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As always, time will tell with this one. Unfortunately, if it is 'as always', it won't bode well for shareholders.
“We are pleased to have completed this successful capital raise, which not only strengthens our balance sheet but also allows us to focus on accelerating our growth initiatives,” said Eric K. Olson, President and CEO of SINTX Technologies, Inc. “This infusion of capital provides us with the financial resources necessary to fuel ongoing projects and reinforces our ability to deliver on our strategic objectives, ultimately creating significant value for our shareholders.”
Translation: we are pleased to inform ourselves that we can continue our bloated salaries with a word salad to the public. As you all can see, nothing of actual substance is in our announcement. Thank you once again for trusting us with your hard earned money. We in turn WILL continue to use that money as always...to benefit management!
A special note to those who invested in this recent offering and now see their stock at close to 30% lower: Better luck next time!
Since Zimmer is mentioned on this board nonstop, it would be interesting if Zimmer EVER mentions Sintx OR if any OTHER posters on the Zim board mention Sintx. Just saying, as I have zero interest in doing research on the matter, but have seen MANY times, small companies (and their followers) mention the big guys and their connections to them (alleged, potential, small, and imaginary large), in order to show their own values....which never seem to arrive.
Good move!
Congrats to all (even though I'm pretty certain it's temporary). Traders definitely making a killing here. They're getting another patent. Yay! Timing is everything. Now would be a good time to quickly raise funds.
A realist looks at the stock price's trajectory from day one and says, Hmm, no one is EVER truly interested. I wonder why? So, perhaps they look at the type of cc's the company has always had, or perhaps they've noticed the lack of communication (for the most part) between management and shareholder, or perhaps they've seen one too many news releases that didn't really release ANY news OTHER than 'fake' news such as the O2 thingy, or perhaps why management and others 'in the know' don't invest in their own product, or perhaps they wonder how any credible, conscientious CEO can bonus himself while ALL shareholders are left on the line to dry. That's what a realist sees. On the other hand, the pollyanna pov can't see any of this. For them it's much easier to see a conspiracy behind it all, along with negative verbiage (actually anything at all negative and contrary to the pollyanna pov) and declare it 'basheresque'.
Btw, new all time record low today: the one thing Sint has been consistently consistent in. I guess that's a basher comment as well. So to even things up, I'll put in a positive comment. Go Sint! You guys are starting to make sense now. Instead of going from over 1 million per share to under 3 a share in x amount of years, I can see you guys going from $500,000 to under $3 next time around: a 50% improvement!
Perhaps a basher would be in agreement, but it's also what a realist would be in agreement with...
Now that's a surprise...not. Trading down another 5% in early morning trading, just shows what the investment community thinks when handed another nothing burger of a press release. You want people interested? Invest in YOUR company yourselves! Be willing to share some of the 'growing pains' that only retail experiences as you continue in the R&D stage (which seems forever). But nah, just keep handing out the fluff. It's gotten you this far.....
Let’s review (my interpretation of what Sint is really saying, along with what I'd like them to say):
1) Our way of getting income remains mostly on the backs of the longsuffering shareholders.
2) We hope to modify or renege on our contract with our lessors (yes, this one makes Joev2 especially happy because he happens to own the stock of one such ‘lessor’ (RC) who is struggling because of the likes of the Sint’s out there who can’t honor the contract they agreed upon).
3) We expect our cost saving measures “will extend the Company’s cash runway well into 2025”. What we WON’T tell you is any sort of estimate. In other words, it’s completely subjective to our own interpretation. You may believe ‘well into 2025” means the last quarter, but we may believe it’s April. And let's not forget Sonny's comments way back when he raised all that cash and stated how financially sound we were until....we weren't.
4) We're looking for business in various ways. (Now, that’s a novel approach)!
5) This is one I’d like to add and perhaps it was just an oversight, but it goes something like this: We are re-negotiating the severance pay for our former ceo as we believe he’s getting way too much for putting us in the position we’re in now.
