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So much for the desired increase in pps today (and with a PR).
If the company has dazzling updates on 12/5 in NYC, this situation could start turning around fast.
What are the shorts waiting for? On days like today, with 1.4 million shares traded, it seems like they added to their short bet, rather than covering and taking gains.
Does anyone else think that the shorts should be covering aggressively at this point? Something tells me that they are not, or we would be seeing a steady, albeit slight, pps increase daily now.
The volume is still over 1,000,000 shares daily. Are the shorts going to try to bankrupt NAVB stock? If they are not covering now, what is their plan? They are up at least $10-$15 million on their short investment now.
I was not expecting a 653,000 short interest increase with yesterday's report. Nor was I ever expecting management to make such poor decisions (masked in good financing in June 2013 that was actually bad financing for then and now with Crede September 2013).
The verbal restraint of most NAVB posters is notable and remarkable.
Like I always say, with NAVB expect the unexpected.
Buyout tomorrow for 5.50? I don't expect it.
I demand it. With the pps this low and the shorts not covering, the company has the opportunity to break the shorts necks - if the company cares to do something right.
What sales figure for the quarter will please the market? Last quarter was around $200K. As far as I'm concerned, anything North of $1 million for q3 will be great. We need more than LS sales at this point. We need RIGS catalysts and European action, immediately.
I have a few things to say.
1) I appreciate the analysis of the financing that Fal1980 and insideoutside and others have done to try to explain why we are trading near $2. I think the drastic selling over the past 3 weeks has been because others figured it out right away - maybe even a few Oldtimers sold out and can now buy back much cheaper.
2) I don't understand the restraint of posters here. I mad enough to bite nails. The financing was not so urgent that the company needed $30 million and destroying $100 million in market cap was well worth it (like one Oldtimer has said).
3) I still believe the company knew DAMN WELL what would happen with the Crede deal and we are the victims.
4) Getting the pps under 2.00 seems inevitable and getting back above 2.00 seems like it will be a challenge given the way things are going. Like DDbuyer said today - RIGS is NOT mentioned as a Q4 catalyst now! What's next, European denial? The FDA changes their mind about Lymphoseek?
Nothing negative will surprise me at this point because people that know the real story are long gone.
Oh Cheshire, oh Cheshire!
If the company announces the official start of the RIGS Phase III trials and gets the European approval and partnership, THAT MIGHT be enough to turn this around.
If the company announces the official start of the RIGS Phase III trials and gets the European approval and partnership, THAT MIGHT be enough to turn this around. The company MUST have financed the deal this way to assist the shorts.
Down only 1,055,000 shares is not really that significant. I expect the short interest to be down more on 11/8.
I also think that it is possible that when the 11/8 short interest comes out for October 16th - October 31st, we may see the total number of NAVB shares short down to 12,000,000 or even 10,000,000 if the shorts have been covering.
If they have not been covering though, how low can and will they take NAVB? We should have a better picture of things soon.
GLTA.
The new short interest report is due out tonight. We saw massive selling from October 1 through October 15. Will we see a drastic increase or decrease in the short interest? An increase will be very concerning to me. A decrease could mean that a reversal in the pps will be coming with promised catalyts.
GLTA.
Excellent post! There is no reason for them not to be buying NAVB stock. Their other insider buys were as high as 3.08 in the past 12 months. Is 2.08 not a bargain?!
You were right that we did not dip below $2. I am annoyed just the same that we have slid back from 2.26 already to 2.14. From where I'm sitting, 2.50 as a base may be months away as so many millions of shares have recently traded below 2.25. Disgusting and unacceptable. While catalysts are promisied, I am quite impatient with this company now.
I don't enjoy posting as a naysayer, but THE COMPANY SHOULD HAVE COME OUT WITH THIS EXACT LETTER AT LEAST 5-6 DAYS AGO.
They have been in bed with the destruction of the stock price and I fully believe they helped to bring the price down THIS FARKING FAR.
BUT I will ask this question - IF IN FACT CREDE AND PLATINUM ARE NOT SELLING, THEN WHO THE HELL IS?
The company could buy back shares at this discounted price to put some money where their farking mouths are. I fully expected the pps to slide under 2.00 today without a word from the company. I need to take my own advice and expect the undexpected.
From where I'm sitting, the slide is not over yet. Not even close.
Maybe the next analyst update will put NAVB at $11.50 within 12 months. LOL.
PERHAPS the company is about to announce the start of the RIGS trial or some other huge news (and the stock is going to surge along with said news) and the shorts have been given a courteous exit opportunity by an as of yet unknown entity. Or perhaps we go under 2.00 tomorrow and stay there for a long while. I don't know if it's the fact that Halloween is right around the corner or not, but watching horror movies and imagining that the victims are various Navidea personnel is getting more fun each day. (This is the closest I can come to posting my real train of thought on things). Most troubling is that calls to the company are not yielding any meaningful answers.
