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Stocked up inventory to soon for holidays shjuld have waited for Q to be done, but it is what it is. Comparable sales first positive in forever, sales flat YoY but flat with 30-40 less stores which is good sign. Hate the write downs always kills the numbers. But, all in all excellent going forward, very positive consinuation of turnaround. But damn, if could have held off on some inventory could have had flat to slightly positive EPS
Once the DB's and ll their losses and costs are gone in 3 weeks they can start taking that long term debt that isn't due for 2 years out in a more meaningful way hopefully at the same discount but I doubt it, IMHO the price of ASNA debt will go up no more 35% discounts but taking it from 1.3 billion to 1.2 billion at a 35% discount was big, whether shorters and traders realize it this thing is not the same stock anymore and larger players understand that even if you don't. Everyone, article writers included were talking all the refinance debt BS ASNA did the unexpected, refinance? Why not just buy it out at a discount going forward tick tock.
Just two weeks ago article was written how Moody's had ASNA at CCC rating because of possible debt refi in a year and a half, guess that will get rethought. I personally am looking for Moody rating change going forward, analyst ratings/coverage to change going forward even more so as 2020 unfolds. +.16 per share and took out $80 mil long term debt for $50 mil that was not on anyone's radar I can guarantee you that I thought would do more than +.06 per share but +.16 and taking out 6-7% of the long term debt for a 35% discount, never in my wildest dreams did I think that would happen.
Peace out
I was in the bottom on both of them. Who knows, its worth $1+ with our without RS as earnings will be adjusted upwards as well.
Anyone can buy or sell anything as long as their trading platform supports it.
Company bought back $80 million in debt off the open market for $50 million shorty shorty shorty life is gonna suck.
Next Q the holiday Q without the 520 Dress Barns for the last month, probably run in .40+ if RS for 1 for 8 that will mean earnings per share will 8X to so will be 3.20+ for the Q with RS adjustment for 1 for 8 these are $1.28 per share let shorty try and drop this thing after the float shrink's to nothing and they are earning multiple dollars per Q
I will relish it calling all squeezers...……………………………….
Peace out.
Don't sweat it, you can load when they start to play with it as many have a real problem with arithematic will fill you in PM.
Congrats dude, I never had a doubt as you know.
Congrats to all.
Peace out.
They find themselves in the same position as many others did last year at this time, because, their dopey CEO pushed new expensive marketing campaigns rather than doing what needed to be done to straighten out the business.
Was a tough stock this year through playing the bottom buying/selling 10K shares holding my core I have been able to bring down cost to about $2.13 per share thus far, will probably sell on a pop and take the loss then look to get back in late Jan/Feb personally.
They find themselves in a unique position and the first way to restore confidence in the business and future is to find a no nonsense "business" person to run J. Jill not a social justice warrior more worried about righting social slights rather than running a successful business would be the best move going forward.
That last CEO has wreaked havoc at every company she has been with with her social crusades' rather than business acumen before this floundering she had helped totally destroy Lane Bryant/Catherine's which they are just now coming out of the wilderness with still some work to be done. She got them nationwide attention for all the wrong reasons as she did with J.Jill spending money on ridiculous ad campaigns.
From their most recent CC...………..sound familiar to a Franny type deal or what?
Turning to the balance sheet, we ended the quarter with $17 million in cash, inventory at the end of the quarter was up 3.3% to $81.4 million versus $78.8 million last year. This level of inventory is still too high, but does represents a sequential improvement compared to end of second quarter. Looking forward through efforts taken earlier this year, we were able to impact the preseason buys [ph] related to receipt landing late in the fourth quarter. This is a critical step toward rightsizing inventory levels as we enter 2020. Regarding real estate, we opened four stores during the third quarter, bringing total store count to 290. Finally, capital expenditures were $5.6 million.
