assume. But really, not any different from what has been going on at this company for a decade or more. What a mess.
  • D
    Denis
    Is this company going under?? It used to be HRT. was the name changed to hide it's past performancee?