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Thursday, 03/16/2017 8:22:13 PM

Thursday, March 16, 2017 8:22:13 PM

Post# of 3108
3/16/17 CLBS has made a huge mistake selling PCT. I think the stock's share price is going to crater after this news is digested. Why would CLBS sell off the only division that actually produces revenue? They used to brag about the revenue that PCT generated. Where will revenue come from now? They'll burn through $75 million like a hot knife through butter. The 30% increase in afterhours was created by volume of only 220 shares. This will soon be penny stock unfortunately...what a terrible decision by management. The added PCT because they needed revenue. When they needed money, they sold 19.9% of PCT to Hitachi, now they need more money, so they sell Hitachi the balance of the business. What will they do for capital after they burn through the 75 million? Crazy decision. This stock will be at $2 in less than a month once investors truly understand what this deal means to revenue moving forward.
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