Too much old inventory, to many opening f stores when they should have been closing dead stores and focusing on righting the ship, clearing out useless execs who had zero business sense and were more in line with a Berkely mindset when it came to business. And those things are just starters so much needs to be done here as it was ignored and they find themselves going into 2020 where others found themselves going into 2019, ridiculous how these sorry arse CEOs continually can just wreck companies and find jobs is beyond me, and not some cheap paying job either they make millions time after time and yet always seem to land a new cushy gig. I will be looking for where this newly unemployed CEO lands next and I will fins a nice sweet spot and short the dog shit out of it, here reputation will precede itself and it should be a safest short in the market.
I will e watching how this unfolds going forward, and digging through and getting to the heart of things including debt and seeing if there indeed could be light at the end of the tunnel, this very well could be something nice to get into messing with at least flipping it wise as it is held at the bottom for a few Q's till serious results are shown, but, a winner it could still be in a 12-18 month time frame and a rather big one, will just have to see.
I see the thing maybe getting pushed hard by shorty in the coming 2 months and am guessing here, I see could have bottom touches of .65-.70 as they have much cash I believe I don't see it falling below cash especially in the middle of Xmas and the loser gone, they can at least save some of this holiday season...………..HINT to new CEO start selling old inventory and new missteps NOW and start looking for a gangbuster winter/Spring line, good place to start lose some junk, raise some cash and for heaven sake quit opening stores and start closing 20-30 losers.
JMHO
For the fourth quarter, we expect total comparable sales to decrease between 8% and 10%, total net sales will decrease between 5% and 7%. Gross margin will decrease about 400 basis points year-over-year, interest expense for the quarter will be approximately $4.5 million, net EPS is expected to be a loss of between $0.14 and $0.16 compared to earnings of $0.05 in the fourth quarter of fiscal 2018. And lastly, we expect to open one and close four stores ending quarter with 287 stores. And for the full year, we now expect total comparable sales to decrease 5% to 6%, total net sales to decrease 3% to 4%, gross margin to decrease about 350 basis points year-over-year and interest expense to be about flat to fiscal 2018 levels.
Closing 4 stores is okay, but, but opening zero stores for the next 12 months and closing some 10 losers per Q would be more prudent IMHO.
Peace out.
Big thing with this as I said is guidance as I mentioned yesterday and what I think so many forgot about. Next Q will be off the chain even only having 1 month of no DB's what so ever on the books that is a whole lot of rents that will not have to be paid and labor costs where the stores were losing so that will save 10's of millions last year DB cost them 100+ million in losses, those get wiped away going forward.
That is a -100 million that changes earnings having a 100+ million swing in the opposite direction. They like FRAN had heavy write down losses they took last Q so that they would be in the 2019 calendar year, like the severance costs for DB's that......
From 10K Severance and benefit costs:
Value Fashion $26.9 million
Also from the CC do not forget the $150 million in savings set to take hold in 2020...……
""""Cash remains our number one priority. We are in the process of rightsizing our cost structure to align with the scale of our go-forward business. We are well on our way to achieving the $150 million of annualized savings that we previously communicated, the bulk of which we expect to realize in fiscal 2020."""
$150 million in savings .75 a share. The analyst asked a question of him about it and if/how much of that savings was in Q4 2019 he said a almost none as it all comes in 2020, times are a changing.
He mentions cash there as well, well we all know from last Q with DB comparable sales being up 10% and cash going to balance sheet we know there will be more of the same and in the holiday Q with 500+ closing forget about it cash cash cash.
This from the CFO in the CC...…..
Excluding Dressbarn, adjusted operating income was $13 million.
Now this Q will have closed another 100 or so DB's last Q 45 but this next one 520 +/-
GUIDANCE its all about what is coming and anyone thinking this thing will be crushed down to some ridiculous number with the holiday Q results ahead where they will earn per share than the stock is selling for now, guidance RS or no RS its all the same if the shares get 10X so do the earnings the story remains the same.
I want to know how much the got for the intellectual property for Dress Barn as guesses my own included have been all over the place from 20-200 million so somewhere between .10 and $1 per share many forgot about that huh? And like I said it does RS for 1 for 10 or whatever that goes up 10X as well to $1-$10 per share
I also want to know what happened to the 17 mil shares I think they were sold to another tute JMHO as part of another deal they had worked out between them some give and take. I thought, which still could be true but doubtful that it was a deal with company you buy these shares for this discount and we take it off the Justice or Lane Bryant deal, whatever it is it doesn't really matter as the page has been turned and ASNA is right now in the middle of the Q that changes it all 100%.