5a) As the new ceo and former old ceo, I will not be taking any bonuses, nor will I be taking a cash salary as my other endeavors are more than supplying my needs. Instead, I will be paid in stock and stock options until we become profitable. When we say we want "to deliver value to our customers, shareholders, and employees,” my actions are showing these are not just words, but rather I and especially Sint the company, truly mean what we say and that we truly care about our customers, shareholders, and employees!
Some things never change here: record lows and record silence from Sint's elite. No need to apologize Sonny. No need to change course Eric. No need to buy shares bod. No need to do anything guys but collect your paychecks for giving your shareholders the usual zero for their trust. Clown show continues.....
Yes! One of my problems with Sint since I started following it....
A lot of assumptions being made here. The fact that they're closing down one doesn't automatically mean they will use the other. Perhaps, the amount of work they were expecting has been minimalized to such a degree that they realized they don't need 2 facilities or even 1 or even at all; that's why they're closing it down. After all we're talking about Sint. Perhaps everything is delayed as usual. One thing we know that's always on time: the ceo's paycheck...
Finally, I would say most HAVE put 2 and 2 together. It's when we imagine something there that's not, is when we can't figure out simple math.
Gotta luv Sint! It's like the only scammy play out there that even 'professional' pumpers can't seem to figure out. Just look at the ST board to see the continuing jumping on and jumping off of ship, without ever quite getting the real 'run' (unless one considers a half day, or after hours, a run). This in turn makes me wonder if Sint is a scam at all OR if it's just so idiotically and arrogantly run? I mean, no company can be this stupid and arrogant at the same time, can it? Me thinks it can! At the same time, even most downright scams don't ruin shareholders as quickly and as frequently as Sint has. The CEOs of those at least feign concern, whereas Sonny's concern is for no one but himself, regardless how it looks (ignoring shareholders, awarding himself a bonus year after year in spite of rotten performance both in stock price and actual achievement).
Anyway, a new day has dawn. We have the previous failure taking over for the present failure, while maintaining the present failure for other duties. Incredible company (in the most negative way) with a bit of mystery in it as well!
As anyone can deduce, Sonny is a control freak. This is why he handled the cc's the way he did, with himself as basically the only one talking and no one else being allowed true input. This is why he alone qualified as ceo AND cfo. He also never apologizes or admits to being wrong. This appeals to an investor with like qualities. This is why some can't accept a loss in an investment, while others can. Mathematically, they see the numbers drained, but intellectually they draw a blank. This is Sonny's mentality to a tee. This is perhaps why he gave himself bonuses while everyone else saw great underperformance. Of course, the other alternative is corruption. But again, if we think like a Sonny, we won't see him for what he truly is. And we likewise, won't be able to see our failures either. Sint is a failure!
TA you know the game. Sint is a game being played, but it's only going to go so far. The powers that be, have already given them warning. Sonny got his parachute and I'm sure Eric will as well (probably the real reason he's there again...to collect a little more). One left because he couldn't make this a winner while staying private; the other came in to make it a 'public' winner but instead continued the losing (loser) streak and now it's back to the first guy again....and he's starting where the other guy left off...no communications to boot! Can't make this stuff up! Glad I never got involved and also happy for those who woke up (excluding Sonny). Sint: the everlasting drain on the investor's pocket.
I don't know that Sint did not release the news, meaning they could have 'friends' on various boards, doing their bidding for them.
So true! What is there NOT to bash? Sint again did not disappoint bashers, shorters and every other individual who is NOT a fan of the company and it's leadership. With Sint, it's always ONLY a matter of time before they come through for the naysayers. And they did it again today. Surprise, surprise....yet another record low!
Just saw an ad on another board stating, "invest in the ultimate gaming experience". For a moment, I thought they were talking about Sint, Lol!
Setup by Sonny and gang? Just got in and saw the decimation. Great job, Sint! Perfect timing of the (rehashed?) news concerning the patent. Boston mentioned that it isn't in the control of Sint when a patent gets published, but I would assume it IS in the control of Sint, when to release such news to the public. Once again, looks like a con job to me by Sint personnel, bwdik?
