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If we can get back to .06 or .07 area.........
Then imo its reasonable to expect some resistance at that level.
An Oct 2016 presentation.....
Okay, 2,400+ patients is the total number to be enrolled....and as of Oct 2016 they announced that the trial was 1/3 enrolled....so around 800, so my memory guess of 1,000 is probably not too far off now in Jan 2017.
https://www.resverlogix.com/upload/media_element/250/01/rd-day-october-2016---sweeney.pdf
And it is 250 events that are needed to complete the trial.
BigOrange I know the # is out there.......
I just can't recall it off the top of my head.....working off memory because I don't want to go searching for stuff. If I recall correctly the number of MAC events required to complete the trial is 250....and I remember noting that enough people had been enrolled that the clocks should be ticking along nicely....I'm thinking the number already enrolled going back to last year (Oct or Nov) is around 1,000....that's a memory guess.
Do note that DM the CEO recently said they're behind on enrollment and will be adding, again going on memory, Taiwan.....
After 250 MAC events...............
250 Major Adverse Cardiac Events....futility analysis due at the half way point, 125 events. Its not a timed trial but is rather events based...
My target price is $7 CDN.....
I am liking the chances for EMC.V to hit at least that much by April....
When CES ends....
What is there going to be to get new investors excited? Its not like they're making any profits, gonna need some more sizzle.
I think that's due to cross listing....
Most of the trading is on the Canadian side, which causes some increased volatility on the OTC side of the trading....and when the Canadian Dollar changes value it has to adjust.
Simple laws of supply and demand....
Emblem is a compelling company, for me the biggest asset is Stewart....I don't know of another company in this space that has someone with his experience and, I have to assume, obvious pharma connections.
I thought bears might try to take it down, the short update on the Canadian side will be updated tomorrow after the bell, with numbers current to December 30th. Up to Dec 15th 483K (if memory serves) were borrowed and sold short...we shall see if that number increased, I suspect it has.
I haven't seen them putting any news out, but with the spotlight shining on the entire sector there really is no need I don't think, plus they're very well capitalized anyway.
The only way I see a big correction coming is if there's a bear raid, and even then there still might be enough buy side interest to soak up whatever shares shorts borrow and re-sell.
It looks to me like investors are willing to buy and hold here....when the GOC updates its path to full legalization around April demand could increase significantly.
Kewl....
I think their mailing address is in British Columbia in fact, one of those UPS mailbox services if memory serves.
The Canadian operation was spun out....
All you get with NWGFF is the US side of the biz, and the Canadian spin off isn't even publicly traded. IMO this was just a stock promotion, and it did really well...Some pump outfit called DSR was hired, you know those prmoters who blast out email to anyone with an email address and a pulse, they were paid something like $12,500 to hype NWGFF and it worked, pumped it north of 30 cents Canadian....part of the hook was the share spin off for the Canadian operation.
Now those who got bagged are hoping for greater fools to come along
That may be true.....
Penny stock hyped up pumps happen all the time, I think this ship has sailed that route already.....but there's nothing saying it can't rinse and repeat for another P&D, good luck.
Maybe someone will hire another email promoter?
The last time that happened it pumped the price all the way up north of 30 cents CDN.....and the CEO dumped like crazy, cashing in big time.
The Canadian operation was spun out.....
And its not publicly traded, NWGFF is strictly American now....based in WA state
No big surprise....
With almost 500K already short up to December 15th I didn't think bears could afford to let it get a huge lift when trading opened on the TSX Venture....expecting short interest to double when the next update comes. Some big $$$ at work imo
Nice + move today...
Hopefully it carries over to the Canadian side when trading starts tomorrow, we shall see....big moves OTC when the main trading is on the TSX don't always carry over.
Light trading on the OTC....
To be expected, but no complaints from longs about the direction...I'm sure short players will be active tomorrow on the TSX side.
My take.................
I think its just that the market is undecided right now....there isn't enough history to draw any TA based conclusions, not from my point of view...need to have at least 50 days worth of trading and we've only had 10.
Up to December 15th we can see how the bears played it, borrowing almost 500K and re-selling them into the market. Obviously that's going to have an impact on the PPS. The next update will come out early in January, on the 5th or 6th after the bell and that will tell us how many were short up to the 30th of December. We'll have a better idea at that point if bears were covering, borrowing more or standing pat.
Ultimately it all boils down to investor sentiment....look back on TSLA back in 2012 and 2013: http://www.gurufocus.com/ownership/TSLA
According to the data if you pull up the 5 yr chart TSLA had short interest up around 50% (sometimes higher, sometimes lower) back in 2012. Hard to argue with the rationale, they were losing 100s of millions each quarter and were diluting to boot. But obviously investor sentiment wasn't swayed...I remember back then there were lots of articles trashing Tesla, and lots of bull board and social media bashing. It didn't matter though....the PPS still took off in the ensuring years, going from $30 to $40 up to $100, $200....even close to $300
EMC though, I think their path to profitability should be much shorter....and having an experienced Pharma CEO helps, especially one who ran a company the size of Purdue with annual revenues in the billions.
But there are still risks, its going to be a competitive marketplace....and just on the share price side, bears could raid another few hundred thousand and re-sell them into the market in hopes of trashing the PPS with the hope of demoralizing longs.