The CEO mentioned last Q he was thankful and knew it has been tough on shareholders but short term pain would make for long term pleasure/results. Just like them taking the severance payment hit and other write downs last Q so would be on 2019 calendar year.
Said last year with another one things getting ready to change in a big way 2020 FRAN 2.0 mark it. Sucks going through the cutting/rebuilding but when it is done damn what a party.
Peace out.
This will be just like RCEL was last year, the timing is exact except FOMX has far more catalysts after March than RCEL did especially the PDUFA in June and RCEL did not have an international partnership to be announced either where they would be getting up front money as they were already marketing overseas.
With MNLO they do add 4 other significant catalysts in the first half of 2020 where there will literally be one almost every 2 weeks. That's what keeps any biotech going catalysts which start with commercial launch in January. When there is a chance of no catalyst for a bit these things get flipped out of and shorted it is just fact, has zero to do with anything else.
Like RCEL this will start trending up after January commercial launch and will just steadily rise look at the chart for RCEL last year from January and you will see the future with this only difference this will be starting higher that the 1'1 but it sill exactly the same period. But, lets just see.
Peace out.
Exactly, tripped me out people were worried about RS? They will have lost almost 700 losing stores seriously? I wonder sometimes if common sense even enters some peoples minds, people short on this are the real yahoos.
Long term this the biggest no brainer at this point in the market and just like FRAN it will go up and stay up they may try and push it down but after that Q report after this one bye bye baby and there should be zero sell off on this one just because of what is coming I mean, you know I am preaching to the choir, LOL
And debt which they don't have a payment on til a year from now they will be renegotiating the terms of big loan you can bet that if they still don't sell Justice (my ick for one I would like to go)
It was sold off to this price first because BK worries, those past then they said landlord worries, that past then RS worries who cares a RS when money will be coming in hand over fist in 2020 RS or not it won't be trading at these prices adjusted that's a fact.
I have no idea what they will be making second half of 2020 but I can bet you its at least double todays share price at this current OS.
Happy holiday's btw John
Peace out.
Yes maybe, but more importance the guidance. One only have to look at what Dress Barn lost the last 7 months last calendar year, those losses will not be there they will go from losing whatever they did per Q to making much more. Just not having those what were huge losses they give guidance that they will make even $1 per share for 2020 how would this sell for under $1 per share even adjusted for RS? That's what never took into account with FRAN they just saw oh they are closing stores losing revenues, so what. They were losing stores that lost them money, in ASNAs case they will have what 650-675 less money losing stores the last 7 months of 2020 than they did last year, ask yourself how much money will that mean they aren't losing?
Its just common sense, and I was thinking well for some maybe good to sell some post RS pre RS etc, that makes no sense either, its like money in the bank at anything under $1 a share it just is if someone thinks rational about it, I won't sell a share and if they try and run it down after RS I will load more, common sense just tells me to.
May not be what you were asking but it is the best I got to answer with, they are going to go from a huge huge huge money loser into a winner starting Jan 1st think about that. I am totally astounded that the light bulb has not gone off for anyone to rationally think about that, near 700 stores (I think was 682) that they had second half of last year losing 10's of millions per Q no more, gone.....pooof.
No brainer IMHO.
Peace out.
$ASNA There is zero risk in this stock at this price IMHO. I am just shooting my mouth off, I haven't sold a share even when it went to .53 nor will I like with FRAN I am in to get PAID. Many obviously dislike money or haven't the common sense of a donkey.
Now this thing closed another what 75-100 stores this Q reporting so that is another 75-100 stores they aren't losing money in (because screw the revenue loss from losing DB's that mean shit its about making money not revenues) How much is rent and labor costs for 75-100 stores? Wall Street calling for .02 a share in earnings I say .06+ but thats me and a nice but of cash shall be added. Because they did sell the IP for DB and Maurices turned in a spectacular Q from which we get 49% where we were part of the loss last Q on the hook for 49%.