Whatever it was, it certainly drew interest.
Look at the volume! Wow.....definitely one of the better timed announcements. Nice pump, management. Hope all your friends did well. I'm sure within a few days, the chatter will once again settle down and they'll be a new slew of shareholders stuck in financial quicksand. Hopefully, you got enough financing to go another 3 months but if not....well....you can always do another patent!
Another patent! Who would have thought? Go Eric! Go Sonny! Looks like you got some buying with that one, but may I suggest....using one of those patents here and there? Remember, you still have bills and salaries to pay, including the two most important ones.
And may I add: perfect timing for the announcement as always!
Congrats Ttubular...hope your trade went well.....
The fact that Theranos was a fraud doesn't make Tsla one; nor does it legitimize Sint. Being investigated means....being investigated. I thought you're innocent until proven guilty. And even if found guilty, it doesn't make it any more the fraud than Bank of America, Citicorp, Pfizer and countless others who do illegal things in order to profit more, but overall they DO profit, regardless. To compare Tsla in any way to Theranos is a total joke! The cars do run; Theranos was a shell, outsourcing their 'business'. Awful analogy....
I agree. Just be careful with this one because there's a lot of nonsense posted non stop AS IF the company is a success...or should be. It isn't and there is no evidence that it will ever be. The so-called shorts and distorts are and were a bit wiser from early on. Some though, never learn...just like with all boards. The first time I ever heard of Sint, I saw it had already gone down 99% from its initial offering and thus I was guarded from day one. The simple truth: the company (if legit) appears to be run by individuals with the business acumen of two year olds.
After all these years, I still can't figure out why they went public in the first place, considering they were clearly unprepared on how to run a public company (ignoring shareholders, cc's with no live audience/ calls etc). The other alternative is that they knew well what they were getting into, and decided to play the audience anyway (like they did with the 3 offerings from a PR that never came through...not unusual for Sint).
Either way, Sint is, has been, and will probably forever be, one big bust! Sonny is no Mick....At best, he's proven incompetent and at worst, he's just a crook. If you want to have some fun, check on their former CEO Eric, now the new CEO once again. Can't make this stuff up. Just like you can't make up the idea that someone will claim Tsla is a scam while Morgan Stanley holds over 40 million shares as of 6/24, but an individual will say, Sint is legit and Morgan Stanley's "investment" of 13 shares (yes a whole 13) as of 6/24 is a sort of proof of Sint's legitimacy. Like I said, you can't make this stuff up.
Stay with your original plan. Get in and get out. The company is run like a scam. Whether it actually is or not remains to be seen but all you have to do is look at it from the beginning. Down from over 200 to 5 in a year....and it goes on year after year, no matter how much money they raise through fake news releases (see their COVID wonder a few years back). They were able to raise money (millions) 3x because of it and p****d it all away, as they have always done. Now they're back with the original CEO who they replaced with Sonny. Recently they got rid of 40% of the staff. The ex? CEO (Sonny) doesn't communicate with anyone and they ignore your inquiries. The shorts are the smart ones here as they recognized early on, the game being played on true believers. NO ONE EVER INVESTS in Sint. Remember that my friend. All empty promises and no one believes them anymore except one.....
We disagree on what is success here, so I don't know how you can continue to say I support Anson's efforts to distort... in what I say. I DON'T BELIEVE Bal has been successful in anything BUT his salary charade. I simply don't and I don't care if he has a billion patents for so-called addressable markets...that never get addressed in any meaningful way...meaning a good and steady income. I don't care about the R&D which benefits management, but the shareholder and now 40% of the workforce feel the pain. Everything has and continues to be a total waste for the investor and so I stand by my convictions. Btw, it looks like another new all time low closing price today. Congrats....