1,994,000 shares traded today and down to 2.03 WITHOUT BAD NEWS - unreal. I hate to think about what bad news will do if that is what we get next.
At this point, one piece of bad news could take us to 1.50. Why is the company being silent?
We need a shareholder lawsuit.
I don't think they give a damn about shareholders. I also believe that company knew damn well what was going to happen with the Crede deal. What we have been seeing since 9/24 explains why we have not seen insider buying for quite a while now. Why we are not seeing insider buying at this level makes me want to post things that would get me booted from ihub, arrested, and ultimately jailed. No, I'm not kidding.
We don't know who Tulip, Pykett, and the rest of the morons at the company know in the financing realm and just how corrupt this entire transaction has been, but it is becoming quite clear that the stock is headed under 2.00 and perhaps there is trouble looming on all European fronts. The paychecks of all Navidea employees are guaranteed for many years to come from this financing deal - that is obvious. And THAT was more important than loyal shareholders and shareholder value.
Is a lawsuit worth looking into? Most likely.
It's not clear who he believes is doing the selling. He does say that it is not Montaur.
Who is DDbuyer hinting that the big seller is if it is not Montaur?
If the seller is related to two NAVB board members, what was the Crede funding for exactly?
When will the company address what has happened here?
It appears as though the shorts are being let off the hook easily as millions of shares are trading at 2.20. New catalysts can come as early as tomorrow (like European Approval). Regardless of where the stock goes on the day of European Approval and/or Partnership news, the long term destiny of the company and stock price is at least 4X from where we are now.
GLTA.
European approval could come as early as October 18th. Why would Platinum give away so many shares of NAVB? The more I think about that, the less I like it.
IF IF IF Platinum-Montaur is selling at these ridiculous low levels, then they were in bed with the shorts all along. IF THEY ARE NOT selling, then this is not making much sense as FPMI only has 1.2 million shares to sell and we have seen more than 12,000,000 shares sold over the past 11 trading days. The next short interest report will be more interesting than any we have ever seen.
Will it show a 5,000,000 share DECREASE or INCREASE? I really have no farking idea.
GLTA.
AND THERE IT IS 2.29...Come on Brent Larson - earn your pay and keep us informed!
I'd like the company to step up and tell us EXACTLY what the recent $28 million dollars they raised is for. If the market likes the explanation, our pps should head back north.
The last three October's have not been good months for Navidea or Neoprobe. If you look back at historical prices, October has been one of the worst months of the year for the stock year after year.
No, I did not see that. That should be a good sign that we are currently trading at the base.
B/A Size
73500 x 8300
2.30 X 2.31
We don't want to see 2.29 today with 73,500 shares on the Bid...
We are averaging 1,000,000 shares per day in volume from October 1st through today - all with downward pressure. Ridiculous and temporary.
Tomorrow is the 15th of October. The next short interest report could show an increase in the short position of as many as 3,000,000 shares in my opinion - ALL IN ANTICIPATION OF FRIDAY THE 18th EUROPEAN APPROVAL OF LYMPHOSEEK.
They are holding it down very well and get some foolish longs to sell shares of NAVB everyday. Those sellers will regret it.
GLTA.
Agreed. It was dilution plain and simple - and why it was really necessary at this point I do not know. The company has access to the GE financing. I call a spade a spade and whatever the company plans to do with the money, I sure hope an explanation of such is provided in the form of a PR very soon. This PR could be a catalyst that reverses this unjustified downward trend.
$54.4 million is a lot of money.
Tick tock.
GLTA.
Bid Size 25,600 shares @ 2.42
Ask Size 6,600 shares @ 2.43
Looking stronger.
GLTA.
I don't believe that Peizer invested so heavily in NAVB without solid information that the retail shareholder does not have access to.
I share your concern about the market in general and the Federal debt that in my opinion, will never be fixed.
As for NAVB, the stock is partially a victim of Washington's BS, but I also believe something else is going on here at the same time.
A run could start anytime in anticipation of Europe. Let the good Lord hear me.
GLTA.
If you are right, then we should see at least 2,000,000 short shares covered when the October 23rd short interest report comes out. With the 5,000,000 shares we have seen covered over the past few months, there should have been substantially more covering over the past 2 weeks. Weak longs may have let the shorts off the hook at a a bargain.
GLTA.
Total Volume over the last 13 trading days = 13,061,700 shares.
Who the hell is selling and WHY?
Oct 10 864,900
Oct 9, 1,240,700
Oct 8, 1,725,000
Oct 7, 1,197,100
Oct 4, 550,700
Oct 3, 1,041,800
Oct 2, 722,100
Oct 1, 811,300
Sep 30, 674,600
Sep 27, 882,400
Sep 26, 997,700
Sep 25, 1,279,000
Sep 24, 1,074,400