And if that doesn't work there are other avenues to influence investor sentient...SA and MF writers can be engaged to do hatchet pieces, maybe something even more mainstream....in journalistic circles they call it the dark side.
Gonna be fun either way....
It must be the spirit of the season
Ultimately we've both gambled....fundamentals don't mean much in my view, its all about sentiment. Bulls think the future is rosy, or at least that it has the potential to be good....bears think the future will be more of the same. But even if the company continues losing money and keeps diluting, so long as there are enough investors willing to buy/hold then the PPS can climb no matter what they do.
Conversely they could achieve profitability and the PPS could drop if more people are trying to cash out than are willing to buy.
NJM I wouldn't worry too much.....
Look at the chart for the past couple of years, there have been 50/200 death and golden crosses and the stock doesn't seem to respond as would be expected.....sometimes going up on a death cross and down on a golden one.
I added yesterday.....
Its hard to say....shorts borrowed almost 500K in just the first 4 days of trading, and they could do the same going forward. Obviously if there are bears raiding the stock, then it will have an impact.....hopefully they take their foots off the gas pedal and try to cover.
IMO they could end up like the bears who were shorting TSLA in 2012 when that stock was in the $30 to $40 area. Fundamentally TSLA looked overvalued back then, but stocks don't trade on fundamentals.
Short interest almost 500K as of Dec 15th...
Here's a blog posting I did:
http://www.avoidthebag.com/2016/12/emblem-corp-short-interest-hits-almost.html
With a consolidation it'll be thousands...
Good luck
Might also explain Intel's stated intention to bail out...
PPHM a candidate for the January effect?
Blog posting on PPHM:
http://www.avoidthebag.com/2016/12/peregrine-pharmaceuticals-pphm-january.html
Blog posting on EMC....
http://www.avoidthebag.com/2016/12/will-emblem-corp-follow-lithium-x.html
I didn't know I-Hub had a thread for Emblem, as its currently only traded in Canada. I'm hoping that when they get an OTC - F symbol that it will give the PPS a lift.
The news sounds good....but
But have they actually been certified?
Here's what the PR says in part:
"...the Company has completed the European Union emission's certification process for the next generation M300 Smart Glasses. With certification, Vuzix expects to immediately commence shipping of the M300 Smart Glasses to European customers". ***my bolding***
So they've completed the certification "process" but have they actually been certified? If yes then there would be no need to use Forward Looking and safe harbor protected language saying the company "expects" to commence shipping immediately. If they're certified they could say the company will commence shipping immediately.
Check the bottom of every PR and it says that "expects" is forward looking and should not be relied upon. Given Vuzix's history of failing to meet expectations.....
Anyway, good luck.....I'm on the short side so obviously my opinions are as biased as those who are on the long side.
Good article on Russia and Ukraine
Winter is coming and its looking like there could be NG supply problems, that can only help prices if they can work out a deal with the EU and Russia:
https://www.bloomberg.com/news/articles/2016-12-09/eu-seeks-to-thaw-russia-ukraine-gas-spat-to-ensure-winter-supply
Management options granted at .08 cents CDN.....
Gotta like that, at a premium to current prices around .05 cents...
Chart showing a cup pattern...
From June/July to present....we shall see if a handle forms, and if it plays out.
Blog posting about Cub Energy at Avoid The Bag.....
http://www.avoidthebag.com/2016/12/cub-energy-kubv-tnpef-approaching-52.html
Judging by market reaction....
Its seems the market doesn't have a problem with the consolidation either, in fact one could reasonably say the market likes the decision based on the + movement in the PPS.
Bye bye XBKS as a penny stock....start paying a dividend and I bet the PE ratio goes up to at least 20
Magic Leap isn't publicly traded.....
But I did publish your comment NJM.
That's too bad....
Makes this site look like Romper Room.
I'm okay with it....
XBKS at currently levels qualifies as a penny stock in many eyes, despite +EPS. Bringing down the OS # will allow them to do forward splits in the future if they continue performing.....and if they return to paying dividends (legacy HMPR paid divies before the GFC) they'll be fine.
There's no "one size fits all" rule with share consolidations...I think they're doing it for positive reasons.
Does I-Hub still allow......
IS ALL CAP POSTING STILL ALLOWED HERE? I SEE IT ALL THE TIME AND I NOTICE MOST INVESTOR SITES PROHIBIT IT.....
Blog post on the share consolidation:
http://www.avoidthebag.com/2016/12/xenith-bankshares-xbks-consolidating.html
With fake walls and iceberg orders............
When I see a big wall on the ask I sometimes wonder if that's just misdirection. The art of war is all about deception. When the big boys want the herd to load up they can make it seem like they're buying by putting up huge blocks on the bid side and showing little on the ask.....
New blog posting...
Commenting on mostly short interest for Canadian stocks I've blogged about including RVX of course:
http://www.avoidthebag.com/2016/12/short-interest-update-on-rvxto-acuv.html
On the Canadian side NF....
It went from 2 to 36 cents, in tandem with the email pump campaign. I have no doubt there will be other Pinkie CSE listed MJ plays getting pumped 1,000% and more....That kind of jump is what lures in all the players who are fascinated by shiny objects.....Ohhhhhhh look at this one, maybe it'll do it again.
Reminds me of Nortel a bit.....
Went to $100 on in Canada and some sharp analysts started saying the emperor wasn't wearing any clothes....they were ridiculed as the PPS rose to damn near $180