P.S. Do you remember my post asking you what would be better: to short or buy? The stock at that time was 7. This one is easy to figure out. Anson has done so, and especially the shorts. Give credit where credit is due, rather than trying to figure out how the great Sint, was wronged again. Start looking at the way it's been run....especially since the day it went public. We've both been singing opposite songs since we started on this forum. It's obvious who's been right.
Wrong again. The fact that Anson and I share in the strong belief that Sint is a loser doesn't make me aid in anything he does. That's ridiculous! We simply approach the subject in different ways. The only other option would be to agree with your pollyanna view and that I just won't do. As far as the accusations about desiring to invoke an emotional response with the truth (a bonus every time for Sonny) or using deception, two can easily play that game which you are quite adept at doing yourself. Here's a prime example:
Not a fan of Anson and his ilk in the least, but it certainly makes sense to short a continual bumbler like this. The only thing Sint has been successful at is maintaining salaries and a bonus for the elite. I wonder if Eric will get a nice sign-on bonus and a guaranteed severance just for showing up? As always, let us not forget these highlights from their 10Q, either:
One thing never changes over all these years:
Remember, there's only one important arena where cash must be distributed: Sonny's salary! Everything cutting into that top priority, must take a back seat and if it's a deterrent in any way (towards the goal of Sonny's pay (and bonus)), it's gotta go. Now that Sonny is getting a free 3 month sendoff (I think it's 3, but maybe 6) and Eric is coming on board . And what is more wise than spending it on management and their perks? Lol....one of the worst and poorly run companies I've ever seen. They never stop amazing me....
Nope! But you remember me from the Pfsd board. I owned a ton when Mick was in in charge. Over here, I've bought trading shares now and then but I'm totally negative because Bal is not far from Michie the way he runs this thing. Hope you haven't bought in. IF you're waiting for a rise, look at it's history and see the odds.
Clam up? How many times must one prove a negative? Until something of substance you predict comes to pass, which in turn WILL reward shareholders, I think it's best that people don't respond to more of your guesswork. Others have faulted me for doing just that. Can you blame them? Just keeps the back and forth nonsense going. Who cares about NP Aerospace? I certainly don't. Just more conjecture that may or may not amount to anything for shareholders. Since NOTHING has amounted to ANYTHING with Sint as of yet, why go on and on until or before it supposedly does? How many years are we talking about?
Thought the same thing but also wondered about the need for cash. Is it possible to revamp the whole thing, new name, symbol etc and get a fresh start (meaning being allowed to raise funds via an initial stock offering from scratch)? I have no idea, probably not...but they DO NEED funds. Olson didn't come on board for free and Sonny gets a package to leave. Someone has to pay and this recent 8k about an offering seems to have gone nowhere.
Wow! Thanks for the info Tech01. Obviously major changes....
Again try to read what I say in the context by which I'm saying it. I don't like Bal (no secret). I don't trust Bal (no secret). SOMEONE happens to mention a connection between him and the CEO of a company; a company that APPARENTLY let down its stockholders (ah, a connection to every stockholder here EXCEPT you, who undoubtedly feels let down by Bal) and so I warn others to PAY ATTENTION (so they are not trapped for a major loss AS EVERY previous shareholder has been). That was it. I wasn't trying to work both sides or figuring a way for Sint to lose more than they're capable of doing on their own (actually QUITE capable). I couldn't care less who or what friends Bal has or doesn't have. I never heard of the other guy that was mentioned until it was mentioned on this board. And no, I'm not going to bother to look at Bal's 'good' friends.
Correction: I'm not saying cfms is a scam in itself but rather, the CEO was a crook, or if people prefer....probably not exactly a savory character.
I wasn't pushing anything. I warned based on personal experience when two posters warned people on Lpih that their CEO and Puda Coal's CEO were buddies....even produced pictures of them together. MOST thought these two posters were just bashers (hmm, where have I heard that before?) but I thought at least one was furious for being ripped off by the coal company and so I started listening MORE to what they were saying. Turned out BOTH were correct concerning both Puda and Lpih as being downright scams and I pulled out of Lpih before it was exposed for the fraud it was. If I can find the post thanking the two, I will.
