Opko Health Inc (OPK)

[tredenwater2]

Nice throwback. So, the gentleman that wrote the article back in 2019 (who was short on more than a few of Frost/honig stocks) was possibly a future “friend” of Frosts as he was quoted assaying in his past endeavors how many of those that bet against me (ie shorts) ended up becoming friends with him in the end.

[homeboy]

https://hindenburgresearch.com/opko-health-if-these-sec-charges-were-surprising-then-you-havent-been-paying-attention/

Old article..some relevance today

[MIKE18181]

Yes, his age woukd be a reason also.
If its gonna do anything it soon.

[homeboy]

Seems like the same story..we think they are setting up to sell the company. After the part sale closes, the remaining part of the lab could be sold to some other entity and Opko would become a research and development company (Modex). As a stand alone like this, it would be attractive to other pharma companies. We’ll be trading this from here on out. Synergies have momentum to the upside time being.

[MIKE18181]

Accounting made the -10m loss look smaller.
Curveball acconting since you like baseball. Closing of BRL not yet, so streamling was Not the real reason. Why, easy one you would have seen a loss in revenue as assets were sold.
So - 25,000,000 per quater minus axtual revene.
^Remember 100m in revs gone, as the unloaded BRL business segment.. 10% buy back is needed as the Dead Dog is obese with too many shares..

[game7alcs]

I decided to listen to todays call. It’s like listening to a call 10 years ago with different promising pipelines or should I say pipe dreams. Put your money to work elsewhere. You will be able to come back years from now and buy at these prices with your profits from actual investments.

[MIKE18181]

Bottom Line is the Bottom Line !
No earnings= No Action.

[homeboy]

We expect some short covering with today’s news. Not earth shattering news, but positive in the short term.

[homeboy]

WGS on the move higher and higher. This gives OPKO some much needed cash. It will be interesting to see how the part lab sale will affect the rest of the lab share OPKO retains…will they finally start making a consistent profit?

[homeboy]

Hey Mike. I think the 80 million is the value of their holdings in WGS. Not bad,

[MIKE18181]

Frost made Money by having others perform the Finance. Hes Incompetant look at the resulrs. Frost got a free ride of otjers expertise.He is a Liar, farce, bullshetter.m He nows zip about financial mgmt. Hes a Fraud, and harmed shareholders. Going concern rating on broke Opk is a FACT !! A Fact !!!

[MIKE18181]

IMO, the 80million shares of Genedx is going to be unloaded. Word on the street is Opko is insolvent.. 155m in adj revenue and - 81million loss this is a horror show.

[game7alcs]

Hey Tred, good to hear from you. Yea it’s kind of a moot point that regardless of what is going on here, the shareholders are the ones getting the shaft. As usual.

[homeboy]

OPK (Opko) short interest is very high.

[homeboy]

Current Issues with OPK:
1). The part lab sale will lead to more cash on hand, but will it lead to better management and profitability of the remaining lab structure? 2) OPK last quarter issued 250 million shares to the treasury. OPKO is running out of cash on hand and will use these shares to fuel the company if needed. 3). WE expect that if the sale of the part lab is not done before the next conference call the stock will sell off and investors will take a wait and see approach.

[tredenwater2]

Game and Mike there is a possible chance that HF’s and other BP are suppressing the shareprice as a takeover maneuver to get at Opko’s IP. Dr. Frost Im sure has made or attracted many “future friends” along the way. History and God will be his judge and yes, I feel sorry for those that over invested and got taken to the cleaners and agree that not holding ones breath waiting for the halls of justice to save us is a good idea. We are but sucker fish on the smallest of bait in the sea when it comes to their priorities if ever.

Cheers

Tred

[game7alcs]

If you think Dr Frost is corrupt you should take a look at our DOJ, SEC and other govt agencies. They make Dr Frost look like Mother Theresa. They aren’t going to help the shareholders here recover from a bad investment in a highly speculative company.

[MIKE18181]

Department of justice (DOJ, SEC and more). We dont want an anti trust or monopoly or unfair business / competion that hurts consumers !!!

Ok, listen.. but you allow a CEO Phillip Frost to control the common stock, Mislead, Lie , Harm hardworkibg shareholders..
Look at the results since 2006.
Should have been fired for losses to all Opk shareholders. " to be held accoutable for lack of performance "...

[MIKE18181]

Takeout price is 3.00 IMO

[homeboy]

Looks like a positive turn of events while we were away. They are setting this up for an eventual sale..perhaps not this year, but I think it’s coming. Probably an all stock offer from some other Pharma company. I don’t see anyone offering them cash for a company that hasn’t and isn’t making money. This endeavor for the Dr. has been a colossal failure for most investors. A lot of hype over the years and not delivering on the goods. Take care everyone. We’ll hold our position until we see a good exit point.

[tredenwater2]

Makes one wonder after looking at the trading pattern of CDXC (whom Dr. Frost is connected with) if OPK will do the same in the near future. Transfer of wealth in a very coordinated manner imo.

