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gyro: a little thing called competition prevents that sort of thing. conspiracy amongst so many competing companies is impossible IMO -- it has no historic precedent. there have been conspiracies within monopolies and oligapolies, but never an industry wide conspiracy such that your describing.
it's the old debate about a conspiracy against finding a cure for cancer...many liberals will tell you that the big, bad pharma companies are making so much money on cancer that they wouldn't want to cure it.
what they forget is that the one company who ends up curing cancer will become the most profitable company in the history of the world -- OVERNIGHT.
competition is a beautiful thing.
great article headache
HALF_FULL: my hope has always been that we get paired up with PSA in the same way that the Gleeson Test is now. Many here seem to disagree, but to me that is clearly the logical route and I believe ABT will do that. There are two main reasons why we need to be paired with a current blockbuster test:
1) RECAF is not a standalone marker because it cannot localize cancer like PSA, etc do. I don't want to hear about the imaging application for localization...that is all B.S.
2) Marketing a "value add" to an existing test will be 10 times easier than trying to create our own market.
Yes ma'am. I never say no to a lady.
Let the games begin. And no, Dakota, I haven't bought a single share today.
i certainly didn't expect anything THAT quickly...but soon enough.
Kag get your a$$ back here
stock is quiet but amazingly firm...our flag pattern remains intact. we're forming a base for the next leg UP, which will come soon IMO. once again I remind everybody of the flag we formed in early '05 before the monster run around the ABT announcement.
back then the stock spiked up on higher volume, and then based at lower volume. volume fell off the map, just like now...and then...WHAM.
for those that don't remember:
http://finance.yahoo.com/q/bc?s=BOCX.PK&t=2y&l=on&z=m&q=l&c=
tman: that has been in the filings for a few quarters.
mysscat: i wouldn't say it was positive or negative...there was virtually nothing different. we are at the same cash levels (if you look at the balance sheet we're lower, but they raised a bunch of cash after the filing period cutoff so we are fine with cash), and everything is else is basically the same. we have hired a new IR firm (for 100k shares)...that's the only "news" i saw in there.
same s**t different day.
i will continue buying around these levels as i believe a breakout and subsequent new trading range is coming soon to a theatre near you.
happy mother's day to all the women (Kag included LOL sorry I couldn't control myself)
steel: my only point is that it was no different than usual, so your impression of the 10q seems to indicate you haven't read a BOCX 10q before. which isn't shocking considering i think 90% of the board doesn't read the filings. LOL and don't think you're some prophet for predicting the stock will go down until the next P.R...it is almost a guarantee that we will float down in between P.R's.
Nothing is different in the 10-Q, steel just probably hasn't read one before.
steel; i'm thinking we hold .90 but could be wrong. either way i increased my position considerably at around $1 and feel more confident than ever.
no worries...$2 by fall.
10-Q out...some random notes:
a) On April 10, 2006, the Company entered into an agreement with a consulting firm which is to provide investor relations services to the Company in exchange for the issuance of 100,000 shares of the Company's common stock.
-- If you guys remember, the company did this right before the Abbott announcement, too.
b) In April 2006, the Company issued 410,000 shares of common stock for total proceeds of $227,000. In January 2006, the Company issued 206,250 shares of common stock at a fair value of $161,187 to settle debt.
-- Still diluting us to high heaven for huge discounts off of market prices. At least we're good to go with cash for the next few months (LOL how pathetic)
mysscat: some people like to play devil's advocate on message boards when they are long the stock but doubtful of their investment...ie; the post negative thoughts in hopes that the board will refute them. good-pal was the master of that :)
scouty: ELN, TASR, AGIX, RIMM, NFLD are the most recent (ie last 5 years).
my best one ever was like 20+ years ago...was a surgical tech company which i can't remember the name of right now (something like US Surgical). i made like 40x my investment.
stockjock...i agree with you about the pinks but based on erthang's interview with moro i must say that i would have the same strategy as them. forget about the bb it's no better than the pinks. we are basically a bb company since we are a fully reporting pink sheet. the issue is getting on a real exchange and the ONLY way we will meet the sh equity requirements would be financing or some milestone payment from ABT.
re "convincing the investment community" -- what investment community? do you mean the less than a tenth of a percent of risk capital that is willing to or is allowed to invest in pink sheets stocks?
re insider sales and my "spin" job...if pointing out the fact that Moro/Wittenberg have sold around 25k each in the last TWO YEARS without taking salary is "spinning" then get the hell out of here and don't let the door hit you on the way out.
half_full: this wouldn't be the first time a hidden gem is found in the market... i for one have made sensational money beating wall street to the punch, and so have thousands upon thousands of others out there. efficient market theory = a pile of academic horse s**t.
dakota: market makers and b/d's which in most cases are one and the same for these types of markets. i'm not "sure" but i have talked to at least a dozen firms about it and have always received the same answer. my securities lawyer has said that there is no law preventing it but it is standard practice not to allow it, accredited investors included.