Now this Q we are in they will close 500+ stores 2 months in liquidating the stores at the best selling time of the year. So next Q will have 500 less labor and rent costs for 1 month how much is that? All the other lines will have a smashing Q as it is that Q Maurices included from which we get 49% now they give guidance for next Q what will it be? And what will the guidance be for 2020 with a full half a year not having a losing 600 DB's with those rents and labor costs? So after they turn in a nice Q this report with the IP sale Maurices money 100 less DBs and looking at even better one next Q you people really believe the stock will sink below .40? Even after adjusted for RS with the guidance they are going to give? That turnip you fell off of have it take you back to common sense school. Because you are obviously lacking a lot of it.
All anyone sees is, the chart the chart and RS totally forgetting real world $$ you don't give guidance that they will and a stock go to the basement, but, you know.
Exactly, all hype and dreams they will write positive article after positive article will all come to nothing they make no money and will never make any money.
In 10 stores I was able to find it in from VA to FL all had it in frozen food coolers with turkey's etc and none had more than 6 packages.
It is a nice little $50 million dollar company if that.
Should have pushed it on the left coast and by mail order/internet other than that will never ever ever sell enough to break even let alone make a profit, will raise money diluting till it is under $1
Will cover @5 for good and then leave it alone until then cover on dips sell on pumps. This will trend down till it is in NIO country.
PR any day, me personally I am hoping it is the Bakken sale that will give the biggest $$ advantage going forward the increase in oil prices up to this point and going forward are fantastic no doubt but that sale will wipe out a lot of interest payments going forward taking out an abundance of debt.
Whatever they decide will be good to hear it, loving the higher oil prices as the costs had been cut so dramatically especially power costs the elimination of those rental pumps etc took each location from $30K per month in electricity fees to $3K per month which was very nice.
The 2019 capex schedule was completed early so this further reduced costs for this Q and the 7 new wells pumping in the Delaware and 4 in Bakken will definitely add nicely which makes the higher prices even more important, always good to add production even better when it is at higher prices.
Well we should hear something this week or next with holidays, they probably having/had meeting this week and I for one look forward to the update, that (fingers crossed is sale) and OPEC cutting big again tomorrow should send us back to fair value. Hard to price a company at .25 that is gonna earn .06+ per share in Q4.
In case many forgot CC told us meeting and update early December...………… tick tock shorty's.
""Our board will be meeting in December to review a number of budget scenarios going forward, with the intent of maximizing our overall corporate objectives. We will report the conclusion and subsequent 2020 guidance at that time.""
Peace out.
Super squeeze coming...………………………….
Well Wall Street calling for +.02 per share that would be nice. Maurice's results were way up ad we got half that and we were down another 100 losing DB's beginning of the Q with another 100 set to close, cash will be up for sure and comparable sales for DB as well, not sure the 10% was previous Q but will be up. The Q we are in now though, that where the game totally changes another 500 stores light after Dec 31st and all that cash from inventory and not having the 100 losers closed this Q and the 500 losers closed for last month of next Q.
That is where its all gonna change, every trader worth his salt will be posting, tweeting ASNA ASNA ASNA will be FRAN 2.0 and anyone who misses that party deserve to lose out.
Peace out.
Just my personal opinion……………..
Estimize has Wall Street consensus at -2.16 per share
How they get to that number is beyond bizarre, capex will be lowest by Q standards than has been in 3+ years and web sales up store sales up and dead stores been closed so losses way down.
My guess...…….+1.42 in earnings per share but whatever it is, it sure as shit won't be a loss.
Peace out.
Another solid Q looks like this years earnings will be more than double last years, cash is up we get a nice sweet dividend now, has no been an exciting stock by any means but has been/will be solid.
Anytime flippers/shorts get it anywhere near 3.50 is a no brainer, always worth just leaving a GTC order in at that level I always have a AON in for a few hundred shares just in case Santa wishes to fill my stocking early.
Peace out.