[tredenwater2]

What a shet show! Millions and millions of shares trade on Monday and 10 million plus today and the stock barely climbs. Let me guess, it was a quadruple whitching Monday and the moon was full? I have to admit I have never seen trading like this, is this even legal?

This stock is flat out evil. Whoever is manipulating it is surely going to hell in a hand basket. Outright greed imo strip mining shareholders of absolutely any chances here. Not even fun to watch the crazy shenanigans going on.

Ive lost the last 2.5% respect I had for Dr. Frost and team of which 1.5% of it was for Dr. Jane Hasao. They could solve world hunger and I wouldnt even bat an eye. This is text book bullshet!

[tredenwater2]

If that is true it is very sad to hear Mike. I lost money a couple of times but was able to profit very early in 2015/16 before the HFT AI trading took over. You are but one of many that have been systematically “cycled” out of their money. The trading of this stock appears to be so robotic, almost programmed through AI squeezing every last penny out of investors. Maybe one day Dr. Frost will have to answer here on earth for why he was so incompetent at the helm of a company he holds and continues to buy many millions of shares of stock of.

Do not worry, God will “settle” his trades.

Happy Easter!

Tred

[MIKE18181]

I sold every Opko share and Lost 437,000 dollars and my retirement money is all gone.
I sold all of it at 90 cents down to 86 cents.
Wiped out.. and then it went up to 1.25
Even at 1.25 I still lost 95 % .
Frost got away with it! SEC would not award me 1.00 buck

[MIKE18181]

88 cents and dropping. Chart momentum was showing it even with Frost buying.
Not looking good.

[MIKE18181]

Yes, I wrote about Yvonne Briggs IR, and said as I asked a simple question, I started to probe other harder.
Result backed off, and told me to read the Q reports . I called you, because you the Investir relation support. I got more calls gotta go.
This will be sold and the time frame to me looks like 2 qtrs

[homeboy]

The reason we ask questions directly to management is there is an underlying tone that is not open with this company. I highlighted that with Adam Logal during the conference call mentioning the repurchase of shares. That was a deflection from what was really going on… Yvonne tries to come across as being open at the investor relations department. As a former business owner, I can assure you what you get from investor relations is scripted to what has been publicly released only. Behind the scenes is a different world. We (our team of investors) are betting on some type of buyout. Elias is in his 70s, Frost is near 90. Those are the main characters. Both cut from the same mold…grow the business, then sell it. Very common practice.
What Yvonne tells about the current outstanding shares is only part of the story. In a buyout, many of those reserved shares would also have to be honored. So, being conservative 1,000,000,000 shares at this point would be the buyout amount. For example: a buyout at 7 dollars would represent a 7 billion dollar purchase. Modex has value potential we think. As many here have said, the lab has been a nemesis and OPKO has not reacted fast enough. There was a reason the former owner was happy to sell Bio for 1.5 billion. We can see clearly now. But what remains a mystery is why OPKO continues to fund it at a deficit in the hundreds of millions? On another note…
We will be traveling for a while until mid June to China. Until then, hopefully OPKO will have some good fortune during the interim.

[MIKE18181]

Good information Homeboy, I talk about that a while back. I knew that the casflow statements and Income statement never were fixed.... Issuance was the only quick savior.
This 1,000,000 share buying is not going to solve the perception from the destroyed Audience.
A sold company would...

[homeboy]

I inquired about the specifics to increase the share count:

“The Board has unanimously adopted and declared advisable, and has recommended that the Company's stockholders approve, the Charter Amendment, which would amend the Certificate of Incorporation to increase the number of authorized shares of common stock from 1,000,000,000 to 1,250,000,000.

In addition to the 726,764,700 shares of common stock issued and outstanding (including treasury shares) as of the record date, the Board has reserved an aggregate of 418,733,078 additional shares for future issuance, consisting of the following: (a) 53,731,069 shares reserved for issuance upon the exercise of outstanding employee stock options; (b) 32,912,579 shares reserved for future issuance of awards under the 2016 Equity Incentive Plan; (c) 48,295 shares reserved for issuance upon conversion of the Company's outstanding 4.50% convertible senior notes due 2025 issued in February 2019; (d) 8,489 shares reserved for issuance upon conversion of the Company's outstanding 2033 convertible senior notes issued in January 2013; and (e) 332,032,646 shares reserved for issuance upon conversion of the Company's outstanding 3.75% Convertible Senior Notes due 2029 issued in January 2024.

As a result, the Company currently has no authorized but unissued shares of common stock (including treasury shares) that are unreserved and available for future issuance.”

[MIKE18181]

This stock Opko is getting spanked , I hope something is coming. . 775m @ 2bucks 3 4 5 6 7 8 × the outstanding or unload BRL.
Genedx holdings went way up after 1.16 slide.
So, they don't need just cash they need a SANE financial plan..

[game7alcs]

Dr Frost has absolutely nothing zero nadda up his sleeve. I check back once in a while and still the same nonsense. Sell. Get out with what little you have left.

[homeboy]

Frost must have something up his sleeve. He alluded to that without letting the cat out of the bag during the conference call. We are holding our position. A little under water.