i dug into it quite a bit because i have a theoretical strategy (which i still believe in) which would require me to short penny stocks during reverse mergers...i believe the strategy would make a lot of money and if you can find me a b/d that will allow me to short penny stocks i would be more than willing to share the strategy with you via private message.
dakota; that article describes exactly what i was saying about a week ago re market maker activity in penny stocks. since order flow is one way, they are ALWAYS shorting on the way up and buying on the way down. we only reach a bottom when they have balanced their book. we bottomed around $.70 because that is where the market maker finally got back to delta neutral.
this is contrary to traditional market making on real exchanges, where a good market maker is judged by his ability to go home at the end of each and every trading day with a delta neutral book. market makers in stocks like this have NO CHOICE but to carry delta, because there is no two way order flow to "lay off risk" on a continual basis.
getting off of the pink sheets is extremely important, because we need 1) market maker competition and 2) liquidity.
this is why I used to rant about DC-Steve being connected to the market maker. it costs the market maker nothing to have a few flunkies out there on message boards trying to shake out a few longs here and there on the way down. those who called him a "short" don't realize that only market makers can short penny stocks.
gaboy i'd rather not discuss those kind of details but it should have been filled (ie it was not below market or anything)
I've been trying to buy all day...there are no sellers.
Something else interesting to add...as we all saw a month or two ago, wittenberg filed for a Planned Sale of a few hundred thousand shares. There was plenty of liquidity after the last P.R for him to sell more than 20k, but he didn't.
If that doesn't tell you that there is more to come, then kindly take your head out of your arse.
stock jock: a question...when was the last time moro or wit sold shares? here i'll spare you the effort since you'd have to dig through YEARS of filings to find the answer:
5-Apr-04 WITTENBERG, GERALD J.
Secretary/Treasurer 65,000 Direct Sale at $1.73 per share. $112,450
-- Two years ago buddy. And..is it a coincidence that the last sale was at tax time as well? Hmm...I'll take 20k shares in the last two years to be a vote of confidence thank you very much.
Me like:
http://stockcharts.com/h-sc/ui?s=BOCX&p=D&b=5&g=0&id=p07007044886
Reminds me of our bull flag in early '05 which preceded the quadrupling of our shares in spring:
http://stockcharts.com/h-sc/ui?s=BOCX&p=W&b=5&g=0&id=p37495438465
stockjock: LMAO. the guy is holding hundreds of thousands of shares and millions of options, has not sold any for a DAMN long time, and decides to sell like 1% of his holdings around tax time and you think it's a rally killer.
IMO -- wittenberg/Moro both sold a tiny bit to cover the tax event they had when they excercised that huge chunk of options. If I remember correctly they have done this before, and the more important event is the options excercise not the $30k sale!
Remember that our management crew does not take a salary and has not sold anything in a long time.
Ol' reliable is holding together...our bull flag pattern is a beauty. This range of $1 - $1.10 will soon pop to the upside.
gaboy: i saw someone else using it and i figured it couldn't hurt.
lol dakota too much talking too little buying...thank me later. ta-ta.
dakota: i know i'm correct.
steel: how do you know it was RECAF? and what was the radio station and locale?
headache: it's a number of things but 1) nothing is certain 2) i don't trade with insider info 3) there are a few reasons why i'm buying
I have a very strong feeling ladies and gentlemen and am putting my $$ where my mouth is. Was buying last week and finished up the round of buying today. I have added significantly to my position and raised my average cost basis by about 20%.
One benefit of geezerhood is that instincts become extraordinarily more powerful. Sometimes I think that I know, and other times I have a strong feeling that I know. But right now, I KNOW that I know.
..if that makes any sense ;)
foam: 20k shares sold a month ago...no big deal...about 1.5% of his holdings.
BOCXMAN on the bid today...ME HUNGRY.
headache:
it's the box above that shows the following:
Moderator: EVO
Assistants: bocxman, HALF FULL GLASS
Created: 4/11/2004 6:58:18 PM
See Post #3564 for BOCX due diligence links.
Gold Seeker: IMO there are some additional things to consider...the example is far from apples to apples. Firstly PFE is not paying cash...they did a senior secured convertible for $25 mil. In other words, PFE is LENDING the money to Monogram and will be making interest until the conversion date. We could get that same deal tomorrow from a number of PIPE firms and other "backwater" financing outfits. At the conversion date they will have an equity stake in the company. When the 8-K is filed we will see more details like conversion price and interest rate, but the fact that the note is senior secured would make me very nervous if I was Monogram -- any defaults on the interest or other breaches would give PFE the keys to Monogram.
Finally...we don't know what the revenue share is.
I definitely do not view the PFE/MGRM deal as favorable to MGRM unless the conversion price is way above the current market value and the interest rate can be comfortably paid by current cash flows. Otherwise, the deal is an arbitrageurs wet dream.
fluffy: will take up way too much room
Actually the article is from January 2006 -- just a few months ago! Great find foam!!!