Maybe we should just let shorty have the entire day to himself LOL. I just love bid sitting these letting them throw to their hearts content get that degenerate gambler jones they have going out of their system.
Peace out.
What would propel the share price higher?
Adding more cash to the balance sheet they had .76 per chare in cash in the last round of DB closures with near 100 more biting the dust. That is another 100 stores not losing money in the current Q, there are 500 more closing this Q with all that cash being added to the bottom line.
I think things are going rather well I look at the glass half full and getting more full by the week not half empty, just my way.
After the last of the stores close and done away with the end of December what then? If 100 DB's closing add $30 mil to the balance sheet how much does closing 500 stores add? How do/will things look going forward with not having near 700 losing money stores in 2020 like they had in 2019?
I am starting to think the RS is meaningless as well, may dip a bit, I am ready for it to. Doesn't change things one iota going forward, FRAN will ended up netting me millions this year (already has $1 mil+) and I don't see why ASNA will not do the same, still 1 year before another debt payment is needed to be paid by that time all will be sorted an I will be planning next years holiday, France is going to be lovely this Feb thanks FRAN.
For today shorty got a little feisty yesterday got this thing on SSR no throwing big gorilla blocks at the bid.
Ta ta.
I am doing great, you know nothing about me son if you did you would know I am no pumper. This is money in the bank kid. You have a good day and go count your pennies small fry.
Fact remains shorts can short and short and short, just reported 2 million up in 2 weeks at 7.25 now after the heavy short day should be 10 million. I always win, if you don't know that you need to do some DD on me, I get in them when people are to stupid, like yourself to realize they are good, but, why you guys never stick around when they shake the drek off and leave the trailer park crowd behind and rise 800-1000% and never look back? Where are you then?
I remember that pikey on FRAN, he hasn't shown himself in forever, he is probably holed up with his fat ass wife and his 10 kids in his caravan in some farmers field right now. And that Australian twit on RCEL where did he run off too? You will be like the rest lost in the end off to spout BS somewhere else.
You don't know me, you only think you do.
Peace out.
$AXAS SSR today AXAS Abraxas Petroleum Corporation R 11/21/2019 12:34:36 PM
Uptick rule in effect no market sells at the bid like shorty been doing for the past week.
shortvolumes
11/21/19, 10:31 PM
Short sale volume for $AXAS on 2019-11-21 is 53%. shortvolumes.com/?t=AXAS
Peace out.
NP, actually just started paying attention to the wires yesterday while doing DD on a couple other things.
Oil bears have had a good run but that clock is ticking.
Faulty drilling indicator belies oil market that's tighter than assumed - WSJ
https://seekingalpha.com/news/3521433-faulty-drilling-indicator-belies-oil-market-tighter-assumed-wsj
Crude Oil Reversal Higher Points To $62 Price Target
https://www.seeitmarket.com/crude-oil-reversal-higher-points-to-62-price-target/
Oil settles at 2-month high, buoyed by talk of potential extension of OPEC output cuts
https://www.marketwatch.com/story/oil-buoyed-on-talk-of-potential-extension-to-opec-output-cuts-2019-11-21
California now Colorado helping out oil prices going forward passing laws as fast as their leftist governors can sign them
First round of major oil-gas rules up for adoption in Colorado focus on underground network of flow lines
https://www.coloradohometownweekly.com/2019/11/21/colorado-mulls-new-oil-gas-line-rules/
California Intensifies Fossil Fuel Fight With New Drilling Ban
https://www.ttnews.com/articles/california-intensifies-fossil-fuel-fight-new-drilling-ban
The writing is on the wall shorty, deny it, ignore it, whatever doesn't matter it will be what it will be not going to be such a worm and fuzzy winter for you oil bears. Even the WSJ pointing out that 1000's of DUCs that cost an exorbitant amount to finish compared to drilling where oil traders think all this $$ will come from to do the work is beyond me.
Absolutely no indicators for lower oil going forward, now we just need those nuts in the gulf to stir up some shit then we shall have the perfect storm. IMHO they know it already, market always likes to be "surprised" things were "unforeseen" when the truth is it was a $$ hustle the entire time, Stevie Wonder can see higher oil going forward.