[MIKE18181]

Yes, I also paid attention to what Elias said.
And the chang up to this year. I heard last year by the 1st quarter of 24. . These continued misses is why recommending from a brokerage to clients, Institutional and the public they sold and lowered holdings . Did here it right.
1.4 m on pfe 3rd qtr / and 12m on q4 pfe
Covering the expenditures from this, needs a budget . Weight loss drug, good luck !

[homeboy]

Elias, whom I like, a year ago talked about being at break even with the lab by 2024. That didn’t happen and in the last conference call he regurgitated his remarks from a year ago that to be profitable sometime this year. Price reflects the lack of execution. The lab is the cause for the price as you say Mike..it has been choking OPKO since the purchase. Frost mentioned the lab was making 100 million a year at the time of purchase…I am starting to have my doubts about that statement.
With the new note deal, Frost will have/has more than 300 million shares. Logal wanted to highlight during the recent conference call that OPKO bought back 50 million shares with the note deal. That is just part of the deal. He failed to mention OPKO also had to reserve approximately 200 million just in case the notes are not repurchased. Dilution possibly to the tune of 150 million shares give or take.
Like you mentioned Mike, something has to give. One of the stocks we owned was KOPN and during the pandemic it went below 40 cents and on a squeeze went to 12 bucks before retreating. Frost stated the repurchase of the 50 million shares would put a floor in on the stock price right about where it is. There is 94 cents below the floor??

[MIKE18181]

.93 cents Dude.. Does the cash on hand and upcoming losses gonna give this a down draft.
Some analyst believe .-30 for 2024 FY
Dicey or play the rocking chair trades
Back and forth. Back to 1.00 or 1.01
Regardless, IMO this can't last much longer

[homeboy]

“Market makers can influence stock prices by buying or selling stocks in large trading volume.”

[MIKE18181]

Exactly, I said 3 quarters of cash. Yes concern for the burn. If you being choked, pull the hand from your throat. The point is they will collapse without action. This is Bad man.
Cheap got cheaper, and more cheaper.
Wedsday trading will be down

[MIKE18181]

Exactly, I said 3 quarters of cash. Yes concern for the burn. If you being choked, pull the hand from your throat. The point is they will collapse without action. This is Bad man.
Cheap got cheaper, and more cheaper.
Wedsday trading will be down

[homeboy]

Conference call revealed, reading between the lines, there is about 2 quarters of cash on hand to carry the losses. One analyst asked about disengaging from Bio and becoming a pharma only business. Take care everyone.

[MIKE18181]

Price to book ratio is .57, 1.00 is acceptable.
Investors say look Opko is Undervalued.
The real detection is " Financial distress "..
Be careful, and yes it could punch the wallet even more Cheap means something, and nobody is beating a path to buy at under a Buck..
It's mismanaged and Risky..

[homeboy]

Revenue matches market cap pretty much. Thinking it can’t go lower can be dangerous to the wallet. Market makers will release the leash when they see fit. OPKO management is not moving fast enough to cure the constant loss per quarter. The note deal was self serving…and we will never know the full details. Warrants for the 230 mil at 5 bucks a share would have been a healthy way to instill trust. I don’t blame Frost for doing what he did. This company would have dried up long ago without his money. Have a good week…earnings Tuesday after market. Although they are guided to lose money the best we can expect is that they beat the loss and good news of some sort for the near future. Take care.

[MIKE18181]

Opko stock will be on sale this week.

[homeboy]

Not sure what they think they can accomplish with NextPlat in a country where the government owns all the land (people can buy a home, but not the land), and people are poor. I’m not expecting anything money wise to come from this. We are in a bear trap…the only way out is good corporate news. Take care everyone.

[game7alcs]

Yea you can’t. Teaming up with this company is the act of a penny stock company. That’s all I think. Hope you bought cheap shares and don’t lose much like most people have.

[MIKE18181]

Opko selling dog food? Is it true ?? and do they want to just set up a Limited Partnership to " short there own stock somemore" .
I hope there is a mention of financial Eps impact
When can you believe these guys about any development.??

[game7alcs]

Are you excited about OPKO selling pet food. To da moon lol

[homeboy]

Thanks Mike and good analogy.

[homeboy]

The 2019 notes they recently bought were to be converted at $4.22 a share.

Not one comment from an analyst regarding this recent note deal. Hmmm

[MIKE18181]

Homeboy, great post ! It's accurate of what you see, what I see and what institutional investors see, analysts see. .. Everything he buys, it admits something Lacks.. To over compensate for mismanagement.

**Movie theatre analogy, 26 tickets sold to watch the movie and nobody came except Phil Frost. " he bought up 26 movie tickets and sat in an empty theater. The point, somethings needs to be done to get people to come. Denial runs Opko...

[MIKE18181]

I used to do well 20 to 35% annual growth on a 5 year run. Or consistant growth of 15 % .
Eps, and revenue with a solid ranking !
Translation: investors become interested.
Ranking of between 1 the best and 5 sell..
Opko, is ranked based on truthful performance
Year over year. It doesn't delivers.
The stock price tells the truth, and its true !.