All I did here was post, saying don't ignore the friendship between Sonny and a scam company's ceo (translated: don't just dismiss it, it COULD be true i.e. they're both the same) and then followed that statement with a common sense one that appears to have eluded you. Stop putting words in my mouth! You've done it before as well. With that said, do I think it's possible that Sonny is a crook just like his friend? Of course! How could I NOT think that, considering the history of your favorite company and the antics they pulled and continue to pull?
I realize just like when texting, it's easy for things to get misinterpreted. When I was talking about investing, I was not talking about (partnership) investing like that of a Zimmer. I was talking about (unrelated) investment firms/ investors that invest in a security because they believe in the company's potential and that the price of the shares they own, will go up.
You often quote this 'anonymous' individual as if what they say is factual. But this brings up another point. EVERYTHING it seems, is shrouded in mystery concerning Sint and always has been. I PERSONALLY believe this is part of THEIR plan. Take it whatever way you'd like. Nothing is EVER clear cut though; it's all obscure. CEO never had open ended cc's; you have an ex who's now in charge again who has people questioning 'his' companies antics from the FDA down to some doctor; you have a stock that has NEVER prospered and you have tons of companies/ institutions/ wealthy individuals that have NEVER invested in its so-called potential. Doesn't that cause any concern at all to you???? No need to respond.
As far as having a business-minded CEO, YES! I don't call this new CEO business-like, though. Shady? Yeah, maybe...certainly questionable as to his business acuity. As usual, nothing clearcut. Got to try to figure if he's good or not and knows what's he's doing (again, just like with Bal). You can name all the companies he's established etc, but my question is WHAT has ACTUALLY been done? Who of reputation actually deals with ANY of them where there's a steady line of progress and profit between the two? Which of ANY of them, are of GOOD reputation? Now to be fair, I haven't looked any of it up (other than a cursory view). You can do that if you want and go through all the 'filings' (if there are any) and 'reviews'. Again, it's the usual questions I DON'T have with any NORMAL company, but DO end up having with every scam or gamer-type company out there, as well as with the leadership involved. The recent tradeoff between Bal back to Olson, doesn't alleviate that in the least! It's just the usual, "Hmm what's going on now?" that enters in (as it always does when dealing with frauds). What doesn't enter in and never does is, "Good, we're getting there!"
The ONLY thing I'm convinced of concerning operations at Sint is this: Sonny MAY HAVE been duped himself in the beginning; that's why he invested. I can't even say that with certainty, just like everything else with Sint. Nothing they do is normal, regards to a company legitimately trying to garner a name for itself as well as the product(s) they offer. Not a good summation after all these years.....
I'd suggest saving your last post. I'm sure both of us will undoubtedly keep watching this 'mystery' unfold. Let's see where we are a month from now....
And to Atlanta/ madg etc, I know. I know.....but there may be people out there who are really curious about the company/ products and don't know anything about the history. I have avoided lots of potentially wasted time (and money), simply because one post or poster took the time and opened my eyes to what's really going on with a company I thought might be worthwhile. Hope I can do the same here.
More on CoreCyte:
https://regenexx.com/blog/corecyte-update/
Working for a competitor? Who cares? Seems like he just wants the truth and instead has to deal with a lot of obfuscation. The whole thing reminds me of these guys:
https://nickbrumbywesterns.com/snake-oil-salesmen/
Go Eric! Go New and Improved Sint! Has a nice ring to it, doncha' all think? Perhaps that saying can be patented as well. Snake oil was. "Snake oil and other patent medicines were often sold on the back pages of newspapers,..."
Boston, some would call it 'drinking the koolaid'. To each their own.....We'll see how it all works out and the excuses, if and when, it doesn't. Looks more like the usual 'when it doesn't' backed up by the shorts, as well as the 'investing' community. No interest and Olson's not going to get them there. Perhaps, a return of Bal in the future......