This one, IMHO is a great add as they are sorted out with new financing deal and higher oil is just thing the thing that is needed to literally turn it 180 degrees, this one is luckier than most smaller drillers/producers.
They didn't go heavy with crazy billion dollar debt loads theirs is manageable with assets still far exceeding the debt and with higher oil going forward they can right the ship in no time, excellent add/catch on shorty dip catches IMHO.
Peace out.
You people who invested in a stock that was and always will be a penny and to get over your mistakes. The stock was a penny before will be a penny in the future and no director in the world will ever change that. Any who got sucked into that internet sham pump and dump needs to blame themselves or whoever ran it.
Blows my mind, people always look for someone to blame when it is themselves they should be blaming.
You are not correct. February and they will ask for an extension. oil keeps rising it won't matter and oil will, that's a given. Only thing the depression in price makes is it being more attractive to a buyout, which I do not hope for, would rather oil to continue its trend and let things work out themselves.
Peace out.
Oil keeps rocking shorts keep pushing may have to do the deep jump on this one, oil rising $2 a barrel a day they keep shoving it further down, I mean they already made money when oil was trading in the $50 range albeit .02 a share .08-.10 a year but damn, hopefully they push it to the teens, one can hope.
Anyone adding or starting position, bid sit it small parcels let them keep pushing, not slapping the ask gets them bolder, works every time.
Peace out.
Debt sorted, made .02 a share last Q and oil is heading up, catching dips near .25 as long as they will let me.
Peace out.
No, just a chart and time thing. The published paper yesterday was also a pretty much for sure that it will pass as well, it was for the extra submitted material they asked for (FDA) which is why the overdue approval. Now its a guessing game with gamblers both shorts and traders alike.
Longs we know what will happen and where it is going, they are just playing those odds, will the approval hit today/tomorrow next week, all know its coming just when.
That paper published yesterday was like a picture it was worth 1000 words.
That's why they push it down in the morning and it would rise back up every afternoon. But time is running out, getting dicey to play this one and as well as much as they want to dismiss it the 3rd straight Q YoY revenue earnings beats with it growing every Q hard to keep pushing it down. Stock is trading lower now due to heavy short position now probably another million up to 6+ million shares short.
With the stock trading at 1/2 the price it was a year ago with the numbers 50%+ higher and growing, how can you keep justifying shorting it at this point, only a fool would. $$ up 50%+ and growing costs down 3% and dropping further yet they push it to BK pricing? And say it has to do with the FDA? Nah, it has zero to do with that and they know it. At this price this is a full on investment and a damn good one, it has passed the lets play with it stage, just buy them put them in a coffee can and forget about them in a year have a 500% increase in $$ value.
From the Australian study "Conclusions and Relevance This trial showed that intranasally administered naloxone in a supervised injecting facility can reverse opioid overdose but not as efficiently as intramuscularly administered naloxone can, findings that largely replicate those of previous unblinded clinical trials. These results suggest that determining the optimal dose and concentration of intranasal naloxone to respond to opioid overdose in real-world conditions is an international priority."
"International priority".............the entire world is watching.
https://jamanetwork.com/journals/jamanetworkopen/fullarticle/2755306?widget=personalizedcontent&previousarticle=0
Some of the other links for the 100+ papers on the studies to do with naloxone/higher doses/intramuscular versus nasal use.
https://scholar.google.com/scholar?q=related:Hins4glWPwMJ:scholar.google.com/&scioq=&hl=en&as_sdt=0,47
Chart shows its laying each floor as we go up now its time to go to the fourth floor and fill it up on revenues and costs cut alone, the Zimhi is just icing on the cake that should send it above $2 to stay with a partner maybe $3 to stay but under $1.50 its not even at fair value at the moment.
All that FDA FDA FDA that's all a hustle, shell game. They are like "NO don't look at the revenues shooting higher Y0Y NO don't look at cost of business going down YoY NO don't look at R&D going down YoY its FDA FDA FDA wit should be trading for pennies, well that's horseshit and they knw it. That is what the market is about, not momo hustle pumps from FDA nonsense its about rising revenues and falling costs, its all about the money, not the hype.
ADMP PTK naloxone study for Zimhi paper published.
https://www.globenewswire.com/news-release/2019/11/18/1948733/0/en/Adamis-Pharmaceuticals-Announces-Publication-of-Comparative-Pharmacokinetics-of-Community-Use-Naloxone-Formulations.html
Peace out.
Nice day, nice little rest from 2 days of healthy gains nice to have a Friday to do it. Look forward to seeing more insider buying seems steady and consistent with everyone dipping their toes in the pool from the CEO/Directors on down and not for peanuts either which is nice.
Peace out.
Nice director buy this week 3 lots for 100K shares very nice insider trading last year near 2 million shares bought.
Think this has a Friday rest before continuing ride back above 3.
Peace out.
Good article, well stated reality.
Peace out.
Nice and steady rise today and going forward IMHO. It is trading as it should no more the hype either positive or negative, the big kids will handle it for a bit, they saw the 10Q and they sussed out the numbers for themselves and see what we saw.
Peace out.
These people run Foamix and they have worked at top posts at ALL the biggest Pharmas in the world, they all have impeccable backgrounds.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=151813572
I feel for you but, when Hirsch came in to be Chairman of the board he didn't then nor now "run the company" nor does he here he is a director.
I feel bad for you, but when he was brought in it was an OTC penny stock that was literally a penny. If you through 80K at a stock that was a penny .01 and never saw an opportunity to bail, then you must have sat on your hands and if you bought in above a penny because it was a seed stock pumped by traders, I feel for you but you should have known better. It was a literal penny (under actually it was .003) before it shot to $3.50 for a day an hour or so or whatever it was, then went back to a penny.
To blame a board member is ridiculous, it was a weed stock which got pumped they all did, Corona got suckered for BILLIONS. All weed stocks/companies were BS the only ones to make money in weed is the govt of the states that made it legal and tat is why they made it legal so "they" could get more money and get paid.
Your anger should be at yourself in 5 years that was a literal penny stock except for a week/month and that is a board members fault?
Sorry but your anger should be placed at yourself.
You should have bailed on a pump then played the bottom till you made your $$ back, sitting in it as not the right move as it was never going back to dollars or even a dollar. You can always work yourself out of a stock they all disappoint at some point, from the blue chips down, its how you play that bottom it is at, that decides your fate in the end.
Sitting and holding isn't the way, adding at the very bottom and flipping that bottom in your case 40 times in 2 years would have been better than just sitting.
Peace out.
$ADMP Short interest jumped more than 1.4 million shares this latest reporting.
10/31/2019 Shares sold short 5,303,087
10/15/2019 Shares sold short 3,864,245
Institutional shares held end of Q3 is jumping by the day with most of the larger 13F holders yet to report now stands at 22.3% up from 12.3%
Insiders besides the 5 execs that have auto sales for a small portion of their holdings every Q the last insider trades were 3 directors buying 62,750 @ 1.58 avg pps.
Short interest now probably way up from these #'s a week and a half since this reporting period ended Oct 31st with the FDA not acting, yeah I bet they laid it on thicker, fattened those short positions right up. Are you kids at 6-7 million yet? Gonna take just a few days to cover those positions huh?
Lets see what happens, shall we? Tick tock what's a few extra million shares sold short between friends shorty and the tutes are tight buddies aren't you? Keep on shorting it, especially the dopey retails they always slammed the best as hedges know when to cover, retail doesn't.
Peace out.
How did that work out for you?
Tutes will eat these numbers up, I expect tute accumulation to continue as it has the past 2Q's shorts cannot ignore those it is what it is, revs increasing and costs lowering and CFO eluded in the CC that Q4 will be more of the same as will 2020 lower costs of doing business and lower R&D expenses, ta ta.
Ridiculous this thing is trading under $2 let along $1 that won't be for long, like Raymond James questions succinct and substantive.
They are a holder, doubled their position last Q maybe can see another double down, the tutes are what is going to get shorts in the end.
Peace out.
Its starting.................